FINWIRES · TerminalLIVE
FINWIRES

Ithaca Energy Swings to H1 Profit; Revenue Up

By

Ithaca Energy (ITH.L) said Wednesday that it swung to a profit for the first half, while revenue rose year over year.

Profit for the six months ended June 30 was $127 million, compared with a loss of $217.5 million earlier. EPS came in at $0.076 from a per-share loss of $0.132.

The oil and gas company's revenue was $1.67 billion, compared with $1.45 billion a year ago.

Meanwhile, the board declared a dividend of $0.1542 per share for the interim period, payable Sept. 24 to shareholders on record Sept. 4.

Looking ahead, Ithaca Energy updated its 2026 dividend guidance range to between $500 million and $530 million from the previous range of $470 million to $520 million.

Related Articles

Equities

Ramaco Reports Memorandum of Understanding with Indium

Ramaco Resources (METC) said late Tuesday it has struck a non-binding memorandum of understanding with Indium Corp. for the potential supply of gallium and germanium from its exploratory Brook Mine rare earth and critical-mineral project in Wyoming.Any future supply will depend on due diligence, definitive agreements, successful development of the Brook Mine project and other applicable conditions, the company said.

$METC
Equities

Ellomay Capital Swings to Q2 Earnings, Revenue Rises

Ellomay Capital (ELLO) reported Q2 earnings late Tuesday of 5.25 euros ($6.08) per diluted share, swinging from a loss of 0.60 euros a year earlier.Revenue for the quarter ended June 30 was 12.4 million euros, up from 11.3 million euros a year earlier.FactSet estimates were not readily available.

$ELLO
Equities

Evolution Petroleum to Buy Midland Basin Mineral, Royalty Interests for $16 Million

Evolution Petroleum (EPM) said Tuesday it agreed to buy mineral and royalty interests in the Midland Basin portion of the Permian Basin from a private seller for about $16 million.The deal is expected to close on or about Aug. 21, with an effective date of Aug. 1.The interests span about 3,420 net royalty acres across Reagan, Upton, Glasscock, Midland, and Martin counties, Texas, including 832 producing wells and estimated current production of about 210 barrels of oil equivalent per day, the company said.Evolution plans to fund the purchase using proceeds from a concurrent public stock offering, cash on hand, and borrowings under its revolving credit facility.

$EPM