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Update: Ithaca Energy Swings to H1 Profit; Revenue Up

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(Updates reference to dividend and to include year-ago figure)

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 first interim dividend of $0.1542 per share, payable Sept. 24 to shareholders of record on Sept. 4. It paid a first interim dividend of $0.101 per share in the prior year.

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.

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