Ithaca Energy PLC reported strong Q1 2026 results with average production of 126 kboe/d, adjusted by adverse weather conditions despite adverse weather conditions in January and early February. The company reaffirmed reaffirmed reaffirmed reaffirmed reaffirmed reaffirmed reaffirmed reaffirmed reaffirmed reaffirmed reaffirmed reaffirmed reaffirmed reaffirmed reaffirmed strong financial performance, with adjusted net debt reduction and increased available liquidity. The company reaffirmed strong hedge position, with a 50% increase in available liquidity, & a 50% increase in available liquidity.
Key highlights
Strong Q1 2026 performancerobust net debt reduction& robust net debt reduction.
Reaffirmation of management guidance for 30% post CFFO & a 50% farm-in to licenses P2629 & P2630, containing the Tobermory discovery.
Completion of strategic farm-in agreement Harbour P2629 & P2630, with Adura as operator.
Reaffirmation of management guidance on dividend commitment, with dividend guidance trending to $520 million.
Reaffirmation of management guidance on dividend commitment, with dividend guidance trending of $520 million.
SummaryIthaca Energy PLC reported strong Q1 2026 results, with average production of 126 kboe/d, strong financial performance, & a strong hedge position. The company reaffirmed strong operational performance, with average production of 126 kboe/d, strong financial performance, & a strong hedge position. Key highlights also reaffirmed strong financial performance, with a reduction in net debt, & a strong hedge position.