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Ithaca Energy shares jump 5.6% after strong H1 results and raised dividend guidance

Company Fundamentals
19 Aug 2026
Proactive Investors
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Bullish
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Ithaca Energy's shares rose nearly 6% following strong first-half 2026 results, with revenue increasing to $1.69 billion and net income turning positive at $127 million. Production hit a record 131,000 barrels per day in Q2, supporting full-year guidance of 120,000 to 130,000 barrels. The company raised its 2026 dividend guidance to $500-$530 million and strengthened liquidity above $1.9 billion, enhancing its acquisition capacity. First production from the Rosebank project is expected in the first half of 2027, signaling continued growth potential.

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