Ithaca Energy (LON:ITH) reported what executives described as a strong first quarter of 2026, with production in line with full-year guidance, robust cash generation and an outlook for shareholder returns trending toward the high end of its target range.
Executive Chairman Yaniv Friedman said the company delivered average production of 126,000 barrels of oil equivalent per day in the quarter, supporting cash flow generation and giving the business capital to pursue organic growth opportunities. He said the company had taken a “hard look” at ways to optimize and accelerate activity across its portfolio amid elevated commodity prices.
