Energean (ENOG)

Up
Share Price:
761.00p
Market Cap:
£1,402.38m
Change Today:
25.50p
Sector:
Energy Producers

Energean production ramps up in third quarter

By Benjamin Chiou

Date: Wednesday 26 Nov 2025

LONDON (ShareCast) - (Sharecast News) - Mediterranean and UK North Sea-focused gas explorer Energean said it expects full-year output to be in line with guidance despite the "challenging geopolitical and macro environment" in Israel.

The company, which is currently focused on gas production offshore Israel, supplying around a half of all Israeli gas demand, said production jumped 35% over the three months to 30 September as operations picked up after temporary shutdowns in the second quarter.

Production over the first three quarters combined averaged 151,000 barrels of oil equivalents per day, down 3% over the same period last year.

Results so far this year have been hit by a planned shutdown for essential works in March and the Israeli government ordering the suspension of production for security reasons in June, along with lower Brent crude prices.

Nine-month revenues totalled $1.29bn, down from $1.36bn the year before, while adjusted earnings before interest, tax, depreciation, amortisation and exploration expenses fell to $828m from $894m.

Full-year guidance for production, general and administrative expenses, exploration and decommissioning remains unchanged, while Energean's cost of production forecast has been lowered to $550m-590m from $560m-600m due to cost reductions in Greece.

However, total development and production cost guidance has been lifted to $580-620m from $480-520m due to the quicker-than-expected ramp up of operations in Israel.

"Production increased in the third quarter, rising 35% quarter-on-quarter to average 176 kboed, reflecting operational excellence and robust summer gas demand in Israel following the temporary suspension in June," said chief executive Mathios Rigas.

"Energean is focused, disciplined, and positioned for sustainable growth, including a key investment year in 2026, with multiple near-term catalysts and a clear pathway to long-term value creation."

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Energean Market Data

Currency UK Pounds
Price 761.00p
Change Today 25.50p
52 Week High 1,026.00p
52 Week Low 683.50p
Volume 249,898
Shares Issued 184.28m
Market Cap £1,402.38m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Price Trend
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Growth
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
P/E
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
PEG
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. full market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. full sector star
Dividend Yield
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. full market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
EPS Growth
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector