Energean (LON:ENOG) Full Year 2024 Results

Key Financial Results

Revenue: US$1.31b (down 7.4% from FY 2023). Net income: US$115.9m (down 37% from FY 2023). Profit margin: 8.8% (down from 13% in FY 2023). The decrease in margin was driven by lower revenue. EPS: US$0.63 (down from US$1.04 in FY 2023).

We've discovered 3 warning signs about Energean. View them for free.

ENOG Production

Combined production

Oil equivalent production: 41.693 MMboe (44.731 MMboe in FY 2023).LSE:ENOG Revenue and Expenses Breakdown April 19th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Energean Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 32%. Earnings per share (EPS) missed analyst estimates by 26%.

The primary driver behind last 12 months revenue was the Israel segment contributing a total revenue of US$1.24b (94% of total revenue). Notably, cost of sales worth US$702.4m amounted to 53% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$272.1m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how ENOG's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 7.2% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the United Kingdom are expected to remain flat.

Performance of the British Oil and Gas industry.

The company's shares are up 8.1% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted  3 warning signs for Energean  (of which 1 is potentially serious!) you should know about.

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