About Ithaca Energy
Ithaca Energy is a publicly listed company based in Shoreview (United States) founded in 2004, and was acquired by The Delek Group in February 2017. Oil and natural gas exploration services are provided globally. It operates on a Direct-to-Consumer (D2C) model. The company has 800 employees. Ithaca Energy has completed 2 acquisitions, including Siccar Point Energy and Summit Exploration and Production. Its chief executive, as recorded, is Les Thomas. Ithaca Energy offers products and services including Oil and Gas Production. Its focus areas include Energy, Oil and Gas and Upstream Exploration and Production.
Company details
Ithaca Energy is focused on the production of oil and gas in the North Sea region. Operations are conducted with an emphasis on safety, efficiency, and sustainability. The company is committed to meeting the UKs energy needs while supporting decarbonization targets. A portfolio of assets is managed responsibly in collaboration with partners and suppliers. Innovation is embraced to address changing industry demands. The business combination with Eni UK is aimed at creating growth opportunities and enhancing energy security.
- Headquarters Shoreview, United States
- Employees 800
- Stage Public
- SectorsEnergy & Utilities
- Website ithacaenergy.com
- Social LinkedIn
- Acquired by The Delek Group (Feb 2017)
- Legal Name Ithaca Energy Plc
- Annual Revenue$2.96 B (USD)41.89as on Dec 31, 2025
- Net Profit-$85.92 M (USD)-153.24as on Dec 31, 2025
- EBITDA$2.03 B (USD)40.03as on Dec 31, 2025
- Latest Funding Round$250M (USD), Post-IPO
Sep 2019
- InvestorsTrafigura
& 1 more
- Employee Count800
- Investments & AcquisitionsSiccar Point Energy
& 1 more
- Acquired byThe Delek Group
(Feb 2017)
Products & Services of Ithaca Energy
Ithaca Energy offers a comprehensive portfolio of products and services, including Oil and Gas Production.
Oil and gas are produced in North Sea.
Funding Insights of Ithaca Energy
- Total Rounds 2
- Last Round Post-IPO — $250M
- First Round $153.29M
(Jul 2010)
- Investors Count 1
All 2 funding rounds of Ithaca Energy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2019 | $250M | Post-IPO | – | – | |
| Jul 2010 | $153.29M | Post-IPO | – | – | – |
2 investors in total: 2 institutional.
Investors in Ithaca Energy
Ithaca Energy has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Trafigura and The Delek Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Commodity trading and logistics services are provided to global markets. | 2009 | trafigura.com | Amsterdam, Netherlands | |
Oil and gas exploration and production company | 1951 | delek-group.com | Herzliya, Israel |
Investor details for Ithaca Energy
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People of Ithaca Energy
51 people are tracked at Ithaca Energy (10 in leadership, 8 in board & advisors, 33 in team); the tracked headcount is 800.
| Name | Role | Group |
|---|---|---|
Les Thomas | CEO & Director | Leadership |
Richard Smith | Corporate Development Director | Leadership |
Rachel Stanley | Head Of Non Operated Joint Ventures | Leadership |
Samantha Watt | Head Of HR Operations | Leadership |
Iain Lewis | CFO | Leadership |
John Marlow | Fpf-1 / Erskine & Digital Operations Director | Leadership |
Sharon Farrow | Head Of Internal Audit, Risk And Insurance | Leadership |
Jonny Levay | Head Of UK Business Development | Leadership |
Ross Mitchell | Head Of Growth And Strategy | Leadership |
Manik Gupta | Deputy CFO | Leadership |
Gilad Myerson | Non-Executive Director | Board & advisors |
Joseph Asaf Bartfeld | Non-Executive Director | Board & advisors |
Lynne Clow | Independent Non-Executive Director | Board & advisors |
Assaf Ginzburg | Independent Non-Executive Director | Board & advisors |
Deborah Gudgeon | Independent Non-Executive Director & Chair of the Audit & Risk Committee | Board & advisors |
Itshak Sharon Tshuva | Non-Executive Director | Board & advisors |
Idan Wallace | Non-Executive Director | Board & advisors |
Dave Blackwood | Non-Executive Director | Board & advisors |
Matt Huntington | Captain Electrification Project Subsea | Team |
David Hair | Offshore Lead Mechanical Technician | Team |
31 more people are available in the full profile.
Complete people profiles for Ithaca Energy
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IPO & Listings of Ithaca Energy
Ithaca Energy is a publicly listed company on the LSE with ticker symbol ITH in UK, operating in the Energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date09 Nov 2022
- Listed onLSE: ITH
- Listed entityIthaca Energy PLC
- Exchange sectorEnergy minerals
- ISINGB00BPJHV584
- Share price297.20 GBX (+1.02% on the day) · 2026-10-14
- Market capitalisation4,865,280,999.00 GBX
- Price to earnings25.5
- EPS (diluted, trailing year)0.12 GBX
- Dividend yield9.02%
- Volume (last session)518,983
Financials of Ithaca Energy
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 2.20B GBP | -63.8M GBP | 1.51B GBP |
| 2024 | 1.55B GBP | 119.9M GBP | 1.08B GBP |
| 2023 | 1.87B GBP | 235.3M GBP | 1.36B GBP |
| 2022 | 2.11B GBP | 837.4M GBP | 1.51B GBP |
| 2021 | 1.04B GBP | 309.7M GBP | 719.6M GBP |
Detailed financial statements for Ithaca Energy
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Investments & Acquisitions by Ithaca Energy
Ithaca Energy has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Siccar Point Energy and Summit Exploration and Production.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Oil and gas exploration and production activities are conducted globally. | summiteandp.com | London, United Kingdom | 2014 | Jul 2022 | •••• | |
Exploration and production in the North Sea are conducted. | siccarpointenergy.co.uk | Shoreview, United States | 2014 | Apr 2022 | $1.1B |
Complete acquisition details for Ithaca Energy
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Timeline of Ithaca Energy
7 dated milestones of Ithaca Energy across 18 years, from founding to its latest funding, stage changes and deals.
- Founded Ithaca Energy is founded.
- Funding First funding round of $153.3M.
- Exit Acquired by The Delek Group.
- Funding Latest funding round, Post-IPO, of $250.0M.
- Acquisition Acquires Siccar Point Energy.
- Acquisition Acquires Summit Exploration and Production.
- IPO Lists on the stock exchange (IPO).
Web traffic of Ithaca Energy
The website of Ithaca Energy (ithacaenergy.com) receives about 9.1K visits a month.
- Monthly visits9.1K
▼ 60.4% vs previous month
Websites whose visitors overlap most with Ithaca Energy. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| petroglobalnews.com | 100% | View details | |||
| westcoastenergy.co.uk | 90% | View details | |||
| fp.fo | 89% | View details | |||
dana-petroleum.com | dana-petroleum.com | 86% | #4,255,152 | – | |
ogfj.com | ogfj.com | 85% | – |
Top companies in Oil & Gas Operations
3 companies that operate in the same segment as Ithaca Energy (Oil & Gas Operations) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Oilfield services and products are supplied worldwide by Schlumberger. | 1926 | United States | USD 35.69 B | 110,000 | ||
bp is recognized as a global energy company. | 1909 | United States | USD 185.5 B | 100,500 | ||
Energy production and transportation are conducted by Dominion Energy. | 1983 | United States | USD 16.73 B | 14,700 |
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Related news about Ithaca Energy
Complete news archive for Ithaca Energy
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Frequently Asked Questions about Ithaca Energy
Ithaca Energy was founded in 2004 and raised its 1st funding round 6 years after it was founded.
Ithaca Energy is headquartered in Shoreview, United States. It is registered at Shoreview, Minnesota, United States.
Les Thomas is the CEO of Ithaca Energy, as recorded in our data.
Ithaca Energy has 800 employees.
Annual revenue of Ithaca Energy is $2.96B as on Dec 31, 2025.
Ithaca Energy is focused on the production of oil and gas in the North Sea region. Operations are conducted with an emphasis on safety, efficiency, and sustainability. The company is committed to meeting the UKs energy needs while supporting decarbonization targets. A portfolio of assets is managed responsibly in collaboration with partners and suppliers. Innovation is embraced to address changing industry demands. The business combination with Eni UK is aimed at creating growth opportunities and enhancing energy security.
Ithaca Energy offers Oil and Gas Production.
Yes, Ithaca Energy is publicly traded on LSE under the ticker symbol ITH.
Ithaca Energy has made 2 acquisitions, including Siccar Point Energy, and Summit Exploration and Production.
Ithaca Energy has 2 investors. Key investors include Trafigura, and The Delek Group.
Ithaca Energy operates through Ithaca Energy.
Yes. Ithaca Energy was acquired by The Delek Group in February 2017.