Ithaca Energy extends lending terms: GBP 4.9 billion market value for Ithaca Energy stock
Published on 10/15/2026 at 13:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSFinancing supports Canadian expansion
- The reserve-based lending facility was amended on October 12, 2026, with maturity extended to December 31, 2032.
- The October 5, 2026 acquisition adds USD 860 million of upfront consideration and 103 million boe of reserves.
- Ithaca Energy stock trades at EUR 3.53 at 1:40 p.m. CEST at Lang & Schwarz on October 15, 2026.
Ithaca Energy (GB00BPJHV584) agreed an amendment to its USD 1.8 billion reserve-based lending facility on October 12, 2026, extending final maturity to December 31, 2032, according to Investegate. Ithaca Energy stock was quoted at EUR 3.53 at Lang & Schwarz on October 15, 2026 at 1:40 p.m. CEST.
Financing extends to 2032
The amended facility combines a USD 1.3 billion loan facility with a USD 500.0 million letter-of-credit facility. It also permits an increase in total commitments of up to USD 1.0 billion, giving Ithaca Energy more room to finance its growth plan.
The financing change follows Ithaca Energy's proposed entry into offshore Canada. The transaction announced on October 5, 2026 includes USD 860.0 million of upfront cash consideration and up to USD 250.0 million of contingent consideration, according to TradingView. Completion is targeted for the first half of 2027 and remains subject to customary conditions, including Canadian regulatory approval.
What does Canada add?
The acquisition adds 103 million boe of 2P reserves and is expected to contribute average production of 30,000 boe per day between 2027 and 2031. West White Rose is expected to begin commercial production in the fourth quarter of 2026, while Ithaca Energy's medium-term production outlook rises to 140,000-150,000 boe per day, according to the same RNS announcement.
Three dated milestones
On August 19, 2026, Ithaca Energy reported second-quarter revenue of USD 811.1 million, up from USD 746.4 million a year earlier, while net income increased to USD 59.7 million from USD 41.1 million, as reported by Simply Wall St. On October 5, the company announced the Canada acquisition with 103 million boe of reserves. On October 12, it amended the reserve-based lending facility with a maturity extension to 2032.
Dates for the next steps
The proposed Canada transaction is targeted for completion in the first half of 2027. The next earnings date is estimated as November 18, 2026, according to Yahoo Finance.
Stock trades during expansion
The financing amendment lowers the final maturity pressure while the Canadian deal adds a second operating hub. The main counterweight is execution: the transaction carries regulatory, integration and commodity-price risks, and completion is not yet due until the first half of 2027. Ithaca Energy stock was trading at EUR 3.53 at Lang & Schwarz on October 15, 2026 at 1:40 p.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of Ithaca Energy stock.
Ithaca Energy stock at a glance
- Company: Ithaca Energy plc
- ISIN: GB00BPJHV584
- Ticker: ITH
- Primary exchange: London Stock Exchange
- Price Lang & Schwarz (as of October 15, 2026, 1:40 p.m. CEST): EUR 3.53
- Market capitalization: GBP 4.9 billion (as of October 15, 2026)
- LSE price: GBp 296.60 at 12:45 p.m. BST on October 15, 2026
- 52-week range: GBp 149.80-299.60 (as of October 15, 2026)
- Sector / Industry: Energy / Oil and gas
- Index membership: FTSE 100
Market context: Market report FTSE 100.
