| Categorie | CCS |
| Language | Englisch |
| Date | 31.12.2023 |
| Author | Energean |
| Description | |
Strong financial performance |
| The Group saw record revenues ($1,420 million) and adjusted EBITDAX1 results ($931 million) following the first full year of production contribution from Karish (Israel) (see page 73 for further details). Energean paid a total of $94.7 million (€87.0 million) of one-off windfall taxes in Italy in 2023. |
Strong balance sheet maintained; ongoing deleveraging |
| Energean achieved a 50% reduction in its Group leverage (net debt/adjusted EBITDAX) to 3x. Following Energean Israel’s bond refinancing in July 2023, Energean has no immediate debt maturities. |
Delivery of dividend in line with policy |
| In total, Energean returned $1.20/share to shareholders ($214 million) in 2023, in line with Energean’s dividend policy (see page 39 for further details). |
