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Δεκ 31, 2023 | StudieEN

Energean: 2023 Annual Report

CategorieCCS
LanguageEnglisch
Date31.12.2023
AuthorEnergean
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).

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