i3 Energy announced its interim results for the period ended 30 June 2021. Reported production of 9,095 boe/d was marginally better than what we had modelled, 8,950 boe/d, and resulted in free cash flow generation of £2.2M, marginally better than what we had modelled, £1.9M. We were surprised by the strength of the dividend i3 Energy announced in respect of 1H 2021 of 0.2p/sh or £2.2M – a clear statement by the board that the return of cash to shareholders will be a priority.
27 Sep 2021
i3 Energy (I3E) - Interim Results - Solid
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i3 Energy (I3E) - Interim Results - Solid
i3 Energy Plc (I3E:LON) | 11.6 0 0.0% | Mkt Cap: 139.2m
- Published:
27 Sep 2021 -
Author:
Brendan Long -
Pages:
5
i3 Energy announced its interim results for the period ended 30 June 2021. Reported production of 9,095 boe/d was marginally better than what we had modelled, 8,950 boe/d, and resulted in free cash flow generation of £2.2M, marginally better than what we had modelled, £1.9M. We were surprised by the strength of the dividend i3 Energy announced in respect of 1H 2021 of 0.2p/sh or £2.2M – a clear statement by the board that the return of cash to shareholders will be a priority.