i3 Energy quadruples revenues, doubles profit in H1
i3 Energy recorded £101.6m of revenues in 1H22, an almost 4x increase YoY. Net profit was £14.7m, more than double last year's £7m. Average production increased 107% to 18,950 boepd and forecast to reach 24,000 in 2022. In May, i3 increased its dividend by 25% to £14.784m or 1.3125p/share, equating to a 9.8% yield. i3 also expanded its capital budget by US$50m to US$97m.
