Newmed Energy LP

Chart & Performance

D1W1MN

P/E

847.23

P/S

335.67

EPS

0.37

Div Yield, %

0.02%

Shrs. gr., 5y

—

Rev. gr., 5y

19.03%

Revenues

935m

-18.30%

Net income

434m

-7.69%

CFO

560m

+10.86%

Dividend

Aug 25, 202420.34993 ILS/sh

Earnings

Mar 17, 2025

Profile

NewMed Energy - Limited Partnership engages in the exploration, development, production, and sale of petroleum, natural gas, and condensate in Israel and Cyprus. The company holds interests in the Leviathan project, which covers an area of 500 km2 located to the west of the shores of Haifa; the Block 12 that covers an area of approximately 386 km2 located in Cyprus; and the Yam Tethys project, which covers an area of 500 km2 located to the west of the shores of Ashkelon. It also holds interests in the New Ofek license that covers an area of approximately 344 km2 located in Israel; the New Yahel license, covering an area of 397.5 km2 located in Israel; and the Tanin and Karish leases covering an area of approximately 500km2 located to the west of the shores of Nahariya. The company serves independent power producers and various industrial enterprises. NewMed Energy Management Ltd. serves as the general partner of the company. The company was formerly known as Delek Drilling - Limited Partnership and changed its name to NewMed Energy - Limited Partnership in February 2022. NewMed Energy - Limited Partnership was incorporated in 1993 and is based in Herzliya, Israel. NewMed Energy - Limited Partnership is a subsidiary of Delek Energy Systems Ltd.

URL

https://newmedenergy.com/

IPO date

Sep 03, 1993

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	934,600 -18.30%	1,143,900 29.61%	882,537 -3.98%
Cost of revenue	174,700	455,600	377,568
Unusual Expense (Income)
NOPBT	759,900	688,300	504,969
NOPBT Margin	81.31%	60.17%	57.22%
Operating Taxes	142,800	116,000	207,837
Tax Rate	18.79%	16.85%	41.16%
NOPAT	617,100	572,300	297,132
Net income	433,600 -7.69%	469,700 16.00%	404,900 10.84%
Dividends	(260,600)	(100,300)	(236,585)
Dividend yield	2.13%	1.09%	299.93%
Proceeds from repurchase of equity		(170,200)	(16,800)
BB yield		1.85%	21.30%
Debt
Debt current	80,300	425,100
Long-term debt	1,740,000	1,731,300	2,224,813
Deferred revenue		2,700
Other long-term liabilities	385,300	66,500	94,395
Net debt	1,630,900	2,071,500	1,941,829
Cash flow
Cash from operating activities	559,500	504,700	453,641
CAPEX	(136,400)	(98,900)	(30,387)
Cash from investing activities	36,100	(273,500)	982,036
Cash from financing activities	(588,900)	(429,100)	(1,285,468)
FCF	434,900	399,053	1,172,897
Balance
Cash	186,700	418,300	340,845
Long term investments	2,700	(333,400)	(57,861)
Excess cash	142,670	27,705	238,857
Stockholders' equity	1,569,700	1,317,300	969,218
Invested Capital	3,572,830	3,430,295	2,840,287
ROIC	17.62%	18.25%	8.34%
ROCE	20.45%	18.46%	15.36%
EV
Common stock shares outstanding	1,173,815	1,173,815	1,173,815
Price	10.40 32.48%	7.85 11,581.55%	0.07 73.20%
Market cap	12,207,676 32.48%	9,214,448 11,581.55%	78,880 73.20%
EV	13,867,176	11,315,848	2,051,409
EBITDA	844,200	825,900	638,074
EV/EBITDA	16.43	13.70	3.22
Interest	124,100	139,900	207,749
Interest/NOPBT	16.33%	20.33%	41.14%