Neptune Energy announces 2021 dividend

Neptune Energy announced today that the Board of Directors of Neptune Energy Group Limited has declared an $800 million dividend. It is expected that the dividend will be paid to shareholders on 15 December 2021.

Neptune continues to trade in line with guidance, with operating cash flow1 expected to exceed $2 billion for the full year. Leverage is expected to end the year around 1.0 times net debt to EBITDAX, inclusive of this dividend payment; well below the company’s target of <1.5 times.

Neptune’s full year results for the period ended 31 December 2021 will be announced on 17 March 2022. 

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