NewMed Energy - Limited Partnership

Tel Aviv Stock Exchange NWMD.TA

NewMed Energy - Limited Partnership Gross Profit for the year ending December 31, 2023: USD 780.70 M

NewMed Energy - Limited Partnership Gross Profit is USD 780.70 M for the year ending December 31, 2023, a 11.26% change year over year. Gross profit is the difference between revenue and the cost of revenue, representing the profit earned from core business operations.
  • NewMed Energy - Limited Partnership Gross Profit for the year ending December 31, 2022 was USD 701.70 M, a 35.44% change year over year.
  • NewMed Energy - Limited Partnership Gross Profit for the year ending December 31, 2021 was USD 518.11 M, a -3.24% change year over year.
  • NewMed Energy - Limited Partnership Gross Profit for the year ending December 31, 2020 was USD 535.48 M, a 126.50% change year over year.
  • NewMed Energy - Limited Partnership Gross Profit for the year ending December 31, 2019 was USD 236.42 M, a -15.31% change year over year.
Key data
Date Gross Profit Operating Income EBIT EBITDA
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Tel Aviv Stock Exchange: NWMD.TA

NewMed Energy - Limited Partnership

CEO Mr. Yossi Abu
IPO Date Aug. 12, 2002
Location Israel
Headquarters 19 Abba Even Boulevard
Employees 23
Sector Energy
Industries
Description

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 square kilometer (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 approximately 500 km2 located to the west of the shores of Ashkelon. It also holds interests in the Boujdour Atlantique exploration license that covers an area of approximately 33,812 km2 located in the south of the Moroccan exclusive economic zone; 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, marketing companies, and industrial customers, as well as exports natural gas to Jordan and in Egypt. 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.

StockViz Staff

January 15, 2025

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