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An announcement from Harbour Energy ( (GB:HBR) ) is now available.
Harbour Energy reported an 84% jump in average production to 474,000 barrels of oil equivalent per day for 2025, boosted by the full-year contribution from acquired Wintershall Dea assets and strong operational execution, while unit operating costs fell about 20% to $13/boe and greenhouse gas intensity declined to 14 kgCO₂/boe. Revenue rose to $10.3 billion and EBITDAX to about $7.1 billion, lifting free cash flow to $1.1 billion and trimming net debt to $4.4 billion, as the company advanced key development projects in Norway, Argentina, Mexico and Egypt, progressed Danish CCS ventures, and delivered exploration success in Norway and Egypt. Strategically, Harbour completed integration of the Wintershall Dea portfolio, exited non-core assets in Vietnam and selected licences, and announced three significant transactions: divestments in Indonesia, a UK acquisition of Waldorf that unlocks cash and tax losses, and a $3.2 billion deal for LLOG Exploration in the US Gulf of Mexico that will add a long-life, oil-weighted operated portfolio. For 2026, before the impact of these pending deals, Harbour guides to slightly lower production of 435,000–455,000 boepd, operating costs around $13.5/boe, capital expenditure of $1.7–1.9 billion and free cash flow of about $600 million at current price assumptions, with management targeting another year of strong operational performance, further balance sheet strengthening and, assuming transaction completion, a move towards 500,000 boepd by year-end and a lower effective tax rate.
The most recent analyst rating on (GB:HBR) stock is a Buy with a £3.80 price target. To see the full list of analyst forecasts on Harbour Energy stock, see the GB:HBR Stock Forecast page.
Spark’s Take on GB:HBR Stock
According to Spark, TipRanks’ AI Analyst, GB:HBR is a Neutral.
Harbour Energy’s overall stock score is driven by strong operational performance and strategic initiatives like share buybacks, which enhance shareholder value. However, the negative P/E ratio and bearish technical indicators weigh on the score. The high dividend yield and positive earnings call sentiment provide some support, but profitability challenges remain a concern.
To see Spark’s full report on GB:HBR stock, click here.
More about Harbour Energy
Harbour Energy is an independent oil and gas exploration and production company with a geographically diversified portfolio spanning the UK, Norway, Germany, Argentina, Mexico, North Africa and Southeast Asia. Its production mix is roughly balanced between liquids and natural gas, and it is increasingly focused on high-return, short-cycle projects and lower‑carbon operations, including carbon capture and storage initiatives, to enhance free cash flow and resilience amid evolving energy markets.
Average Trading Volume: 3,330,091
Technical Sentiment Signal: Hold
Current Market Cap: £3.55B
Find detailed analytics on HBR stock on TipRanks’ Stock Analysis page.