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Harbour Energy ( (GB:HBR) ) has provided an announcement.
Harbour Energy has announced its strategic goals for 2025 to 2027, focusing on maintaining an average production of around 450 kboepd and reducing operating costs to less than $15/boe. The company plans to cut annual capital expenditure by 25% in 2026 and 2027 compared to 2025, aiming for material free cash flow generation and a competitive annual dividend. Harbour Energy also intends to reduce debt and potentially increase shareholder returns through share buybacks. The company emphasizes its growth through acquisitions and strategic investments, including CO2 storage, to sustain cash-generative production and enhance its portfolio.
More about Harbour Energy
Harbour Energy is a global oil and gas company focused on creating value through cashflow and shareholder distributions. The company has a diverse portfolio and is involved in strategic investments and acquisitions, with a significant presence in regions such as Norway, Argentina, and Mexico.
YTD Price Performance: -16.21%
Average Trading Volume: 2,178,369
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: £3.59B
Find detailed analytics on HBR stock on TipRanks’ Stock Analysis page.