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Harbour Energy ( (GB:HBR) ) has shared an announcement.
Harbour Energy reported a transformative year in 2024 following the acquisition of Wintershall Dea’s asset portfolio, which led to a 40% increase in production, improved margins, and diversified reserves. The company successfully advanced several projects across its international portfolio, including in the UK, Argentina, and Indonesia, and made substantial revenue gains, although its financial performance was impacted by non-cash accounting charges due to changes in the UK fiscal regime. Looking forward, Harbour Energy projects increased production and reduced costs for 2025, driven by a full year’s contribution from Wintershall Dea assets, and plans to continue its strategic capital allocation, including exiting non-core assets like its Vietnam business.
More about Harbour Energy
Harbour Energy is an oil and gas company engaged in exploration, production, and development activities. The company focuses on diverse geographical markets, including Europe, the UK, Norway, Argentina, Mexico, North Africa, and Southeast Asia. Harbour Energy’s portfolio includes interests in conventional and unconventional oil and gas assets and its recent acquisition of Wintershall Dea assets significantly increased its production and resource base.
YTD Price Performance: 13.63%
Average Trading Volume: 1,553,050
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £4.89B
See more insights into HBR stock on TipRanks’ Stock Analysis page.
