Hartshead Resources NL (HHR) AI Stock Analysis

• Market Cap: AU$36.51M
• Dividend Yield: N/A
• Average Volume (3M): N/A
• Price to Earnings (P/E): ―
• Beta (1Y): 0.82
• Revenue Growth: N/A
• EPS Growth: 20.00%
• Country: AU
• Employees: N/A
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 0.00
• Shares Outstanding: 2,808,682,100
• 10 Day Avg. Volume: N/A
• 30 Day Avg. Volume: N/A
• PEG Ratio: 0.43
• Price to Book (P/B): 0.58
• Price to Sales (P/S): 9.09
• P/FCF Ratio: -2.66
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: $0.01 ▲(30.00% Upside)

Overall score is weighed down primarily by weak financial performance—declining revenue, ongoing losses, and significant cash burn—despite the mitigating factor of a conservative, debt-free balance sheet. Limited technical data and a negative P/E with no stated dividend provide little support to the score.

Positive Factors

Debt-Free Balance Sheet

A debt-free balance sheet reduces financial risk and refinancing pressure, providing stability and flexibility for future investments.

Regulatory Extension

The extension allows more time to complete necessary work, mitigating risks from delays and supporting long-term project viability.

Strategic Partnership

This partnership reduces capital expenditure and financial burden, enabling the company to focus on advancing its gas development projects.

Negative Factors

Revenue Contraction

Significant revenue decline indicates challenges in market positioning and operational execution, impacting long-term growth prospects.

Negative Cash Flow

Persistent negative cash flow suggests ongoing funding needs and potential liquidity issues, limiting operational flexibility.

Ongoing Losses

Continued net losses reflect operational inefficiencies and may hinder the company's ability to achieve sustainable profitability.

Hartshead Resources NL Business Overview & Revenue Model

Company Description

Hartshead Resources NL (HHR) is an energy company focused on the exploration and development of oil and gas resources. Operating primarily in the United Kingdom's Southern North Sea, HHR engages in hydrocarbon exploration activities. The company aims to identify and develop energy resources to contribute to the energy supply chain.

How the Company Makes Money

Hartshead Resources NL generates revenue primarily through the exploration, development, and potential sale of oil and gas resources. The company's key revenue streams include the extraction and sale of hydrocarbon products, such as crude oil and natural gas. Additionally, HHR may form strategic partnerships or joint ventures with other energy companies to enhance its exploration capabilities and share operational risks and costs. These partnerships can contribute to HHR's earnings through shared production and revenue agreements.

Hartshead Resources NL Financial Statement Overview

Summary

Hartshead Resources NL is facing challenges with revenue generation and profitability, as indicated by negative net income and EBIT margins. The balance sheet is robust with no debt, offering financial stability, but negative cash flows are a concern. To improve financial health, the company must focus on sustainable revenue growth and operational efficiencies.

Income Statement

The company has seen a decline in total revenue from 2023 to 2024, which is concerning. Gross profit margin remains strong at around 91.3% in 2024, but the net profit margin is negative due to net losses. EBIT and EBITDA margins are also negative, indicating the company is struggling with profitability. Historical revenue growth has been volatile, typical for the industry.

Balance Sheet

The debt-to-equity ratio is favorable at 0, indicating no financial leverage, which is a strength. However, return on equity is negative due to net losses, which is a concern. The equity ratio is high at about 91.7%, suggesting a strong capital structure with substantial equity backing assets.

Cash Flow

Free cash flow remains negative, but the company has improved its capital expenditure management. There is no free cash flow growth, but the operating cash flow to net income ratio suggests potential for improvement if operational efficiencies are realized. The company needs to address negative free cash flows to enhance financial stability.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.15M	2.15M	4.68M	8.13M	0.00	0.00
Gross Profit	2.04M	2.04M	4.28M	-14.36K	-9.40K	-4.15K
EBITDA	-2.51M	-2.51M	-3.19M	1.53M	-3.62M	-6.01M
Net Income	-2.26M	-2.26M	-2.70M	1.52M	-3.67M	-6.01M
Balance Sheet
Total Assets	34.98M	34.98M	36.39M	38.32M	4.78M	7.64M
Cash, Cash Equivalents and Short-Term Investments	15.76M	15.76M	23.96M	32.88M	2.50M	6.90M
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	1.45M	1.45M	3.01M	2.80M	869.83K	872.24K
Stockholders Equity	33.53M	33.53M	33.38M	35.52M	3.91M	6.77M
Cash Flow
Free Cash Flow	-7.35M	-7.35M	-9.00M	-11.92M	-4.38M	-1.76M
Operating Cash Flow	-3.11M	-3.11M	-497.18K	-4.18M	-2.98M	-1.31M
Investing Cash Flow	-6.21M	-6.13M	-8.50M	5.40M	-1.40M	536.62K
Financing Cash Flow	0.00	0.00	0.00	29.15M	0.00	7.52M

Hartshead Resources NL Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
OEL	52 Neutral	AU$21.58M	43.33	2.14%	―	-22.76%	―
EMP	51 Neutral	AU$91.35M	-61.11	-13.64%	―	―	30.77%
GRV	50 Neutral	AU$24.12M	-14.64	-14.62%	―	―	58.82%
FZR	49 Neutral	AU$16.73M	-62.00	-6.43%	16.82%	―	-257.14%
ADX	48 Neutral	AU$19.46M	-1.71	-59.58%	―	4.41%	-49.06%
HHR	46 Neutral	AU$36.51M	-16.25	-6.62%	―	―	20.00%

Hartshead Resources NL Corporate Events

Harvest Lane Lifts Stake in Hartshead Resources to Just Over 6%

Harvest Lane Asset Management and its associated entities have increased their shareholding in Hartshead Resources NL, raising their interest from 5.03% to 6.09% of the company’s ordinary shares, based on 2,808,682,127 shares on issue. The move consolidates Harvest Lane’s position as a substantial shareholder and signals growing institutional interest in Hartshead Resources, a development that may influence future voting dynamics and governance outcomes for existing investors.

The most recent analyst rating on (AU:HHR) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on Hartshead Resources NL stock, see the AU:HHR Stock Forecast page.

Hartshead Resources Agrees A$40m All-Cash Takeover by ACAM

Hartshead Resources NL has agreed a binding scheme of arrangement under which ACAM GP Limited, as general partner of ACAM LP, will acquire 100% of the company in an all-cash transaction valuing Hartshead’s fully diluted equity at about A$40 million. Under the deal, shareholders will receive A$0.014 per fully paid share and A$0.0007 per partly paid share, representing a 133% premium to the last closing price and a 114% premium to the 30-day VWAP, with the board unanimously recommending the proposal and committing its 10.27% voting stake, citing the certainty of value and liquidity versus the significant regulatory, funding and execution risks associated with developing its UK Southern Gas Basin assets; subject to shareholder and court approvals and other conditions, completion is expected in the first half of 2026.

Hartshead Resources Secures Two-Year Extension for North Sea Licence

Hartshead Resources NL has received a two-year extension for Phase C of its UKCS Licence No. P2607 from the North Sea Transition Authority. This extension, granted due to delays in environmental permitting and supply chain constraints, allows the company to complete its work programme by November 2027, impacting the timeline for subsequent phases.

Hartshead Resources NL Secures Shareholder Approval for Key Resolutions

Hartshead Resources NL announced that all resolutions proposed at its annual general meeting were approved by shareholders. This includes the adoption of the remuneration report, the re-election of Mr. Chris Lewis as a director, and the approval of a 10% placement facility, reflecting strong shareholder support and potentially enhancing the company’s strategic flexibility.

Hartshead Resources Secures Funding for UK Gas Development

Hartshead Resources NL has entered into a Well Carry Agreement with RockRose Energy, which will fund 100% of Hartshead’s share of the Phase C Well Work Costs, reducing Hartshead’s interest in the P2607 Joint Venture from 40% to 35%. This agreement allows Hartshead to preserve its capital while continuing to advance its gas development projects, supported by a strong market demand in the UK and Europe. The company is also exploring innovative funding arrangements to optimize project cashflows and unlock greater shareholder value, while engaging with political stakeholders to foster a supportive regulatory environment.