The earnings call indicates a strong operational and financial performance in the first half of 2025, with significant production increase, improved cash flow, and cost management. However, challenges remain in safety performance and workforce adjustments in the U.K., along with some financial impacts from foreign exchange losses and impairments.

Company Guidance

During the Harbour Energy 2025 Half Year Results call, CEO Linda Zarda Cook and CFO Alexander Krane reported robust operational and financial performance, driven by the Wintershall Dea acquisition and resulting in significant gains in scale and resilience. The company's production increased nearly threefold to 488,000 barrels per day compared to the previous year, with production efficiency remaining strong. Harbour Energy's financial position improved with a reduction in net debt and an upward revision of the full-year cash flow outlook to $1 billion. Shareholder distributions for 2025 are anticipated to reach $550 million, supported by an interim dividend and a new $100 million share buyback. The company's unit operating costs dropped by over 30% to $12.40 per barrel, and CapEx guidance is expected to be between $2.4 billion and $2.5 billion, with significant investments in Norway, the U.K., and Argentina. Harbour Energy also announced a reduction in its full-year OpEx guidance to $13.50 per barrel following its exit from Vietnam. The integration of Wintershall Dea assets is progressing well, with key milestones achieved, including the transition of IT systems. The company continues to focus on long-term growth projects in Mexico, Argentina, and Indonesia, aiming to sustain production and cash flow into the next decade.

Production Increase

Production in the first half was at 488,000 barrels per day, almost 3x where it was a year ago.

Financial Strength and Shareholder Returns

Improved cash flow outlook for the year to $1 billion, $100 million share buyback announced, and total shareholder distributions for 2025 expected to be $550 million.

Operational Efficiency

Unit operating costs reduced by more than 30% to $12.40 per barrel, reflecting strong production volumes and cost focus.

Debt Reduction

Net debt reduced and maturities addressed, with improved leverage down to 0.5x.

Strong Cash Flow and Earnings

Operating cash flow was $3.8 billion, with free cash flow generation of $1.36 billion for the first half.

Successful Cost Management

CapEx on a per barrel basis down 33% compared to the first half of 2024.

Harbour Energy (GB:HBR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

GB:HBR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 05, 2026	2025 (Q4)	0.10 / -	-0.222	―	―	―
Aug 07, 2025	2025 (Q2)	<0.01 / 0.16	0.059	175.00% (+0.10)	―	―
Mar 06, 2025	2024 (Q4)	-0.04 / -0.22	0.037	-700.00% (-0.26)	―	―
Aug 08, 2024	2024 (Q2)	0.16 / 0.06	>-0.001	8100.00% (+0.06)	―	―
Mar 07, 2024	2023 (Q4)	0.00 / 0.04	-0.774	104.77% (+0.81)	―	―
Aug 24, 2023	2023 (Q2)	0.09 / >-0.01	0.781	-100.09% (-0.78)	―	―
Mar 09, 2023	2022 (Q4)	0.06 / -0.77	0.009	-8833.33% (-0.78)	―	―
Aug 25, 2022	2022 (Q2)	0.45 / 0.78	0.078	897.17% (+0.70)	―	―
Mar 17, 2022	2021 (Q4)	- / 0.01	-10.447	100.11% (+10.46)	―	―
Sep 23, 2021	2021 (Q2)	- / 0.08	-11.658	100.67% (+11.74)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GB:HBR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	195.85p	213.31p	+8.91%
Mar 06, 2025	192.15p	170.06p	-11.50%
Aug 08, 2024	246.42p	255.00p	+3.48%
Mar 07, 2024	228.36p	225.52p	-1.24%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Harbour Energy (GB:HBR) report earnings?

Harbour Energy (GB:HBR) is schdueled to report earning on Mar 05, 2026, TBA (Confirmed).

What is Harbour Energy (GB:HBR) earnings time?

Harbour Energy (GB:HBR) earnings time is at Mar 05, 2026, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Harbour Energy stock?

The P/E ratio of Harbour Energy is N/A.

What is GB:HBR EPS forecast?

GB:HBR EPS forecast for the fiscal quarter 2025 (Q4) is 0.1.

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