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Harbour Energy
(LSE:HBR)
Harbour Energy (HBR) vs. iShares MSCI United Kingdom ETF (EWC)
Harbour Energy Business Overview & Revenue Model
Harbour Energy Earnings Call Summary
Harbour Energy Financial Statement Overview
| Breakdown | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 3.71B | 5.43B | 3.62B | 2.41B | 2.36B | Gross Profit |
| 1.36B | 2.59B | 1.16B | 566.40M | 841.29M | EBIT |
| 913.00M | 2.46B | 593.40M | -350.30M | 740.11M | EBITDA |
| 2.29B | 3.70B | 2.20B | 546.10M | 1.65B | Net Income Common Stockholders |
| 32.00M | 8.00M | 101.10M | -778.40M | 164.30M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 280.00M | 524.00M | 702.00M | 445.40M | 573.18M | Total Assets |
| 9.90B | 12.57B | 14.50B | 9.48B | 11.33B | Total Debt |
| 1.18B | 2.06B | 3.54B | 2.32B | 2.97B | Net Debt |
| 902.00M | 1.56B | 2.84B | 1.88B | 2.39B | Total Liabilities |
| 8.36B | 11.54B | 14.03B | 8.42B | 9.42B | Stockholders Equity |
| 1.54B | 1.02B | 473.50M | 1.07B | 1.91B |
| Cash Flow | Free Cash Flow | |||
| 1.34B | 2.52B | 1.00B | 775.30M | 988.38M | Operating Cash Flow |
| 2.14B | 3.13B | 1.61B | 1.37B | 1.52B | Investing Cash Flow |
| -693.00M | -628.60M | -571.00M | -603.20M | -2.78B | Financing Cash Flow |
| -1.67B | -2.67B | -787.20M | -899.40M | 1.51B |
Harbour Energy Technical Analysis
Harbour Energy Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | £1.17B | 8.65 | 9.56% | 4.98% | 89.44% | 540.95% | |
79 Outperform | £1.58B | 10.71 | 17.50% | 10.82% | -9.80% | -1.98% | |
74 Outperform | £565.17M | 7.74 | 11.29% | 15.99% | -9.79% | -46.17% | |
69 Neutral | £2.15B | 12.61 | 5.54% | 13.03% | -16.96% | -34.52% | |
62 Neutral | £2.90B | 21.62 | -2.87% | 11.69% | 29.33% | ― | |
61 Neutral | £819.48M | ― | -16.60% | 13.16% | -11.09% | -110.76% | |
57 Neutral | $7.06B | 3.04 | -3.49% | 5.80% | 0.53% | -50.39% |
Harbour Energy Corporate Events
Harbour Energy announced that Belgacem Chariag, an Independent Non-Executive Director, has acquired 20,000 ordinary shares of the company at a price of 178.255 pence each. This transaction signifies a personal investment by a key company figure, potentially indicating confidence in the company’s future performance and stability, which may positively influence stakeholder perceptions.
The most recent analyst rating on (GB:HBR) stock is a Buy with a £400.00 price target. To see the full list of analyst forecasts on Harbour Energy stock, see the GB:HBR Stock Forecast page.
Harbour Energy has announced the granting of share awards under its 2025 Long Term Incentive Plan to its Executive Directors, Linda Z. Cook and Alexander Krane. These awards, which include Performance Share Awards and Restricted Share Awards, are contingent on meeting specific performance criteria over a three-year period. Additionally, a one-off award was granted to Alexander Krane in recognition of his contributions since the company’s formation. These awards are part of Harbour’s strategy to align executive incentives with company performance and shareholder interests, potentially impacting the company’s operational focus and stakeholder engagement.
The most recent analyst rating on (GB:HBR) stock is a Buy with a £400.00 price target. To see the full list of analyst forecasts on Harbour Energy stock, see the GB:HBR Stock Forecast page.
Harbour Energy PLC held its Annual General Meeting on May 8, 2025, where all proposed resolutions were approved by shareholders. Notably, Louise Hough was appointed to the Nomination Committee following Andy Hopwood’s departure. While most resolutions received strong support, the Directors’ Remuneration Policy received slightly less than 80% approval, prompting the company to plan further shareholder engagement to address concerns. The company will provide updates on shareholder feedback and actions taken in response within six months, in accordance with the UK Corporate Governance Code.
Harbour Energy reported a strong first quarter in 2025, with production averaging 500 kboepd due to the integration of Wintershall Dea assets and improved operational efficiency. The company generated significant free cash flow of approximately $0.7 billion, supported by improved European gas prices and reduced unit costs. Harbour Energy’s diverse portfolio and prudent risk management have allowed it to navigate market volatility effectively. The company has issued $1.9 billion in bonds to strengthen its financial position and reduce net debt by $0.5 billion. Despite challenging domestic fiscal and regulatory environments, Harbour Energy remains well-positioned to meet its capital allocation priorities, with potential for additional shareholder returns.
Harbour Energy, along with its partners, has made a Final Investment Decision for the Southern Energy FLNG export project in Argentina, marking a significant step in the country’s LNG sector. The project, benefiting from investment incentives under Argentina’s RIGI legislation, aims to start production by the end of 2027, enhancing Harbour’s access to global natural gas markets.
Harbour Energy PLC announced the pricing of a €900 million perpetual guaranteed subordinated resettable fixed rate notes offering through its subsidiary, Wintershall Dea Finance 2 B.V. The proceeds from this offering will be used to finance the purchase of existing notes, repay existing debt, and cover general corporate expenses. This strategic financial move is expected to strengthen Harbour’s financial position and provide flexibility in managing its debt obligations, potentially impacting its market standing and offering implications for its stakeholders.
Harbour Energy has announced a proposed final dividend of $227.5 million, equivalent to 13.19 US cents per share, for the year ending December 31, 2024, pending shareholder approval. If approved, the dividend will be paid in GBP Sterling on May 21, 2025, with an exchange rate of 1.3087, translating to 10.0787 pence per share. A dividend reinvestment plan is available for shareholders, with an election deadline of April 29, 2025.
Harbour Energy PLC announced that Letterone Investment Holdings S.A., a Luxembourg-based entity, has crossed a significant threshold in acquiring voting rights in the company, now holding 3.3143% of the voting rights. This acquisition could potentially impact Harbour Energy’s corporate governance and strategic decisions, reflecting a shift in shareholder dynamics that stakeholders should monitor closely.
Harbour Energy has announced the grant of Deferred Bonus Awards to its Executive Directors under the 2017 Long Term Incentive Plan. Linda Z. Cook and Alexander Krane received awards representing 25% and 50% of their 2024 Annual Bonuses, respectively, which will vest in three years, reflecting the company’s ongoing commitment to aligning executive compensation with long-term shareholder value.
Harbour Energy announced the vesting of Deferred Bonus Awards for its executives, Linda Z. Cook and Alexander Krane, under the 2017 Long Term Incentive Plan. The awards, granted in March 2022, were subject to a three-year deferral period and have now vested, with shares released to cover tax liabilities and the remainder retained by the executives. This move reflects Harbour Energy’s commitment to aligning executive compensation with long-term company performance, potentially impacting stakeholder confidence and market perception positively.
Harbour Energy has published its 2024 Annual Report and the notice for its 2025 Annual General Meeting, which will be held on May 8, 2025. The documents, available on the company’s website and submitted to the Financial Conduct Authority, include details on the company’s principal risks, directors’ responsibilities, and related party transactions, reflecting its commitment to transparency and regulatory compliance.
Harbour Energy has announced the pricing of a $900 million offering of 6.327% senior notes due 2035. The proceeds from this offering will be used to finance the purchase of its outstanding 5.5% Senior Notes due 2026, repay existing debt, and cover general corporate purposes and related costs. This strategic financial move is expected to enhance Harbour’s financial flexibility and support its ongoing operations.
Harbour Energy plc announced a transaction involving the sale of ordinary shares by EIG Asset Management, LLC, a person closely associated with R. Blair Thomas, the Chairman of Harbour Energy. The transaction involved the sale of 19,925 shares at a price of GBP 2.06 each, totaling GBP 41,045.50, conducted on 21 March 2025. This sale could impact the company’s stock market performance and stakeholder perceptions regarding the company’s financial strategies.
Harbour Energy plc announced a transaction involving the sale of 6,653,009 ordinary shares by EIG Separate Investments (Cayman) LP, a person closely associated with the company’s Chairman, R. Blair Thomas. The shares were sold at a price of GBP 2.06 each, amounting to a total of GBP 13,705,198.54. This transaction may impact the company’s shareholder structure and could have implications for its market positioning and stakeholder interests.
Harbour Energy announced that Alan Ferguson, an Independent Non-Executive Director, has acquired 21,436 ordinary shares of the company at an average price of 186.59 pence per share. This transaction increases Ferguson’s direct interest in the company to 45,639 ordinary shares, representing 0.003% of the company’s issued share capital. This purchase reflects a vote of confidence in the company’s future prospects and may positively influence stakeholder perceptions.
Harbour Energy announced that its CEO, Linda Z. Cook, has purchased 75,000 ordinary shares of the company at an average price of 189.1446 pence per share. This purchase increases Cook’s total shareholding to 8,950,490 shares, representing 0.62% of the company’s issued share capital, signaling confidence in the company’s future prospects.
Harbour Energy reported a transformative year in 2024, marked by the acquisition of Wintershall Dea, which significantly increased production and reserves. Despite a loss after tax due to high effective tax rates, the company achieved substantial revenue growth and maintained strong operational performance. Looking ahead to 2025, Harbour Energy anticipates further production increases and reduced operating costs, with a focus on maximizing asset value and maintaining safety standards.
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.
Harbour Energy plc has announced its total voting rights as of 28 February 2025, with an issued share capital consisting of 1,440,116,191 Ordinary Shares with voting rights. This figure is significant for shareholders as it serves as the denominator for calculating their interest in the company’s share capital under the FCA’s Disclosure and Transparency Rules.