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Harbour Energy (GB:HBR)
LSE:HBR
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-3.87Last Year’s EPS
6.18Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 06, 2025
|% Change Since: -3.08%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment overall, with significant achievements in portfolio transformation, financial performance, and operational efficiency outweighing challenges such as high tax rates and UK market uncertainties.Company Guidance
During the call, Harbour Energy provided key financial and operational metrics for the fiscal year 2024, revealing a transformative year marked by the Wintershall Dea acquisition. The company increased its production to 258,000 barrels of oil equivalent per day, with projections to average 500,000 barrels in Q4 2024. Revenues and EBITDAX rose to $6 billion and $4 billion, respectively, representing a 65% and 50% increase. The acquisition contributed approximately $2 billion to EBITDAX, highlighted by investment-grade credit ratings achieved post-acquisition. Operating costs were stable at $16.50 per BOE, and capital expenditure increased to $1.8 billion from $1 billion in the previous year. The company also realized improved pricing for its commodities, with European gas at $11 per Mcf and crude oil at $82 per barrel post-hedging. For 2025, Harbour expects to maintain production between 450,000 to 475,000 barrels per day, with plans to reduce unit operating costs by 15% and generate substantial free cash flow. The company's net debt rose to $4.7 billion, with intentions to reduce leverage and position for potential shareholder distributions.Transformational Acquisition of WintershallDea
The acquisition has tripled reserves and resources, increased production to 258,000 barrels of oil equivalent per day, and is expected to further enhance production to 500,000 barrels per day by the end of 2024.
Strong Financial Performance
Revenue increased to approximately $6 billion and EBITDAX to $4 billion, up 65% and 50% respectively. Investment-grade credit ratings were achieved.
Operational Efficiency and Cost Management
Operating costs were stable at $16.50 per BOE, with expectations of a 15% reduction in unit operating costs in the upcoming year.
Diverse and Sustainable Portfolio
Harbour Energy's portfolio now includes a mix of crude, European gas, and international gas, enhancing geographic and revenue stream diversification.
Successful Exploration and Development
Significant exploration success in the UK, Norway, Mexico, and Indonesia, adding to a 2C resource base of 1.9 billion barrels of oil equivalent.
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GB:HBR Earnings History
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
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GB:HBR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 06, 2025 | 214.00p | 189.40p | -11.50% |
| Aug 08, 2024 | 274.40p | 283.96p | +3.48% |
| Mar 07, 2024 | 254.29p | 251.13p | -1.24% |
| Aug 24, 2023 | 216.37p | 206.70p | -4.47% |
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.
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FAQ
When does Harbour Energy (GB:HBR) report earnings?
Harbour Energy (GB:HBR) is schdueled to report earning on Aug 07, 2025, TBA Not Confirmed.
What is Harbour Energy (GB:HBR) earnings time?
Harbour Energy (GB:HBR) earnings time is at Aug 07, 2025, TBA Not 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 (Q2) is -3.87.
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