Harbour Energy ups output guide and backs free cash flow view
Harbour Energy PLC on Thursday hailed a ‘strong performance’ year-to-date, and it lifted the bottom end of its output forecast.
The oil and gas firm, with operations across Europe, Latin America, North Africa and Southeast Asia, backed its free cash flow outlook of $1 billion, despite a ‘softer commodity price environment’.
In the nine months ended September 30, production improved to 473,000 barrels of oil equivalent per day, from 177,000 a year prior.
It now expects annual output between 465,000-475,000 boepd, the bottom end of the range lifted from 460,000.
‘We also made good progress across our strategic projects including at Zama and Kan in Mexico and Southern Energy LNG in Argentina, underpinning longer term material production and cash flow,’ Chief Executive Officer Linda Cook commented.
Shares in the company rose 1.7% to 234.20 pence each in London on Thursday morning.
Copyright 2025 Alliance News Ltd. All Rights Reserved.