Harbour Energy Provides Capital Markets Update
Why we think this is neutral
The RNS appears to be a general capital markets update from Harbour Energy, providing guidance on production, costs, capex, free cash flow, dividends, and debt reduction for the 2025-2027 period. As it does not contain any material financial information or updates, the sentiment is neutral.
Key Points
- Production to average around 450 kboepd
- Stable operating costs of less than $15/boe
- Total annual capex of less than $2.0 billion in 2026 and 2027
- Material free cash flow generation of c.$2.0-4.0 billion
- Competitive annual dividend of $455 million
- $0.5-1.0 billion of debt reduction
- Potential for additional shareholder returns via share buybacks
Summary
The oil and gas company updates investors on its strategy, including production, costs, capex, cash flow, dividends, and debt reduction targets for the next few years.
Harbour Energy provided a capital markets update, outlining its expectations for the 2025 to 2027 timeframe. Key highlights include:
- Production to average around 450 kboepd
- Stable operating costs of less than $15/boe
- Total annual capex of less than $2.0 billion in 2026 and 2027
- Material free cash flow generation of c.$2.0-4.0 billion
- Competitive annual dividend of $455 million
- $0.5-1.0 billion of debt reduction
- Potential for additional shareholder returns via share buybacks
Key Dates
Early 2025
Harbour Energy to provide capital markets update
2026
Harbour Energy to provide capital markets update
2027
Harbour Energy to provide capital markets update
GENERAL UPDATE