Harbour Energy announced strong unaudited half-year results for the period ending June 30, 2025, driven by a successful operational execution and the benefits of its recent Wintershall Dea asset portfolio acquisition. The company has upgraded its full-year free cash flow outlook to approximately $1 billion, up from the previous $0.9 billion.
The company increased revenue and other income to $5.3 billion, compared to $1.9 billion in H1 2024, and Earnings before interest, taxes, depreciation and amortization (EBITDAX) to $3.9 billion, compared to $1.2 billion in H1 2024.
Furthermore, Harbour Energy reported a significant increase in free cash flow to $1.36 billion and a reduction in net debt to $3.8 billion. The company’s diversified production increased to 488,000 barrels of oil equivalent per day (boe/d).
Habour energy saw a reduction in unit operating costs. Moreover, the company reported new wells coming on-stream in Norway, Argentina, and the UK.
“Through the integration of the Wintershall Dea portfolio, and in the midst of market volatility, we took decisive action to strengthen our margins, high-grade our capital program and accelerate cost initiatives. These steps, along with the strong results from the first half, have enabled us to upgrade our free cash flow outlook for the year. In addition, we improved our financial position by addressing near-term bond maturities and reducing net debt,” Linda Z Cook, Harbour Energy CEO, commented.
“As a result, we remain confident in our ability to deliver on our capital allocation priorities. These include further debt reduction and additional shareholder returns via share buybacks, as demonstrated by the new $100 million buyback program announced today,” Cook noted.
Harbour Energy is now one of the world’s largest independent oil and gas companies, with operations across Europe, Latin America, North Africa, and Southeast Asia.
“From our platform to LinkedIn’s energy professionals – your announcements reach the entire sector’s network, not just our readers.”
