Added to YB: 2026-03-10
Pitch date: 2026-03-06
HBR.L [neutral]
Harbour Energy plc
-5.2%
current return
Author Info
No bio for this author
Company Info
Harbour Energy plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and gas reserves in Norway, the United Kingdom, Germany, Mexico, Argentina, North Africa, and Southeast Asia.
Market Cap
GBP 7.0B
Pitch Price
GBP 2.96
Price Target
N/A
Dividend
5.50%
EV/EBITDA
2.05
P/E
-25.13
EV/Sales
1.36
Sector
Oil, Gas and Consumable Fuels
Category
turnaround
Theodosian Capital | Stocks Update 6/3/2026 - HBR – FY results reflect transformed scale
HBR.L (update): FY25 production +84% to 474kboepd, EBITDA $7bn vs $4bn, FCF $1.1bn on Wintershall integration. OpEx -22% to $12.8/boe. New distributions policy: 45-75% FCF returned (base div 16.10c/$300M). 2026 guide: 475-500kboepd production, $0.6bn FCF at $65 Brent/$11 gas; stepping to $1bn FCF by 2028. Closed $3.2bn LLOG acquisition (US Gulf deepwater). Leverage >1x until 2028. +46% YTD but author prefers stability before adding; not expensive at 2.3x 2027 EV/EBITDA.
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