Added to YB: 2026-05-12
Pitch date: 2026-05-08
HBR.L [neutral]
Harbour Energy plc
+0.57%
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 6.9B
Pitch Price
GBP 2.80
Price Target
N/A
Dividend
5.58%
EV/EBITDA
2.00
P/E
-24.75
EV/Sales
1.35
Sector
Oil, Gas and Consumable Fuels
Category
value
Theodosian Capital | Stocks Update 8/5/2026 - HBR – Trading update; winning from higher fuel prices
HBR.L (holding update): Q1 production 506kboepd (+1% YoY) w/ LLOG contribution; opex improved to $12.8/boe from $13. Rev $3bn (+7% YoY) on pricing; FCF $0.7bn flat YoY. Net debt $6.3bn post-$2.7bn LLOG close; repaid $240M Oct-26 bond + RCF. FY guide raised to 480-500kboepd; $1.4bn FCF at $80 oil/$13 gas (was $0.6bn), $0.8bn to delever. Trades 7.9x 2027E EPS, 6.4% yield. Energy shock aids fast delevering.
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