Harbour Energy plc (GB:HBR) has released an update.
Harbour Energy plc reports a first quarter operational update with production averaging 172 kboepd, a slight decrease from the previous year, while maintaining its full year production guidance and operating cost forecast. Financially, the company shows robustness with estimated revenue of about $0.9 billion and a reduced net debt, positioning itself for a marginally positive free cash flow in 2024. Key progress includes the anticipated acquisition of Wintershall Dea’s asset portfolio, expected to complete in Q4 2024, which is set to transform Harbour’s portfolio and bolster shareholder returns.
For further insights into GB:HBR stock, check out TipRanks’ Stock Analysis page.
