)
Harbour Energy (HBR) investor relations material
Harbour Energy Q1 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Completed strategic LLOG acquisition in February 2026, enhancing resilience and free cash flow growth through 2030.
Portfolio reshaped with SE Asia exits, entry into US offshore, and focus on five key countries: Norway, UK, Argentina, Mexico, and US, now accounting for 90% of the portfolio.
Q1 2026 saw strong operational delivery and reliability, with production reaching 506 kboepd, up from 500 kboepd year-over-year, and April at 520 kboepd.
Advanced multiple new projects and wells across the US, Norway, Argentina, and Egypt.
Investment grade credit ratings confirmed, with improved free cash flow outlook and potential for material debt reduction and shareholder returns.
Financial highlights
Q1 2026 production: 506 kboepd (Q1 2025: 500 kboepd); April 2026: 520 kboepd.
Q1 2026 revenue reached $3.0 billion, up from $2.8 billion in Q1 2025.
Q1 2026 operating cost: $12.8/boe (Q1 2025: $13/boe).
Q1 2026 realised oil price: $79/bbl pre-hedge, $76/bbl post-hedge; EU gas: $14.7–14.8/mscf.
2026 free cash flow outlook increased to $1.4bn at $80/bbl and $13/mscf, more than doubling previous guidance.
Outlook and guidance
2026 production guidance raised to 480–500 kboepd (previously 475–500 kboepd).
Operating cost guidance maintained at ~$14.5/boe.
Capex guidance for 2026: $2.2–2.4bn; $2.0–2.3bn p.a. from 2027.
2026 FCF payout policy: 45–75% of annual free cash flow, with $600m distributions at low end.
Shareholder distributions for 2026 expected at ~$0.6bn, with ~$0.8bn for debt reduction.
- Production up 84% to 474,000 barrels per day and free cash flow hit $1.1bn, driven by acquisitions.HBR
Q4 20255 Mar 2026 - $1.9bn revenue, $57m profit, 159 kboepd, and major acquisition to drive growth.HBR
H1 20242 Feb 2026 - Production up 84% in 2025, boosting free cash flow and setting up for further growth.HBR
Q4 2025 TU22 Jan 2026 - $3.2B deal doubles Gulf production, boosts reserves and free cash flow, but adds risk.HBR
M&A Announcement22 Dec 2025 - Wintershall Dea acquisition tripled reserves and drove a 40% production and 65% revenue increase.HBR
H2 202411 Dec 2025 - Production and free cash flow surged, with $555m in 2025 shareholder distributions planned.HBR
H1 202523 Nov 2025 - Q1–Q3 2025 delivered 473 kboepd, $1.2bn free cash flow, and a 55% payout ratio.HBR
Q3 2025 TU6 Nov 2025 - Production surges post-acquisition, with higher guidance and increased dividend for 2024.HBR
Trading Update13 Jun 2025 - Q1 2025 saw record production, robust cash flow, and an upgraded outlook for Harbour Energy.HBR
Trading Update6 Jun 2025
Next Harbour Energy earnings date
Next Harbour Energy earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Explore our global coverage
)
)