Harbour Energy plc (HBR.L) Thursday reported revenue of about $6.1 billion for the full year, significantly higher than $3.7 billion in the previous year, driven by increased production.
Earnings before interest, depreciation, amortization, and exploration or EBIDAX increased to nearly $4.1 billion from $2.7 billion a year ago.
The company noted that its pre- and post-tax income are expected to be impacted by non-cash accounting charges mainly driven by adverse changes to the UK fiscal regime.
Harbour sees capital expenditure of approximately $1.8 billion pounds for the year, higher than $1 billion pounds last year, in line with guidance.
Additionally, the company expects to pay $455 million in total dividends, including $227.5 million final dividend for 2024 and $227.5 million 2025 interim dividend.
For 2025, Harbour sees production of 450-475 kboepd, significantly higher than in 2024, reflecting a full year's contribution from the Wintershall Dea portfolio and broadly stable production in the UK.
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