Article

Harbour Energy reported an average production of 474 kboepd for the year ending December 31, 2025, an 84% increase from 2024, attributed to contributions from Wintershall Dea and operational efficiencies. The production mix included approximately 40% liquids, 40% European gas, and 20% other gas.

Unit operating costs decreased to $13.0/boe. The company achieved a total revenue of $10.3 billion and EBITDAX of approximately $7.1 billion, reflecting a 66% and 78% increase respectively over 2024. Harbour forecasts 2026 production between 435,000 to 455,000 boepd, lower than 2025 due to planned asset sales and the acquisition of LLOG.

The financial outlook includes a free cash flow of approximately $0.6 billion for 2026, based on current commodity prices. Harbour has advanced carbon capture projects in Denmark and completed the integration of Wintershall Dea assets.