The operational results of Harbour Energy showed a growth and diversification in production, reaching 473,000 barrels of oil equivalent (boe/d) during the first nine months of 2025, compared to 177,000 boe/d in the same period of 2024. The company explained that production is broadly split 40% liquids, 40% European gas and 20% other gas.
In addition, the company recorded an increase in revenues during the period of $7.6 billion, versus $3.1 billion in the first nine months of 2024.
According to the results, the unit operating costs declined 30% to $13 per barrel, compared to $19 per barrel, noting that the guidance of the year is affirmed at $13.5 per barrel.
Harbour Energy stated that Standard & Poors (S&P), the leading U.S-based provider of credit ratings, confirmed the company’s investment grade credit rating BBB-, with a stable outlook in September. Also credit rating agencies Moody’s and Fitch reconfirmed investment grade credit ratings of Baa2 and BBB- respectively with stable outlook in March.
Harbour Energy reiterated 2025 free cash flow outlook of $1 billion, reflecting continued strong operational performance and improved working capital management.
Harbour Energy is the largest independent oil and gas producer in the United Kingdom, headquartered in London. Founded in 2021 through the merger of Chrysaor and Premier Oil, the company operates a diversified portfolio of upstream assets in the UK North Sea and internationally, including interests in Southeast Asia, Mexico, and Norway.
