Harbour Energy Raises 2026 Outlook Again on Record Output

Harbour Energy upgraded its 2026 production and free cash flow outlook for the third time this year on Thursday, and announced a further $150 million share buyback as record output and higher commodity prices boost returns.

The company, one of the largest producers in the British section of the North Sea, raised its full-year production guidance to 500 to 505 thousand barrels of oil equivalent per day (kboepd) from 490 to 500 kboepd.

It now expects full-year free cash flow of about $2.6 billion, against its previous $1.8 billion target.

Oil and gas producers including Harbour have benefited this year from higher Brent crude and European gas prices following the Iran war.

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