Harbour Energy, an independent energy company, generated $6.4 billion in revenue during the six months ending June 30, representing a 20% increase compared to the same period of 2025.
This was mainly driven by record production resulting from strong operational execution and higher oil and European natural gas prices, according to the company’s press release on August 6.
The company’s earnings before interest, tax, depreciation, amortization, and exploration expenses (EBITDAX) rose to $4.4 billion in the first half (H1) of 2026, compared to $3.9 billion in H1 2025.
Harbour Energy also recorded a rise in adjusted profit after tax amounting to $562 million in H1 2026, up from $410 million in H1 2025.
“In a volatile macro environment, we remain focused on executing our strategy: sustaining our production, strengthening our portfolio, ensuring financial resilience and delivering competitive shareholder returns,” said Linda Z Cook, CEO of Harbour Energy.
Harbour continued to manage commodity price volatility through hedging. During H1, the company realized post-hedge prices of $84 per barrel for crude oil and $14.4 per thousand standard cubic feet (mscf) for European gas, compared with pre-hedge realized prices of $90 per barrel and $15.0/mscf, respectively.
It also secured additional commodity hedges, primarily through zero-cost collars covering European gas production for the second half of 2026 and the full year 2027.
On the operational front, Harbour continued advancing developments across its portfolio. In Egypt, Harbour Energy commenced development of the Fayoum-Messinian gas field, utilizing existing West Nile Delta infrastructure, with first gas targeted before the end of 2026.
In addition, the company appraised the EZZ-2 discovery in the Disouq Area onshore the Nile Delta and accelerated its production start-up into August 2026.
The Group’s total production reached a record 509,000 barrels of oil equivalent per day (boe/d) in H1 2026, up 4 % from 488,000 boe/d in H1 2025. Production comprised about 40% liquids, 40% European natural gas, and 20% international natural gas. Full-year global production guidance was upgraded to between 490,000 and 500,000 boe/d.
Internationally, the company progressed projects in Norway, the UK, the US Gulf of America, Argentina, and Mexico. It also completed the acquisition of LLOG Exploration Company LLC in the US as well as Waldorf in the UK, and the divestment of non-core assets in Indonesia.
Looking ahead, the company raised its 2026 free cash flow outlook to $1.8 billion, while accelerating shareholder returns through a newly announced $250 million share buyback.
