Harbour Energy (LON:HBR) H1 2024 results
Key financial results
- Revenue: $1.92 billion (5.0% less than in H1 2023).
- Net profit: USD 57.0 million (after a loss of USD 8.00 million in H1 2023).
- Profit margin: 3.0% (after net loss in H1 2023). The transition to profitability was driven by lower expenses.
- Earnings per share: $0.074 (after a loss of $0.01 in H1 2023).
All figures shown in the graph above refer to the last 12 months (TTM)
Harbour Energy’s sales and profits miss expectations
Sales fell short of analysts’ estimates by 2.6%. Earnings per share (EPS) also fell short of analysts’ estimates by 77%.
Average revenue growth of 17% per annum is expected over the next three years, while revenues in the UK oil and gas industry are expected to stagnate.
Performance of British oil and gas industry.
The company’s shares fell 3.1 percent compared to the previous week.
Risk analysis
Find out about the 1 warning sign we discovered it at Harbour Energy.
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