British oil and gas producer Harbour Energy raised its annual free cash flow and production forecasts for the second time this year on Thursday after record first-half output and higher oil and gas prices.
The London-listed company raised its free cash flow outlook to $1.8 billion from $1.4 billion, which will help the group return at least $800 million to shareholders for 2026, starting with a $250 million buyback announced on Thursday.
The company now expects 2026 production of 490,000-500,000 barrels of oil equivalent per day (boepd), up from its previous forecast of 480,000-500,000 boepd.
(Reuters - Reporting by Anushka Chourasia and Ankita Bora in Bengaluru; Editing by Rashmi Aich)
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