Harbour Energy Plc announce an interim dividend of 12 cents per ordinary share to be paid on 18 October 2023 to all shareholders on the register on 8 September 2023 (the "Record Date"). A dividend re-investment plan ("DRIP") is available to shareholders who would prefer to invest their dividend in the shares of the Company. To participate in the DRIP, shareholders must submit their election notice to Equiniti, the Company's Registrar, by 27 September 2023 (the "Election Date").
Other financial highlights include:
EBITDAX of $1.4 billion (H1 2022: $2.0 billion)
Profit before tax of $0.4 billion (H1 2022: $1.5 billion); loss after tax of $8 million (H1 2022: profit of $1.0 billion) driven by a higher UK tax rate and one-off tax charges
Free cash flow (post-tax, pre-distributions) of $1.0 billion (H1 2022: $1.4 billion)
Zero net debt at period end, reduced from $0.8 billion at year-end 2022 and $2.9 billion at completion of the Premier Oil merger in April 2021
Total announced shareholder returns of c.$1 billion since December 2021, including:
- $200 million share buyback announced in March of which c.$160 million completed
