Harbour Energy Soars After Kicking Off Buyback, Raising Targets

Harbour Energy Plc, the UK’s biggest independent oil and gas producer, jumped the most since 2023 in London trading after announcing the start of a $100 million share buyback and raising financial targets.

The company reported strong first-half earnings on Thursday, more than tripling free cash flow as it incorporated assets acquired from Wintershall Dea last year. That allowed it to raise its full-year cash forecast by about 10% to $1 billion and announce the fresh buyback.