Horizon Oil Limited (HZNFF) Q4 2026 Earnings Call Transcript

SA Transcripts 162.02K Followers Follow Horizon Oil Limited ( HZNFF ) Q4 2026 Earnings Call August 26, 2026 9:00 PM EDT Company Participants Richard Beament - MD, CEO & Director Kyle Keen - CFO & Assistant Company Secretary Presentation Operator Thank you for standing by, and welcome to the Horizon Oil FY '26 full year results webcast. Presenting today are Horizon's Chief Executive Officer, Richard Beament; and Chief Financial Officer, Kyle Keen. [Operator Instructions] I'd now like to hand you over to Richard. Richard Beament MD, CEO & Director Look, thanks very much and good morning, everyone. FY '26 resets Horizon's scale and cash flow base. The business now operates from a larger, more diversified platform than this time last year. We delivered record production and record sales. Thailand is contributing low cost cash flow, and the Cue acquisition expands Horizon into a broader 5-country Asia Pacific platform. We achieved that growth while continuing to deliver shareholder returns and maintain a strong balance sheet. This morning, I'm going to start with a strategic overview, and then Kyle will take you through the financial results before I'll return to cover the asset portfolio, the outlook, and the near-term value runway before we open up for questions. Look, before we begin, I'll draw you to the customary compliance statement, which I encourage you all to read in full. It includes the usual cautionary statements as the presentation includes forward-looking statements, financial measures which are not prescribed by Australian Accounting Standards, and reserves and resources information. I also note that all references to dollars are U.S. dollars unless otherwise stated. So at a glance, Horizon is now a diversified cash generative Asia Pacific oil and gas producer, with producing assets across Thailand, Indonesia, Australia, New Zealand, and China. That 5-country footprint supports a more resilient production and cash flow base. FY '26 net production reached a record 2.15 million barrels of oil equivalent, and following