Hunting PLC
LSE:HTG
Hunting PLC
Hunting Plc operates as a holding company, which engages in the development and exploration of oil and gas properties. The firm operates through five operating segments: Hunting Titan; US; Canada; Europe, Middle East and Africa (EMEA), and Asia Pacific. The firm's range of products and associated services spans the lifecycle of the wellbore, irrespective of whether it is intended for oil, gas, onshore or offshore, conventional or unconventional. The company manufactures end tools and components required to extract hydrocarbons across the lifecycle of an oil and gas well. The firm has operations in China, Indonesia, Mexico, Netherlands, Norway, Saudi Arabia, Singapore, United Arab Emirates and the United States of America.
Hunting Plc operates as a holding company, which engages in the development and exploration of oil and gas properties. The firm operates through five operating segments: Hunting Titan; US; Canada; Europe, Middle East and Africa (EMEA), and Asia Pacific. The firm's range of products and associated services spans the lifecycle of the wellbore, irrespective of whether it is intended for oil, gas, onshore or offshore, conventional or unconventional. The company manufactures end tools and components required to extract hydrocarbons across the lifecycle of an oil and gas well. The firm has operations in China, Indonesia, Mexico, Netherlands, Norway, Saudi Arabia, Singapore, United Arab Emirates and the United States of America.
Revenue Growth: Revenue increased by 7% year-over-year, driven by strong performance in OCTG and Subsea segments.
Profitability: EBITDA rose 16% YoY to $70 million, and EPS was up 26%, reflecting margin improvements and cost control.
Cash Generation: Free cash flow jumped to $66 million from $2 million last year due to working capital efficiencies.
Strategic M&A: Two key acquisitions were completed in the first half, supporting future growth and margin expansion.
Capital Returns: Announced a $40 million share buyback and a 13% increase in the interim dividend to 6.2%.
Guidance Maintained: Full-year EBITDA guidance remains at $135–145 million; margin and free cash flow targets unchanged.
Restructuring & Cost Savings: EMEA restructuring delivered substantial cost reductions, with most $11 million annualized savings expected next year.
International Focus: Growth in South America, Middle East, and India highlighted as key to future expansion.
