Hunting flags first-half earnings in line with expectations

(Sharecast News) - Hunting said on Wednesday that first-half EBITDA was about $62m, in line with the expected phasing of full-year earnings, as strong performances from its Subsea and Perforating Systems businesses offset weaker activity elsewhere. The FTSE 250 firm siad its order book increased to around $387m from $358m at the end of 2025, supported by $63.5m of titanium stress joint orders and strong demand for unconventional well completion products.

It maintained full-year EBITDA guidance of $145m to $155m and an EBITDA margin of 13% to 14%, with higher activity expected in the second half.

Chief executive Jim Johnson said Hunting's performance supported "unchanged full-year expectations" and that the group remained well positioned to benefit from longer-term oil and gas investment, energy security demand and AI-driven power requirements.

At 0918 BST, shares in Hunting were up 5.22% at 473.5p.

Reporting by Josh White for Sharecast.com.

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