Hunting PLC Maintains EBITDA Guidance Amid Strong Order Book Growth
Event summary
- Hunting PLC reported Q1 2026 EBITDA of $23.2 million, in line with expectations, maintaining full-year guidance of $145-$155 million.
- Sales order book grew to $428.8 million as of April 14, 2026, up from $365.3 million at the end of March 2026.
- Perforating Systems sales in North America exceeded expectations due to higher quality sales and production efficiencies.
- Non-energy sales order book stood at $95.6 million as of March 31, 2026, with multi-year production schedules extending through 2028.
The big picture
Hunting PLC's solid Q1 2026 performance reflects strong demand in key markets like South America and the US onshore, despite geopolitical risks. The company's focus on non-oil and gas sales and operational restructuring aligns with broader industry trends towards diversification and cost optimization. With a robust order book and maintained EBITDA guidance, Hunting is positioning itself for long-term growth and enhanced shareholder returns.
What we're watching
- Geopolitical Risk
- How Middle East volatility will affect Hunting's operational stability and profitability.
- Market Demand
- Whether the strong OCTG tender activity will translate into increased rig counts and higher sales.
- Strategic Restructuring
- The pace at which the restructuring of EMEA and Asia Pacific segments will drive cost efficiencies.
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