Hunting PLC Reports Strong H1 2026 on Subsea and Perforating Demand — Hunting PLC

Event summary

H1 2026 EBITDA of $62M, in line with guidance, driven by Subsea and Perforating Systems demand.
$387M sales order book at period-end, up from $358M at 2025 year-end.
OOR technology sees commercial deployment with clients including Buccaneer Energy and PDO.
Group-wide cost savings of $15M annually on track for 2026-2027 delivery.
$32.6M share buybacks completed in H1, part of ongoing program.

The big picture

Hunting's H1 performance highlights the growing importance of subsea and unconventional well completion markets, particularly in Guyana and North America. The company is strategically repositioning itself toward these higher-margin segments amid broader industry trends around energy security and AI-driven power demand. With $1B tender pipeline and ongoing restructuring, Hunting appears focused on long-term structural resilience despite near-term volatility.

What we're watching

Geopolitical Volatility: How Middle East conflict and oil price dynamics will impact H2 activity levels.
Technology Commercialization: The pace at which OOR technology can scale to $100M annual revenue by 2030.
Strategic Rebalancing: Whether Hunting can sustain margin expansion through higher-growth oil and gas segments.