Hunting PLC Holds 2026 Guidance Despite Order Book Drop

Core Financials and Shareholder Initiatives

Hunting PLC (LON:HTG) has maintained its fiscal 2026 guidance despite reporting a 30% year-over-year decline in its order book to $358 million. The company also announced a second share buyback program totaling $40 million.

FY2025 Performance Overview

For fiscal 2025, the oilfield services company posted an EBITDA of $135.7 million, aligning with guidance. However, revenue fell 3% to $1,019 million, and net profit of $43 million came in below consensus estimates, impacted by impairments and higher taxes. The order book, while slightly above guidance, marked a significant decrease from previous periods.

Future Outlook and Cost Management

Looking ahead, Hunting reaffirms its 2026 EBITDA guidance of $145 million to $155 million. To support profitability, the company is targeting an additional $15 million in annual cost savings by 2028. It also increased its total annual dividend by 13% to 13 cents per share.

Summary

Despite a contracting order book, Hunting PLC demonstrates confidence through its stable 2026 outlook, enhanced shareholder returns via buybacks and dividends, and a clear focus on cost reduction. The company's tender pipeline remains steady at approximately $1.0 billion.

FAQ

Q: What was Hunting PLC's order book value at the end of fiscal 2025?
A: The company's order book stood at $358 million, a 30% decline year-over-year.

Q: How is Hunting PLC returning value to shareholders?
A: The company announced a new $40 million share buyback program and increased its total annual dividend by 13%.

Source: Investing.com