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Hunting Reduces 2026 EBITDA Guidance To $128 Mln-$133 Mln

By Reuters News

Oct 28 (Reuters) - Hunting PLC HTG.L:

  • HUNTING PLC - Q3 2026 TRADING UPDATE

  • HUNTING - REDUCES FY2026 EBITDA GUIDANCE TO $128 MILLION-$133 MILLION

  • HUNTING PLC - DEEPENING NATURE OF CONFLICT IN MIDDLE EAST HAS IMPACTED OUR OVERALL RESULTS IN Q3 AND INTO Q4

  • HUNTING PLC: CONFLICT IN MIDDLE EAST HAS IMPACTED OUR OVERALL RESULTS IN Q3 AND INTO Q4

  • HUNTING PLC - DETERIORATION IN SHORT-TERM TRADING OUTLOOK SEEN IN RECENT WEEKS

  • HUNTING PLC - DIRECTORS BELIEVE THAT THERE IS SIGNIFICANT UPSIDE WITHIN MIDDLE EAST ONCE HOSTILITIES CEASE

  • HUNTING PLC - OCTG & OTHER PRODUCT LINE TENDER ACTIVITY ACROSS MIDDLE EAST REMAINS CHALLENGED AT PRESENT

  • HUNTING-RIG ACTIVITY IN SAUDI ARABIA HAS DECLINED, AFFECTING TRADING WITHIN HUNTING TITAN

  • HUNTING- REMAIN CAUTIOUS ABOUT Q4 ACTIVITY GIVEN SEASONAL FACTORS, CLIENT BUDGET ISSUES & CAUTION AMONG OPERATORS

  • HUNTING PLC - GROUP'S COST REDUCTION PLAN AND RESTRUCTURING CONTINUES WITH A NUMBER OF INITIATIVES TO STREAMLINE PORTFOLIO ONGOING

  • HUNTING PLC - NORTH AMERICA OPERATING SEGMENT ALSO ANTICIPATES A SLOWDOWN IN OCTG ACTIVITY ACROSS REGION IN Q4

  • HUNTING PLC - EMEA OPERATING SEGMENT RETURNED TO PROFITABILITY DURING Q3 2026

  • HUNTING PLC - DUE TO MIDDLE EAST SITUATION, EMEA OPERATING SEGMENT WILL LIKELY REPORT A SMALL EBITDA LOSS FOR YEAR AS WHOLE

  • HUNTING - FULL YEAR CAPITAL EXPENDITURE ANTICIPATED AT $35 MILLION-$45 MILLION

  • HUNTING - YTD EBITDA APPROX $89 MILLION WITH EBITDA MARGIN OF APPROX 12%

Further company coverage: HTG.L

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