UK's Hunting revenue falls 3%, misses estimates

Hunting

05/03/2026 07:09

Overview

Precision engineering group's 2025 revenue fell 3%, missing analyst expectations

Adjusted EPS for 2025 missed analyst estimates

Company's EBITDA rose 7% to $135.7 mln, with margin improving to 13%

Outlook

Hunting retains 2026 EBITDA guidance of $145-$155 mln

Company anticipates further earnings growth in 2026

Hunting plans $40 mln share buyback by March 2028

Result Drivers

DIVERSIFICATION - Non-oil and gas revenue increased by 10%, reflecting the company's efforts to diversify its revenue streams

COST EFFICIENCIES - Company achieved significant cost savings through restructuring efforts, including the closure of Fordoun site and restructuring of Hunting Titan

STRATEGIC EXPANSION - Acquisitions and disposals, such as the purchase of Flexible Engineering Solutions and sale of Rival Downhole Tools, supported subsea expansion and capital reallocation

Company press release: ID:nBwpSYnja

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Miss
$1.02 bln
$1.05 bln (9 Analysts)
FY Adjusted EPS
Miss
$0.34
$0.36 (8 Analysts)
FY Dividend
$0.07
FY Operating Profit
$76.30 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil related services and equipment peer group is "buy"

Wall Street's median 12-month price target for Hunting PLC is GBp465.00, about 9% below its March 4 closing price of GBp511.00

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)