Hunting (HTG.L) said the Group performed in line with expectations during the quarter, with first quarter trading reflecting the timing of key milestones on current subsea contracts, which are weighted to second quarter. Hunting's full-year EBITDA guidance of between $145-$155 million is retained. Earnings will be second half weighted, the Group noted.
First quarter Group EBITDA was $23.2 million, with an EBITDA margin of 10%. All product groups have traded as expected, the Group noted. As at 14 April 2026, the Group's sales order book stood at approximately $428.8 million.
"We are seeing excellent order book momentum across South America and the US onshore market. By restructuring our global operations and continuing our share buyback programme, we are positioning Hunting for robust, long-term growth and enhanced shareholder returns," said Chief Executive Jim Johnson.
The First half Trading Update will be issued on 15 July 2026.
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