Hunting stock: Middle East conflict lowers 2026 EBITDA view

Hunting PLC lowered its full-year outlook in a Q3 trading update published on October 28, 2026. The FT.com company announcement said the group now expects 2026 EBITDA of 128 million to 133 million US dollars, compared with its previous range of 138 million to 141 million US dollars.

Middle East pressure weighs on outlook

Hunting said the protracted conflict in the Middle East affected results in the third quarter and the start of the fourth quarter. Logistical problems and attacks on shipping and regional infrastructure have challenged OCTG and other tender activity, while lower rig activity in Saudi Arabia has affected Hunting Titan.

The company also pointed to a slowdown in North America and to third-party supply-chain issues that delayed deliveries and order completion in its Electronics and Dearborn businesses. Year-to-date EBITDA stood at approximately 89 million US dollars with a margin of approximately 12 percent.

Subsea business remains resilient

Not all parts of the portfolio weakened. Hunting said Subsea Technologies continued to show robust profitability, supported by commercial demand and disciplined execution. Its Organic Oil Recovery technology also attracted interest in South America, the North Sea and the Middle East, including orders for pilot testing and sampling work.

The EMEA segment returned to profitability during the quarter as restructuring savings began to take effect, including the closure of the Fordoun site in Aberdeen. However, Hunting expects the segment to post a small EBITDA loss for the full year because of the Middle East situation. The group is also combining its EMEA and Asia Pacific operating segments, reviewing overhead costs and considering disposals of non-core businesses.

Capital allocation and investor context

The Kuwait Oil Company re-tender was published on October 12, 2026, with a decision expected before year-end and shipments potentially starting in the second half of 2027. Hunting said its interim dividend of 7.0 cents per share will be paid on October 30, 2026, while full-year capital expenditure is expected at 35 million to 45 million US dollars.

Lang & Schwarz quoted Hunting at 4.63 euros on October 29, 2026, at 22:59:56 Berlin time. The quote was unchanged from the previous close. A real-time quote of Hunting stock is available for investors tracking the listing.

For broader UK market context, see the FTSE 100 market theme.

Further company-specific developments are collected in more news and analyses on Hunting stock.