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Hunting (HTG) investor relations material
Hunting Investor update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Strategic vision and market positioning
Subsea technology is central to the 2030 growth strategy, targeting $470 million in subsea revenue and $100 million from Organic Oil Recovery (OOR) by 2030.
The business has evolved from a Tier 2 supplier to a life-of-field technology partner, integrating five business units and expanding its global reach.
Acquisitions of FES and OOR have broadened the product portfolio, enabling bundled solutions and deeper customer relationships.
The company is focused on high-margin, patented technology and aims to avoid commoditized, low-margin segments.
Group-wide revenue goal of $2 billion per year by 2030, with 15% ROCE and 15% EBITDA margin.
Financial performance and guidance
Achieved record trading in Q4 2025, with $35 million in the quarter and $138 million in subsea revenue for the year.
2025 unaudited EBITDA expected at $135 million, with a 13% margin and net cash of $28 million.
2026 guidance projects $145–$155 million EBITDA, with a goal to reach and exceed 15% EBITDA margin.
Subsea margins are expected to be above 20%, with OOR and FES acquisitions being margin accretive.
Share buyback program expanded to $60 million, running through Q1 2026.
Market trends and growth drivers
Offshore and deepwater subsea investment is accelerating, with strong tailwinds from sustained oil demand projected through 2050.
Subsea tree awards and FPSO orders are set to increase significantly, with 42 FPSOs currently on order representing major revenue opportunities.
The EPCI business model shift and operator workforce reductions create a window for technology partners to fill gaps.
Enhanced Oil Recovery (EOR), especially OOR, is gaining traction as operators seek to maximize recovery from existing assets.
Strong tender pipeline for 2026, with $300 million in tracked opportunities across multiple regions.
- TimeTickerHeadlineOpen
- 6 FebHTOO
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Merger vote includes new non-voting stock class with limited conversion and no voting rights. - 6 FebKKR
Charter amendments seek to modernize governance and establish one share, one vote by 2026. - 6 FebARI
Proposed $9B real estate loan portfolio acquisition highlights disciplined, long-term strategy. - 6 FebSMCI
Q2 revenue jumped 123% to $12.7B, with FY26 guidance raised to at least $40B. - 6 FebRJF
Record revenues and assets, higher dividend, and acquisitions despite lower net income. - 6 FebFFIE
Raising capital for global EV and AI expansion, with regulatory and dilution risks highlighted.
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