tiprankstipranks
Hunting PLC Boosts Growth with New Borrowing Facilities
Company Announcements

Hunting PLC Boosts Growth with New Borrowing Facilities

Hunting (GB:HTG) has released an update.

Don't Miss our Black Friday Offers:

Hunting PLC has reported a solid 16% year-on-year rise in EBITDA to approximately $87 million up to Q3 2024, driven by robust performance in its OCTG and Subsea technologies sectors. The company has also secured $300 million in new borrowing facilities to enhance growth opportunities, despite facing challenges in the US onshore market due to low natural gas prices. With a strong order book and improved liquidity, Hunting is focusing on strategic acquisitions to expand its presence in various sectors.

For further insights into GB:HTG stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskHunting PLC Boosts Market Strategy with New Broker
TipRanks UK Auto-Generated NewsdeskHunting PLC Sees Increase in Voting Rights
TipRanks UK Auto-Generated NewsdeskHunting PLC Executives Increase Shareholdings
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App