Hunting PLC Secures $38 Million in New Subsea Contracts

Hunting ( (GB:HTG) ) has shared an announcement.

Hunting PLC announced new contract wins totaling $38 million for its Subsea Technologies division. The contracts include $23 million for decommissioning projects in the North Sea and a $15 million order for titanium stress joints in the Gulf of Mexico. These wins increase the division’s sales order book from $72.5 million to $85 million as of March 31, 2025. The new contracts highlight Hunting’s ability to provide comprehensive subsea solutions throughout the lifecycle of oil and gas fields, strengthening its market position in deepwater regions.

More about Hunting

Hunting PLC is a global precision engineering group that provides precision-manufactured equipment and premium services. Established in 1874, it is listed on the London Stock Exchange and operates across various regions including the UK, China, India, and the US. The company reports in US dollars across five operating segments and focuses on product groups such as OCTG, Perforating Systems, and Subsea.

YTD Price Performance: 8.48%

Average Trading Volume: 553,307

Technical Sentiment Signal: Buy

Current Market Cap: £509.1M

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