Hunting PLC - Company Profile
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Business Description
Hunting PLC (Hunting) operates in the energy services sector, primarily focusing on the manufacturing and distribution of products used in the extraction of oil and gas. The company provides a range of products and services, including perforating systems, oil country tubular goods (OCTG), advanced manufacturing, and subsea technologies. Hunting serves various industries, including oil and gas exploration and production companies, by supplying essential tools and equipment for drilling and well completion activities.
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R&D Overview
Hunting's research and development initiatives in FY2025 focused on mitigating the impact of price-sensitive perforating product sales by prioritizing high-margin instrumentation and leasing revenue. The company launched a new Ballistic Release Tool in December 2025 to the US domestic market, designed to simplify client operations and extend maintenance intervals. Additionally, a new Gyroscopic Orientation Tool (GOT) was introduced internationally in Q2 2025, aimed at improving efficiency and reducing costs for customers in vertical conventional wells. The company holds 115 patents related to the Perforating Systems product group and a total of 200 patents, intellectual property, and trademarks in the Subsea segment at the year-end. In FY2025, the company spent US$10.5 million on R&D, which as a percentage of revenue, stood at 1% and grew 19.3% YoY.
Product Categories
Performance
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Performance
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Performance
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Performance
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Performance
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Geographical Segments
Overview
Manufactures and supplies Premium Connections and OCTG and also produces perforating guns for Hunting Titan. Hunting’s Asia Pacific business covers five operating facilities across China, Indonesia, and Singapore. In China, the Group operates from a facility at Wuxi, which has OCTG threading and perforating gun manufacturing capabilities. In Indonesia, Hunting manufactures OCTG premium connections. In Singapore, the Group offers OCTG premium connections and accessories manufacturing and well-intervention products. In FY2025, the segment incurred a capital expenditure of US$2.1 million, which declined 55.3% YoY.
Performance
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Overview
It operates in the Netherlands, Norway, Saudi Arabia, the UAE, and the UK. Provides Oil Country Tubular Goods (OCTG) including threading, storage, and accessories manufacturing. In the UAE, it also operates an equipment assembly function for well-testing and intervention products; a global sales office for all of the company's product lines; and in Norway it operates a service and distribution center. In FY2025, the segment incurred a capital expenditure of US$7.3 million, which grew 265% YoY.
Performance
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Overview
Manufactures and distributes a broad range of well-completion products and accessories. Its products include both integrated and conventional gun systems and hardware, shaped charges and other energetics products, addressable and analog switch technology, and electronic instrumentation for certain measurements required in the oil and gas industry. Its key products include the H-2 and H-3-gun systems, ControlFire switches, EQUAfrac-shaped charges, the T-Set line of setting tools, and the PowerSet family of power charges. It predominantly serves the US and Canadian onshore drilling and completion markets, but also caters to international markets from its operating sites in the US. In FY2025, the segment incurred a capital expenditure of US$2.2 million, which declined 33.3% YoY.
Performance
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Overview
Offers premium connections, oil country tubular goods (OCTG), subsea equipment, intervention tools, electronics, and complex deep hole drilling and precision machining services for the US, Canada, and overseas markets. Manufactures perforating system products for Hunting Titan. In FY2025, the segment incurred a capital expenditure of US$13.4 million, which grew 30.1% YoY.
Performance
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Overview
It comprises the operations of Stafford, Spring, and Enpro. It manufactures hydraulic valves and couplings; titanium and steel stress joints; flow access modules; and flow intervention systems. It has operations in the US, Scotland, and the UK. In FY2025, the segment incurred a capital expenditure of US$4.4 million, which grew 2.3% YoY.
Performance
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