Hunting PLC secured US$63.5 million in orders for its titanium stress joint product line during the first half of 2026, with continued contract momentum in Guyana supporting its subsea performance.
The precision engineering group reported on July 15 that its Subsea business benefited from demand linked to Guyana, including progress on the Longtail and Hammerhead projects.
Hunting did not state that the full US$63.5 million was tied exclusively to Guyana. It also did not disclose the value of orders associated with either project.
The company reported strong demand for its subsea couplings and valves during the six months ended June 30. Its Subsea and Perforating Systems product groups performed ahead of expectations during the period.
“The Subsea product group also saw strong demand for its couplings and valves and good progress on the Longtail and Hammerhead projects in Guyana,” Hunting stated in its first-half trading update.
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Longtail and Hammerhead are planned offshore oil developments in Guyana’s Stabroek Block. ExxonMobil operates the block with Hess and CNOOC. Hunting’s titanium stress joints are used in offshore and subsea systems to manage mechanical forces where equipment connects with floating production facilities.
The company’s wider performance was also supported by strong international demand for unconventional well completion products and market share gains in North America.
“Our H1 performance has seen continued strong momentum in our Subsea and Perforating Systems businesses supporting our unchanged full-year expectations as we continue the process of rebalancing our earnings profile towards the international unconventional, offshore and subsea segments of the global oil and gas market,” Chief Executive Jim Johnson commented.
Hunting recorded earnings before interest, taxes, depreciation, and amortization of approximately US$62 million during the first half of 2026. Its margin was approximately 12%.
The group’s sales order book stood at approximately US$387 million at the end of June, up from US$358 million at the end of 2025. Its tender pipeline remained at approximately US$1 billion.
Hunting maintained its full-year earnings guidance of US$145 million to US$155 million. It also retained its projected full-year margin of approximately 13-14%.
The company expects higher activity across several product groups during the second half of 2026. Its half-year results are scheduled for release on August 21.
Hunting PLC previously supplied eight titanium stress joints for the Uaru oil development, for which production will begin later this year offshore Guyana. Exxon expects to use Uaru to increase crude oil production capacity in Guyana by 250,000 barrels per day.
