Hunting Sees 'Very, Very Good Year' in 2025

Energy services firm highlights improved margins, cash generation, and strategic repositioning.

Published on Mar. 8, 2026

Got story updates? Submit your updates here. ›

Hunting, a global precision engineering group, outlined a 'very, very good year' in 2025, pointing to improved margins, continued cash generation, and progress on its strategic repositioning toward higher-return product lines and a broader geographic footprint. The company emphasized cash generation, working capital efficiency, and a strong order pipeline, while also discussing acquisitions, divestitures, and restructuring efforts.

Why it matters

Hunting's strong performance in 2025 reflects the company's ability to navigate industry challenges and capitalize on opportunities in the energy services sector. The company's strategic focus on higher-margin product lines, geographic expansion, and operational efficiency suggests it is well-positioned to weather market volatility and capitalize on long-term energy demand.

The details

Hunting highlighted several key achievements in 2025, including improved margins, continued cash generation, and progress on its strategic repositioning. The company generated $63 million in cash after acquisitions, dividend increases, and share buybacks, and reduced working capital as a percentage of sales from over 70% in 2020 to 33%. Hunting also completed two acquisitions, Flexible Engineered Solutions and Organic Oil Recovery, while divesting its interest in Rival Downhole. The company's restructuring efforts in Europe, including the closure of two facilities in the Netherlands and the opening of a new facility in Dubai, are expected to generate $11 million in cost savings in 2026.

  • Hunting generated $63 million in cash in 2025.
  • Hunting ended 2024 with $104 million in cash and added $135 million of EBITDA in 2025.
  • Hunting expects order intake to accelerate through the second quarter of 2026, with a tender pipeline of more than $1 billion.
  • Hunting expects its order book to approach $500 million by the third quarter of 2026, depending on awards.
  • Hunting announced an additional $15 million cost savings plan, to be implemented over the next 12 to 18 months.

The players

Hunting

A global precision engineering group that provides quality-assured products and services for the energy, aviation, commercial space, defence, medical, and power generation sectors.

Jim Johnson

The CEO of Hunting.

Ferguson

The CFO of Hunting.

Got photos? Submit your photos here. ›

What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.