World
HUNTING CUTS 2026 PROFIT FORECAST AGAIN AS MIDDLE EAST CONFLICT DISRUPTS OPERATIONS
British energy services company Hunting has lowered its 2026 EBITDA forecast to between $128 million and $133 million, down from $138 million to $141 million, as prolonged Middle East conflict disrupts shipping, drilling and tender activity. The company also faces slower activity in Saudi Arabia and continuing effects from a delayed Kuwait Oil Company tender. Hunting says its subsea business remains strong and continues to expect improved opportunities once regional stability returns.
BigV•2h ago•1 min read