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Helmerich & Payne, Inc. Announces Fiscal Third Quarter Results
Helmerich & Payne (NYSE: HP) reported fiscal Q3 2026 consolidated revenue of $1.035 billion and net income attributable to the company of $76 million, or $0.74 per share, including an estimated $115 million gain from the sale of Utica Square. Adjusted for select items, the company recorded an adjusted loss of $(10) million, or $(0.11) per share, and generated consolidated adjusted EBITDA of $236 million.North America Solutions delivered operating income of $140 million and direct margin of $241 million, or $18,669 per day, with 142 rigs active. International Solutions posted an operating loss of approximately $(54) million but improved direct margin to $31 million with 65 rigs working. Offshore Solutions reported operating income of about $17 million, direct margin of $29 million, and a strengthened offshore backlog of $3.6 billion from a four‑year Norway renewal. Approximately $25 million was returned to shareholders via dividends. Q4 guidance includes segment direct margin ranges and full‑year FY26 capex of $270–$310 million.