Quarterly ResultAug 5, 2026, 04:31 PM
Helmerich & Payne Q3 Net Income $76M, EPS $0.74
AI Summary
Helmerich & Payne, Inc. announced its third fiscal quarter results, reporting consolidated revenue of $1.035 billion and net income of $76 million, or $0.74 per share. Adjusted for a significant real estate sale gain and other items, the company reported adjusted losses of $(10) million, or $(0.11) per share. All segments exceeded direct margin guidance, with strong operational performance including the deployment of 10 additional rigs in North America and new contracts in International and Offshore Solutions. Management highlighted ongoing efficiency initiatives and a commitment to debt reduction and shareholder returns.
Key Highlights
- Consolidated revenue reached $1.035 billion, reflecting strong sequential growth.
- Consolidated net income attributable to Helmerich & Payne Inc. was $76 million, or $0.74 per share.
- Adjusted losses were $(10) million, or $(0.11) per share, excluding a $115 million gain from a real estate sale.
- Consolidated adjusted EBITDA totaled $236 million for the quarter.
- North America Solutions reported operating income of $140 million and direct margin of $241 million.
- International Solutions reported an operating loss of $(54) million but delivered $31 million in direct margin.
- Offshore Solutions generated operating income of $17 million and direct margin of $29 million.
- Secured a four-year contract renewal for an offshore operator in Norway, strengthening backlog to $3.6 billion.
- Approximately $25 million was returned to shareholders through the ongoing dividend program.
Price Impact
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