H&P reports 9 additional Saudi rig suspensions; total 26; CEO cites unexpected softening

Helmerich & Payne, Inc.

9 more rigs suspended in Saudi Arabia since May 7 earnings, bringing total to 26 rigs.
Suspensions affect legacy KCA Deutag fleet; CEO acknowledges short-term financial challenges.
Acquisition synergies still expected; North America Solutions performing in line with guidance.
CFO Kevin Vann to speak at J.P. Morgan Conference on June 25 at 8:35 a.m. ET.

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