H&P Q2 net loss $59M; NAS direct margin $215M; CFO Vann to retire

Helmerich & Payne, Inc.

2026-Q2 EPS reported -$1.57 revenue$1,949,388,000

Consolidated revenue $932M; net loss $(59)M ($0.59 per share); adjusted net loss $(38)M ($0.38 per share).
North America Solutions operating income $111M, direct margin $215M ($17,628/day) with 136 rigs.
International Solutions operating loss ~$100M incl. $26M impairment; Offshore operating income $14M.
Completed Utica Square sale with after-tax proceeds >$100M; retired term loan early, reducing debt by $400M.
CFO Kevin Vann retiring; Todd Scruggs to succeed. Q3 guidance: NAS direct margin $230-240M, avg rigs 137-143.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Helmerich & Payne, Inc. reported second fiscal quarter ended March 31, 2026 results: revenue $932 million, net income $(59) million, EPS $(0.59) per share.

Period: second fiscal quarter ended March 31, 2026
Revenue: $932 million
Net income: $(59) million
EPS: $(0.59) per share
Result: reported results

Exact text from the filing

NEWS RELEASE May 6, 2026 HELMERICH & PAYNE, INC. ANNOUNCES FISCAL SECOND QUARTER RESULTS Operating and Financial Highlights for the Quarter Ended March 31, 2026 • H&P announced consolidated revenue of $932 million, reflecting solid performance despite a dynamic macro environment. • Consolidated net loss of $(59) million, or $(0.59) per share, which includes the impact of a non-cash impairment charge of $26 million.

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accession 0000046765-26-000025

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