earnings
confidence high
sentiment negative
materiality 0.75
Helmerich & Payne Q3 net income $76M, adjusted loss $(0.11)/share; revenue $1.035B
Helmerich & Payne, Inc.
- Net income $76M ($0.74/diluted) includes $115M gain on Utica Square sale; adjusted loss $(10)M ($(0.11)/share).
- Revenue $1.035B; adjusted EBITDA $236M; NAS direct margin $241M ($18,669/day) with 142 rigs active.
- International Solutions operating loss $(54)M, direct margin $31M; Offshore operating income $17M, direct margin $29M.
- Q4 guidance: NAS direct margin $245-255M, 145-151 avg rigs; FY26 capex $270-310M.
- Returned $25M to shareholders via dividends; management announces cost initiatives to enhance margins.