H&P guides fiscal Q4 direct margins to high end of range; International Solutions near $45M

Helmerich & Payne, Inc.

Direct margins for North America Solutions, International Solutions and Offshore Solutions all expected at or near the high end of previously issued fiscal 4Q 2026 guidance ranges.
International Solutions direct margins expected around $45 million for the quarter; CEO Trey Adams called that segment's performance 'particularly notable.'
North America Solutions average rig count expected near high end of guidance; International and Offshore rig counts and management contracts near the midpoint.
CFO Todd Scruggs reaffirmed commitment to roughly 1x net debt to adjusted EBITDA by calendar year-end 2027 while maintaining the base dividend.
Fiscal 2027 outlook constructive: stronger overall direct margins than 2026, with Latin America growth partly offset by Middle East activity reductions amid ongoing conflict.

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