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Helmerich & Payne swings to FY26 Q3 profit of USD 76 million; revenue rises to USD 1.04 billion
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Helmerich & Payne swings to FY26 Q3 profit of USD 76 million; revenue rises to USD 1.04 billion
  • H&P posted revenue of $1.04 billion for the quarter ended June 30, 2026; net income attributable to shareholders was $76 million, or $0.74 per share.
  • Results included a $115 million gain from the Utica Square sale; adjusted net loss was $10 million, or $0.11 per share, on adjusted EBITDA of $236 million.
  • North America Solutions operating income rose to $140 million; direct margin climbed to $241 million, or $18,669 per day, with 142 rigs active.
  • International Solutions operating loss narrowed to $54 million; direct margin improved to $31 million, with 65 rigs working.
  • Offshore operating income increased to $17 million; offshore backlog reached $3.6 billion after a four-year Norway renewal, with 4Q direct-margin guidance of $245-$255 million in North America.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. H&P - Helmerich & Payne Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202608051615BIZWIRE_USPR_____20260805_BW462741) on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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