Helmerich & Payne (HP) Misses Q4 EPS by 22c; offers outlook
Helmerich & Payne (NYSE: HP) reported Q4 EPS of ($0.01), $0.22 worse than the analyst estimate of $0.21. Revenue for the quarter came in at $1.01 billion versus the consensus estimate of $968.58 million.
OUTLOOK
Based on current market dynamics, the Company is providing the following operating guidance for fiscal 2026:
Average contracted rig count of 132 to 148 in NAS.
Average operating rig count of 58 to 68 for International Solutions.
Total Offshore direct margins of $100 million to $115 million, with average management contracts and contracted platform rigs to be approximately 30 to 35.
The Company expects gross capital expenditures of between $280 million and $320 million during fiscal 2026.
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