H&P expects fiscal Q4 results at high end of guidance ranges

Helmerich & Payne, Inc. (NYSE: HP) said it expects to report fourth-quarter fiscal 2026 direct margins at or near the high end of previously issued guidance ranges across its North America Solutions, International Solutions, and Offshore Solutions segments.

The company said its North America Solutions average rig count is expected to be near the high end of its fiscal fourth-quarter guidance range. International Solutions average rig count and Offshore Solutions average rig count and management contracts are each anticipated to come in near the midpoint of their respective guidance ranges.

For International Solutions, the company said it expects to report direct margins of approximately $45 million during the quarter. All other financial guidance items from the company's Aug. 5, 2026, earnings release remain unchanged.

President and CEO Trey Adams said the company expects stronger overall direct margins in fiscal 2027 compared to 2026, citing customer discussions and contracting activity across its global portfolio. He noted that growth in Latin America is expected to be partially offset by near-term activity reductions in the Middle East.

Chief Financial Officer Todd Scruggs said the company remains committed to reaching approximately 1x net debt to adjusted EBITDA by calendar year-end 2027 while maintaining its base dividend.

Complete fiscal fourth-quarter results, for the period ended Sept. 30, 2026, will be included in the company's Annual Report on Form 10-K. The preliminary figures are based on information available as of the date of the press release and remain subject to completion of the company's financial closing procedures.

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