H&P Provides Fourth Quarter Financial & Operational Update
Key Highlights
- ➤North America Solutions rig count expected near high end of fiscal 4Q 2026 guidance
- ➤International Solutions direct margins expected around $45 million in fiscal 4Q 2026
- ➤All three operating segments’ direct margins expected at or near guidance high ends
- ➤H&P expects stronger overall direct margins in fiscal 2027 versus 2026
- ➤H&P maintains approximately 1x net debt to adjusted EBITDA target by year-end 2027
Expert Statements
Trey Adams, President and CEO of Helmerich & Payne
“I am very proud of the performance of our teams during fiscal 2026, with strong performance through year end”
Trey Adams, President and CEO of Helmerich & Payne
“We expect to report direct margins at or near the high end of our guidance range in our principal operating segments.”
Trey Adams, President and CEO of Helmerich & Payne
“The performance of our International Solutions segment is particularly notable, as we expect to report direct margins of around $45 million during the quarter.”
Trey Adams, President and CEO of Helmerich & Payne
“As we head into fiscal 2027, we maintain a constructive outlook, with encouraging customer discussions and contracting activity across our global portfolio leading to an expectation of stronger overall direct margins compared to 2026.”
Trey Adams, President and CEO of Helmerich & Payne
“In North America Solutions, we expect our activity levels to remain robust, and we are seeing a continuation of the strong commercial trends experienced in recent quarters.”
Trey Adams, President and CEO of Helmerich & Payne
“In International Solutions, we anticipate strong growth in Latin America to be partially offset by near-term activity reductions in the Middle East.”
Trey Adams, President and CEO of Helmerich & Payne
“We remain convinced that recent market volatility reinforces the importance of energy security and reliable supply while presenting a unique opportunity for H&P to deliver high-performance drilling solutions across our global portfolio.”
Trey Adams, President and CEO of Helmerich & Payne
“We are excited about the opportunities ahead of us and expect to deliver strong results in fiscal 2027.”
Todd Scruggs, Senior Vice President and Chief Financial Officer of Helmerich & Payne
“Despite the ongoing conflict in the Middle East and related operational disruptions, we are excited about the strength of our North America Solutions segment, the diversity of our International Solutions portfolio, and the ongoing consistency of our Offshore Solutions business.”
Todd Scruggs, Senior Vice President and Chief Financial Officer of Helmerich & Payne
“We remain committed to reaching approximately 1x net debt to adjusted EBITDA by calendar year-end 2027 while maintaining our base dividend.”
Helmerich & Payne, Inc. (NYSE: HP) currently expects to report strong operational and segment financial results for the quarter, with direct margins( (1)) for its North America Solutions, International Solutions, and Offshore Solutions businesses all at or near the high-end of the previously issued guidance ranges for fiscal 4Q 2026.( (2))
In terms of activity, North America Solutions average rig count is expected to be near the high-end of the previously issued fiscal 4Q 2026 guidance range, International Solutions average rig count is anticipated to be near the midpoint of the guidance range, and Offshore Solutions average rig count and management contracts are expected to come in near the midpoint of the guidance range.
Get started
Create a free account to read the full story.