Helmerich & Payne, Inc. reports developments from a global drilling solutions business that designs, fabricates and operates high-performance rigs for conventional and unconventional oil and gas plays. Company news commonly covers North America Solutions, International Solutions and Offshore Solutions activity, including U.S. land drilling demand, contract extensions, offshore operations and maintenance work, and commercial activity in markets such as Argentina, Oman and the Caspian region.
Updates also address drilling automation and related technologies, including FlexRobotics™ Technology, directional drilling and survey management capabilities. Recurring corporate themes include segment operating results, capital allocation, debt reduction following the KCA Deutag acquisition, portfolio optimization, dividends and executive leadership changes.
Helmerich & Payne (HP) will host its fiscal fourth quarter 2026 results conference call on November 19, 2026. The call begins at 10 a.m. ET (9 a.m. CT), led by CEO Trey Adams and CFO Todd Scruggs. The earnings release and presentation will be available at hpinc.com. Investors can participate by phone or audio webcast; a webcast replay will remain available for 365 days in the website's Investor Hub.
Helmerich & Payne (NYSE: HP) expects fiscal fourth-quarter 2026 direct margins near the upper end of guidance across its three operating segments.
Direct margins, a segment financial measure, are expected at or near guidance highs, including around $45 million for International Solutions. North America Solutions average rig count is expected near the guidance high; International Solutions rig count and Offshore Solutions rig count and management contracts are expected near guidance midpoints. Other financial guidance issued August 5, 2026, is unchanged.
H&P expects stronger overall direct margins in fiscal 2027 versus 2026, with Latin America growth partly offset by near-term Middle East activity reductions. Middle East conflict has caused operational disruptions. The company targets approximately 1x net debt to adjusted EBITDA, a leverage measure, by calendar year-end 2027 while maintaining its base dividend.
Helmerich & Payne (NYSE: HP) announced an expanded deployment of its FlexRobotics® drilling automation technology with ExxonMobil (NYSE: XOM).
Two systems have already been deployed on H&P rigs. H&P expects to deploy seven additional systems over the next 12 months, bringing the operating total to nine. The technology automates repetitive rig-floor activities and is designed to reduce personnel exposure to higher-risk tasks.
Helmerich & Payne (NYSE: HP) was selected by Formentera Partners, Daly Waters Energy and INPEX to provide an additional HP-480 FlexRig® for development of Australia’s Beetaloo Basin, with rig arrival expected in the second quarter of 2027. This will be H&P’s second operating rig in the Beetaloo and third in Australia, and the contract secures rig capacity through the end of the decade, with an option to extend to 2032.
According to Formentera, the super-spec FlexRig® is designed for extended‑reach laterals beyond 20,000 feet and uses integrated automation to enhance drilling efficiency. Formentera and partners highlight multi‑TCF resource potential on 1.9 million net acres and a 40 MMcf/d gas supply contract with the Northern Territory Government targeted to start in Q3 2026.
Helmerich & Payne (NYSE: HP) reported fiscal Q3 2026 consolidated revenue of $1.035 billion and net income attributable to the company of $76 million, or $0.74 per share, including an estimated $115 million gain from the sale of Utica Square. Adjusted for select items, the company recorded an adjusted loss of $(10) million, or $(0.11) per share, and generated consolidated adjusted EBITDA of $236 million.
North America Solutions delivered operating income of $140 million and direct margin of $241 million, or $18,669 per day, with 142 rigs active. International Solutions posted an operating loss of approximately $(54) million but improved direct margin to $31 million with 65 rigs working. Offshore Solutions reported operating income of about $17 million, direct margin of $29 million, and a strengthened offshore backlog of $3.6 billion from a four‑year Norway renewal. Approximately $25 million was returned to shareholders via dividends. Q4 guidance includes segment direct margin ranges and full‑year FY26 capex of $270–$310 million.
Tamboran Resources (NYSE/ASX: TBN) reported completion of stimulation, cleanout and completion operations on the Shenandoah South 3H, 4H and 5H wells in the Northern Pilot Area of the Beetaloo Basin. The campaign, executed with a Liberty Energy (NYSE: LBRT) frac fleet, was the basin’s first three‑well zipper stimulation and its largest to date, placing 178 stages across approximately 30,000 feet in the Mid Velkerri B Shale.
The program averaged 6.7 stages per day, including Beetaloo records of more than 20 pumping hours per day and 12 stages in a single day. Tamboran also placed the first “Beetaloo Red” locally produced sand in 10 stages of SS‑4H, with tracers deployed to compare performance with imported sand. The wells are planned to be tied into the Sturt Plateau Compression Facility, which remains on schedule and within the A$141 million (~US$97 million) gross budget, with first gas sales to the Northern Territory Government targeted for 3Q 2026. Tamboran has started drilling SS‑7H, ‑8H and ‑9H with a Helmerich & Payne (NYSE: HP) rig, and holds a 44.38% working interest in about 20,245 gross prospective acres in the Northern Pilot Area and 20,236 in the Southern Pilot Area.
Helmerich & Payne (NYSE: HP) scheduled a conference call and webcast to discuss its fiscal third quarter 2026 earnings release and other potential material developments. The call, led by President and CEO Trey Adams and SVP and CFO Todd Scruggs, will take place at 10 a.m. ET (9 a.m. CT) on Thursday, August 6, 2026. Investors can participate via domestic or international phone lines using Conference ID 8620792, or via an online audio webcast. The earnings release, presentation, and a 365-day replay will be available in the Investor Hub section of hpinc.com.
Helmerich & Payne (NYSE: HP) reported Q2 FY2026 consolidated revenue of $932 million and a consolidated net loss of $59 million (loss per share $(0.59)), including a $26 million non‑cash impairment. Adjusted loss was $(38) million and adjusted EBITDA totaled $178 million. The company completed the sale of Utica Square with after‑tax proceeds above $100 million, retired a term loan reducing post‑acquisition debt by $400 million, returned about $25 million in dividends, and advanced FlexRobotics rollout. Management provided Q3 and FY'26 direct margin, rig count, and capex guidance ranges.
Helmerich & Payne (NYSE: HP) will host its fiscal second quarter 2026 earnings conference call on Thursday, May 7, 2026 at 11:00 a.m. ET. President and CEO Trey Adams and SVP/CFO Kevin Vann will lead the call and discuss the Q2 2026 results and other material developments.
The earnings release and presentation will be available at hpinc.com. Investors may join via phone or live audio webcast; the replay will be archived for 365 days on the company website. Investor questions may be directed to Kris Nicol, VP of Investor Relations, at investor.relations@hpinc.com.
Helmerich & Payne (NYSE: HP) completed the sale of Utica Square on April 2, 2026, to funds managed by Northwood Investors.
The divestiture generated after-tax proceeds exceeding the previously communicated $100 million target and was used largely to retire the company’s remaining term loan balance, supporting debt reduction and portfolio focus.