Helmerich & Payne swings to FY26 Q3 profit of USD 76 million; revenue rises to USD 1.04 billion

Reuters2026/08/05 21:19

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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: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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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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