Helmerich & Payne provides fourth-quarter financial, operational update
Helmerich & Payne said it expects direct margins in its North America, International and Offshore Solutions businesses to be at or near the high end of prior guidance for fiscal fourth quarter 2026. The company also said all other guidance from its August 5 earnings release is unchanged.
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12:01:19 PM UTC
SquawkNews
Press Release: H&P Provides Fourth Quarter Financial & Operational Update
12:02:48 PM UTC
SquawkNews
H&P expects fiscal 4Q 2026 direct margins near the high end of guidance for North America, International, Offshore Solutions. North America average rig count seen near the high end of the prior range; International, Offshore activity expected near midpoints. International Solutions direct margins forecast at about $45 million for the quarter. Fiscal 2027 outlook calls for stronger overall direct margins than 2026 on improving contracting activity. Targets about 1x net debt to adjusted EBITDA by calendar year-end 2027 while maintaining the base dividend. 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 (Ref. ID: 202610070800BIZWIRE_USPR_____20261007_BW183786) on October 07, 2026, and is solely responsible for the information contained therein. (C)