Helmerich & Payne is at a critical inflection point following its $1.97B KCA Deutag acquisition and subsequent operational recovery. HP's Q3 FY2026 showed accelerating North America margins, narrowing international losses, and strong free cash flow, despite adjusted EPS remaining negative. The stock is testing $42.60, a technical ceiling since 2022; a close above this, coupled with international profitability or improved credit metrics, is key for confirmation.
HP's Q3 fiscal 2026 earnings miss estimates, while $1 billion in revenues beat expectations amid mixed segment results.
Helmerich & Payne's discounted sales valuation and improving cash flow offer appeal, but persistent losses cloud the path to sustained profitability.
Following a careful analysis of the Zacks Oil and Gas - Drilling industry, we advise focusing on companies like PTEN, NBR and HP.
Helmerich & Payne NYSE: HP reported fiscal third-quarter 2026 results that exceeded the midpoint of its guidance across all three operating segments, supported by a rebound in U.S. drilling activity, stronger Latin American performance and performance-related bonuses in its offshore business.
Although the revenue and EPS for Helmerich & Payne (HP) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Helmerich & Payne, Inc. (HP) Q3 2026 Earnings Call Transcript
The headline numbers for Helmerich & Payne (HP) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Helmerich & Payne (HP) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of $0.11. This compares to earnings of $0.22 per share a year ago.
Helmerich & Payne (HP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Following a careful analysis of the Zacks Oil and Gas - Drilling industry, we advise focusing on companies like PTEN, HP and NBR.
For fiscal 2026, HP expects North America rig activity of 138-144, international activity of 58-68 rigs, cash taxes of $125-$150 million and interest expense of about $100 million.