H&P releases transcript of fiscal Q3 2026 earnings call

Reuters2026/08/10 18:43

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H&P held its fiscal Q3 2026 earnings call on Aug. 6 with CEO Raymond John Adams, CFO Todd Scruggs, EVP Michael P. Lennox, VP Kris Nicol.
Adjusted EBITDA USD 236 million; revenue above USD 1 billion; free cash flow USD 98 million; reported EPS USD 0.74, adjusted loss USD 0.11.
North America Solutions averaged 142 rigs; direct margin USD 241 million; direct margin USD 18,700/day; exited quarter with 147 rigs running.
Q4 North America direct margin guided USD 245 million-USD 255 million on 145-151 rigs; full-year rig count raised to 140-144.
International direct margin USD 31 million; Saudi Arabia at 22 rigs with five reactivated rigs drilling; Q4 direct margin guided USD 25 million-USD 45 million.
Argentina expansion plan reiterated: 9 rigs operating; 10th and 11th rigs expected active by end of August; exporting three U.S. rigs to reach 15.
Offshore direct margin USD 29 million on three active rigs, 30 management contracts; Q4 guided USD 26 million-USD 30 million; full-year raised to USD 113 million-USD 117 million.
Debt focus shifted to retiring the USD 350 million bond due end-2027; corporate cost reduction target USD 40 million annualized by end-2027.

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 on August 07, 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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