Recent Updates — HP
Helmerich & Payne issued a press release updating its fourth quarter and full-year fiscal 2026 outlook. The company anticipates strong operational results, with direct margins for its North America Solutions, International Solutions, and Offshore Solutions segments expected to be at or near the high-end of previously issued guidance ranges. Specifically, North America Solutions average rig count is projected near the high end, while International Solutions rig count is anticipated near the midpoint. Management highlighted that International Solutions is expected to report direct margins of approximately $45 million for the quarter. The company also maintained its constructive outlook for fiscal 2027, citing encouraging customer discussions and contracting activity across its global portfolio. Helmerich & Payne designs, fabricates, and operates high-performance drilling rigs in conventional and unconventional plays around the world.
On September 16, 2026, Helmerich & Payne's Board ratified compensation increases for President and CEO Raymond John “Trey” Adams III and Senior Vice President and CFO Todd Scruggs. Effective October 1, 2026, Mr. Adams’ base salary rises to $1,000,000 with a target bonus of 130% of base and long-term equity awards at 500% of base for fiscal 2027. Mr. Scruggs’ base salary increases to $570,000 with a target bonus of 100% of base for the same period. Helmerich & Payne operates in the oil and gas industry, providing drilling contracting services.
On September 16, 2026, the Board of Directors declared a quarterly cash dividend of $0.25 per share on common stock. The payment is scheduled for December 2, 2026, to shareholders of record as of November 18, 2026. Helmerich & Payne operates in the oil and gas industry, providing drilling contracting services.
Helmerich & Payne reported fiscal third quarter results ending June 30, 2026, with consolidated revenue of $1.035 billion and net income attributable to the company of $76 million, or $0.74 per share. This result included an approximately $115 million after-tax gain from the sale of Utica Square; adjusted losses were $(10) million, or $(0.11) per share. Adjusted EBITDA totaled $236 million. North America Solutions generated $140 million in operating income with a direct margin of $241 million ($18,669 per day). International Solutions reported an operating loss of approximately $(54) million and Offshore Solutions reported operating income of approximately $17 million. The company returned approximately $25 million to shareholders through its ongoing dividend program during the quarter. Helmerich & Payne designs, fabricates, and operates high-performance drilling rigs for oil and gas exploration worldwide.