<span item_type="fundamental" item_id="daa53951a255a3e2711bff94454c7e4d" counter_id="ST/US/HP" env="prod"></span><span item_type="announcement" item_id="612514370723449857" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 1.017 B, beating the estimate of USD 988.54 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD -0.98, missing the estimate of USD 0.0533.</p><p>EBIT: As of FY2026 Q1, the actual value is USD -37.06 M.</p><p></p><h3>Consolidated Financial Performance (Three Months Ended December 31, 2025)</h3><h4>Net Income</h4><p>Helmerich &amp; Payne, Inc. reported a consolidated net loss of - $96.7 million for the quarter ended December 31, 2025, which included a non-cash impairment charge of $103.1 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span> Adjusted for this and other non-recurring items, adjusted earnings were - $14.4 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span> The net loss attributable to [赫尔默里奇&amp;佩恩] was - $96.7 million, compared to - $57.4 million in the prior quarter (September 30, 2025) and a net income of $54.8 million in the same period last year (December 31, 2024).<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span></p><h4>Operating Revenues</h4><p>Total operating revenues for the quarter were $1,017.0 million, slightly up from $1,011.7 million in the prior quarter and significantly higher than $677.3 million in the same period last year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span> Drilling services revenue was $981.1 million, and other revenue was $35.9 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span></p><h4>Operating Income (Loss)</h4><p>Consolidated operating loss was - $59.9 million, compared to - $1.5 million in the prior quarter and an operating income of $90.9 million in the same period last year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span></p><h4>Adjusted EBITDA</h4><p>Consolidated adjusted EBITDA totaled $230.4 million for the quarter, compared to $224.9 million in the prior quarter and $199.8 million in the same period last year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span></p><h4>Cash Flow</h4><p>Net cash provided by operating activities was $182.4 million for the quarter, compared to $158.4 million in the same period last year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span> Capital expenditures were - $67.6 million, compared to - $106.5 million in the same period last year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span> Net cash used in financing activities was - $69.8 million, compared to - $33.2 million in the same period last year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span></p><h4>Debt and Shareholder Returns</h4><p>[赫尔默里奇&amp;佩恩] has repaid $260 million on its $400 million term loan as of the end of January 2026, with full repayment expected by the end of the third fiscal quarter of 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span> Approximately $25 million was returned to shareholders through the Company’s ongoing dividend program during the quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span></p><h3>Segment Performance (Three Months Ended December 31, 2025)</h3><h4>North America Solutions (NAS)</h4><ul><li><strong>Operating Income</strong>: $36.2 million, a decrease from $118.2 million in the prior quarter, and $152.2 million in the same period last year, including a one-time impairment of - $97.9 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span></li><li><strong>Direct Margin</strong>: $238.8 million, slightly lower than $242.0 million in the prior quarter, and $265.8 million in the same period last year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span> Direct margin per day averaged $18,193 with 143 rigs operating.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span></li><li><strong>Operational Metrics</strong>: Revenue days were 13,126, average active rigs were 143, and 139 active rigs were reported at the end of the period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span> The number of available rigs at the end of the period was 203.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span></li></ul><h4>International Solutions</h4><ul><li><strong>Operating Loss</strong>: - $55.3 million, an improvement from - $75.7 million in the prior quarter, but a larger loss than - $14.5 million in the same period last year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span></li><li><strong>Direct Margin</strong>: $28.7 million, slightly below $29.5 million in the prior quarter, and an improvement from - $6.9 million in the same period last year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span></li><li><strong>Operational Metrics</strong>: Revenue days were 5,444, average active rigs were 59, and 59 active rigs were reported at the end of the period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span> The number of available rigs at the end of the period was 131.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span></li></ul><h4>Offshore Solutions</h4><ul><li><strong>Operating Income</strong>: $16.4 million, a decrease from $20.3 million in the prior quarter, and an increase from $3.5 million in the same period last year, including a one-time impairment of - $2.1 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span></li><li><strong>Direct Margin</strong>: $31.0 million, lower than $34.8 million in the prior quarter, and higher than $6.5 million in the same period last year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span></li><li><strong>Operational Metrics</strong>: Revenue days were 276, average active rigs were 3, and 3 active rigs were reported at the end of the period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span> The number of available rigs at the end of the period was 4.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span></li></ul><h3>Outlook / Guidance</h3><h4>Second Quarter of Fiscal Year 2026</h4><p>[赫尔默里奇&amp;佩恩] anticipates North America Solutions direct margin to be between $205 million and $230 million, with an average rig count of approximately 132 to 138 contracted rigs.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span> International Solutions direct margin is projected between $12 million and $22 million, with an average rig count of approximately 57 to 63 contracted rigs.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span> Offshore Solutions direct margin is expected to be between $20 million and $30 million, with approximately 30 to 35 average management contracts and contracted platform rigs.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span></p><h4>Fiscal Year 2026 Estimates</h4><p>For the full fiscal year 2026, depreciation is now expected to be approximately $700 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span> Research and development expenses are still anticipated to be roughly $25 million, while general and administrative expenses are expected to range from $265 million to $285 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span> Cash taxes to be paid are still estimated at $95 million to $145 million, and interest expense is projected to be approximately $100 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/q1fy26earningsrelease.htm"></span></p>

Helmerich & Payne | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 1.017 B