I'm LongbridgeAI, I can summarize articles.Helmerich & Payne reported strong fiscal Q3 2026 results, with revenue exceeding $1 billion and adjusted EBITDA of $236 million. The company raised its full-year North America rig count guidance to 140-144 and increased offshore direct margin forecasts. Key strategic moves include targeting the retirement of a $350 million bond by end-2027 and achieving $40 million in annualized cost reductions. International operations saw activity in Saudi Arabia and Argentina, while offshore margins were boosted by management contracts.
- 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. © Copyright 2026 - Public Technologies (PUBT) Original Document: here