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Helmerich & Payne (HP)
NYSE:HP
Earnings Data
Report Date
Apr 29, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0Last Year’s EPS
0.02Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a largely constructive operational and financial picture: revenue held at $1B, adjusted EBITDA beat at $230M, strong free cash flow generation, meaningful progress on deleveraging (65% of term loan repaid) and clear technology/contract wins (FlexRobotics, FlexRig improvements, geothermal awards). Offsetting items were primarily timing and one-time impacts — ~$103M non-cash impairment, reactivation cost lumpiness shifting into Q2 (and a bit into Q3), short-term North America softness and some offshore seasonality. Management kept full-year guidance intact, trimmed CapEx modestly, and emphasized returning rigs to work, margin improvement in later quarters and a path to pay down remaining debt. Overall, positive operational momentum and balance-sheet repair outweigh near-term timing and impairment headwinds, with management confident in margin recovery later in the fiscal year.Company Guidance
Strong quarterly financial performance
Revenue of $1.0 billion (third consecutive quarter at $1B) and adjusted EBITDA of $230 million, coming in ahead of expectations; free cash flow of $126 million for the quarter.
Progress on deleveraging and liquidity
Paid down $260 million of the $400 million term loan (65% repaid) as of end of January; cash and short-term investments of ~$269 million and total liquidity (including revolver) of ~ $1.2 billion; target to repay remaining term loan ahead of schedule (mid-2026).
North America operational strength
North America averaged 143 rigs working and delivered North America direct margin of $239 million with average gross margin above $18,000 per day; management emphasized maintaining ~45%-50% direct margin discipline.
International segment outperformance and Saudi reactivations
International Solutions ended the quarter with ~59 rigs and generated approx. $29 million of direct margin, exceeding the guidance range ($13M-$23M) primarily due to timing of reactivation costs and stronger FlexRig utilization; management expects 7 Saudi rig reactivations (2 masts raised to date) with most reactivations completed by mid-2026 and ~$5M annualized EBITDA contribution per reactivated rig.
Offshore Solutions stability
Offshore segment produced approx. $31 million of direct margin, with 3 active rigs and 33 management contracts (management contracts provide durable, capital-light cash flow); full-year offshore direct margin guide retained at $100M-$115M.
Technology and innovation progress (FlexRobotics & FlexRig)
FlexRobotics has been deployed successfully on 3 pads for a Super Major in the Permian, automating drilling/connections; FlexRig fleet showed meaningful margin improvement in Jafurah and management expects continued margin expansion from FlexRigs (historical fleet contribution cited in the $20M-$25M range).
Geothermal and international contract wins
Contract awards for geothermal rigs in Germany, Denmark and the Netherlands during the quarter, plus another North American geothermal rig in January; additional deployments in Australia and Pakistan and ongoing discussions in Middle East/North Africa.
Capital discipline and cost optimization
Q1 CapEx of $68 million (below sequential run rate) and trimmed full-year gross CapEx guidance to $270M-$310M; SG&A reduced by over $50 million relative to pre-acquisition run rates and line-of-sight on ~$100 million of portfolio divestments.
HP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 04, 2026 | $36.13 | $34.27 | -5.16% |
Nov 17, 2025 | $27.15 | $26.36 | -2.92% |
Aug 06, 2025 | $15.03 | $15.50 | +3.16% |
May 07, 2025 | $18.18 | $17.55 | -3.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Helmerich & Payne (HP) report earnings?
Helmerich & Payne (HP) is schdueled to report earning on Apr 29, 2026, After Close (Confirmed).
What is Helmerich & Payne (HP) earnings time?
Helmerich & Payne (HP) earnings time is at Apr 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HP EPS forecast?
HP EPS forecast for the fiscal quarter 2026 (Q2) is 0.
