Helmerich & Payne (HP)
NYSE:HP
Want to see HP full AI Analyst Report?
Earnings Data
Report Date
Jul 29, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.07Last Year’s EPS
0.22Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple operational and commercial positives — solid revenue and adjusted EBITDA, stronger North America outlook with higher full-year rig count guidance, successful technology deployments (FlexRobotics), a major offshore contract extension with BP, the sale of Tulsa real estate and accelerated debt paydown, and meaningful liquidity and cost reductions. Near-term challenges are concentrated in the Middle East (supply chain disruption, elevated OpEx, and a few rig suspensions), a reported net loss driven by a noncash impairment, timing-driven negative free cash flow this quarter, and higher near-term taxes and CapEx that will temper free cash flow conversion. Management characterized many headwinds as discrete/transitory and raised guidance for the back half of the year, pointing to a multiyear upcycle opportunity. Overall, the positives (operational momentum, balance-sheet improvement, technology traction and improved NAS demand) substantially outweigh the transitory negatives tied to the geopolitical environment and timing impacts.Company Guidance
Solid Quarterly Financials and Revenue
Revenue of $932 million and adjusted EBITDA of $178 million (aligned with low-to-midpoint of implied guidance).
North America Operational Strength
Averaged 136 contracted rigs (exited quarter at 137 and recently 138), North America Solutions direct margin of ~$215 million and total direct margin of ~$17,600 per day; company raised full-year NAS rig count outlook to 138–144 rigs and Q3 NAS direct margin guidance of $230–$240 million.
FlexRobotics Technology Traction
FlexRobotics performing ahead of expectations: first rig operating its fifth pad; plan to deploy 4 additional systems (5 total), with first 3–4 operational this calendar year — signals accelerated technology adoption and potential multi-rig rollout.
Offshore Contract Wins and Performance
Offshore direct margin of ~$27 million (above midpoint); secured a 5-year firm contract extension with BP in the Caspian Sea with three 1-year options — upside that could exceed $1 billion if all extensions exercised.
International & Latin America Momentum
International activity stable with 61 rigs working; Latin America progress with 9 rigs operating in Argentina's Vaca Muerta and a path to 12 rigs (100% utilization for in-country fleet possible).
Balance Sheet and Liquidity Improvements
Closed sale of Utica Square with after-tax proceeds exceeding $100 million, used to repay the $400 million term loan ahead of schedule; cash and short-term investments ~$199 million and total liquidity including revolver approx $1.15 billion; objective to reach ~1.0x leverage and pay $350 million bond due end of 2027 early.
Capital Efficiency and Cost Reduction
Q2 capital expenditures were $63 million (below plan); SG&A reduced by more than $50 million compared to premerger stand-alone run rates; excluding working capital, free cash flow for the quarter was $74 million.
Market Position and Capacity Advantage
H&P operates ~138 super-spec rigs representing over 30% of the industry market in the Lower 48; super-spec utilization is >80% industry-wide and H&P estimates ~20 idle super-spec rigs could be reactivated at maintenance CapEx levels, positioning the company to capture incremental share as activity ramps.
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 |
|---|---|---|---|
May 06, 2026 | $39.58 | $36.67 | -7.36% |
Feb 04, 2026 | $35.90 | $34.05 | -5.16% |
Nov 17, 2025 | $26.98 | $26.19 | -2.92% |
Aug 06, 2025 | $14.93 | $15.40 | +3.16% |
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 Jul 29, 2026, After Close (Confirmed).
What is Helmerich & Payne (HP) earnings time?
Helmerich & Payne (HP) earnings time is at Jul 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 (Q3) is 0.07.
