Helmerich & Payne Q3 revenue beats analyst estimates, posts profit on gain from asset sale

Helmerich & Payne expects fourth-quarter North America Solutions direct margin of $245 million to $255 million.

The company sees fourth-quarter International Solutions direct margin of $25 million to $45 million.

It forecasts fiscal 2026 gross capital expenditures of $270 million to $310 million.

Helmerich & Payne said fiscal third-quarter revenue rose and beat analyst expectations. The company posted net income of $76 million, while adjusted loss per share was $0.11.

Quarterly profit included a $115 million gain from the sale of Utica Square real estate.

• North America demand - The company deployed more rigs and grew daily margins in its North America Solutions segment due to increased demand from private operators.
• International momentum - Helmerich & Payne secured contracts for five additional rigs in Argentina, supported by activity in the Vaca Muerta shale basin.
• Offshore bonuses - The Offshore segment benefited from performance-related bonuses and a contract renewal in Norway.