Helmerich & Payne swings to FY26 Q3 profit of USD 76 million; revenue rises to USD 1.04 billion
HP•North America, international and offshore results
North America Solutions operating income rose to $140 million. Direct margin climbed to $241 million, or $18,669 per day, with 142 rigs active.
International Solutions operating loss narrowed to $54 million. Direct margin improved to $31 million, with 65 rigs working.
Offshore operating income increased to $17 million. Offshore backlog reached $3.6 billion after a four-year Norway renewal, with 4Q direct-margin guidance of $245 million to $255 million in North America.
Helmerich & Payne reports third-quarter profit and higher revenue
Helmerich & Payne reported revenue of $1.04 billion for the quarter ended June 30, 2026, and net income attributable to shareholders of $76 million, or $0.74 per share.
Results included a $115 million gain from the Utica Square sale. Excluding that item, adjusted net loss was $10 million, or , on adjusted EBITDA of .
