Helmerich & Payne Q3 Revenue Tops Estimates, Guides Strong Margins
HP has more than doubled off its 52-week low of $15.17.
Summary
Helmerich & Payne reported fiscal Q3 revenue of $1.04 billion, beating the $988.74 million consensus, driven by increased rig deployments and higher daily margins in North America. Net income of $76 million included a $115 million gain from the Utica Square real estate sale; adjusted loss per share was $0.11. The company guided Q4 North America Solutions direct margin to $245–$255 million and International Solutions to $25–$45 million, reflecting strong demand from private operators and new contracts in Argentina's Vaca Muerta. Offshore results also benefited from performance bonuses and a contract renewal in Norway. This follows a Q2 net loss of $58.6 million and asset impairments, marking a significant operational turnaround. The revenue beat and robust margin guidance signal improving fundamentals in a recovering drilling market.
At the time of this announcement, HP was trading at $33.60 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $3.3B. The 52-week trading range was $15.17 to $41.82. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.