HP

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Helmerich & Payne (HP) is back in focus after reporting a wider-than-expected quarterly loss, with weaker North America rig activity and higher Middle East operating costs weighing on revenue and earnings estimates. See our latest analysis for Helmerich & Payne. Despite the weak quarter and operational disruptions, the stock has held up, with the latest share price at $39.50 and a 30 day share price return of 17.42%, while the 1 year total shareholder return of 128.77% suggests earlier investors have already seen very strong gains. This may indicate that recent momentum is consolidating rather than accelerating. If this kind of move in an energy driller has your attention, it can be useful to compare it with other companies tied to large infrastructure build outs, including power systems that support energy and data demand, using the 34 power grid technology and infrastructure stocks With Helmerich & Payne trading near the latest analyst target and below some intrinsic value estimates, the key question now is whether recent losses and disruptions leave hidden upside or if the stock already reflects future growth. Analysts put Helmerich & Payne's fair value close to $38.40, slightly below the last close at $39.50. This frames a modest premium in today's price. Read the complete narrative. Want to see what justifies that fair value so close to the current price? The narrative leans heavily on steady sales, rising margins, and a richer earnings multiple down the line. Curious how those moving parts fit together, and which assumptions do the real heavy lifting for that target? Result: Fair Value of $38.40 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, there are still clear pressure points, including potential overcapacity from more efficient drilling as well as Helmerich & Payne's heavy reliance on U.S. shale activity and day rates. Find out about the key risks to this Helmerich & Payne narrative. Analysts see Helmerich & Payne as about 2.9% overvalued at $39.50, yet its current P/S of 1x sits well below both peers at 2.1x and the 1.1x fair ratio. That gap suggests the market is pricing in more caution than the consensus narrative. This raises an important question: whi...

Helmerich & Payne’s first quarter was marked by operational disruptions stemming from conflict in the Middle East, which contributed to the company missing Wall Street’s expectations for both revenue and non-GAAP earnings. Management cited increased costs and rig suspensions in Iraq and Bahrain, along with supply chain constraints, as the primary drivers behind the underperformance. CEO Raymond Adams referred to the situation as “a very fluid environment,” noting that these challenges led to higher operating expenses and lower direct margins, particularly in the International Solutions segment. The company also pointed to stable operational activity elsewhere and underscored the resilience of its teams during this period. Is now the time to buy HP? Find out in our full research report (it’s free). Revenue: $932.4 million vs analyst estimates of $950.3 million (8.2% year-on-year decline, 1.9% miss) Adjusted EPS: -$0.38 vs analyst estimates of -$0.04 (significant miss) Adjusted EBITDA: $179.3 million vs analyst estimates of $189 million (19.2% margin, 5.2% miss) Operating Margin: -4%, down from 4.1% in the same quarter last year Market Capitalization: $3.91 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Arun Jayaram (JPMorgan): Asked about the pace of North America Solutions recovery and margin progression; CEO Raymond Adams and EVP Mike Lennox described trough conditions in Q2 and pointed to tightening rig supply and efficiency gains as drivers of sequential improvement. Scott Gruber (Citigroup): Sought detail on International Solutions guidance and timing for margin recovery; CFO Kevin Vann explained the impact of Middle East disruptions and maintained the $45 million quarterly run rate as a medium-term target, pending stabilization. Derek Podhaizer (Piper Sandler): Questioned the sequencing of margin improvements across business segments; incoming CFO Todd Scruggs outlined expectations for sequential improvement in both North America and international operations, with offshore performance remaining steady. Saurabh Pant (Bank of America): Inquired about technology-driven efficiency gains and FlexRobotics sc...

Oilfield services and equipment stocks delivered strong Q1 results, mainly driven by stable North Am

Helmerich & Payne, Inc. HP reported a second-quarter fiscal 2026 adjusted net loss of 38 cents per share, wider than the Zacks Consensus Estimate of an adjusted net loss of 6 cents. Moreover, the bottom line decreased considerably from the year-ago quarter’s reported profit of 2 cents. This was due to a weaker rig activity in North America and international markets, and significantly higher operating costs related to its Middle East operations. The International Solutions segment posted an operating loss of nearly $100 million as the company incurred additional expenses to reactivate rigs in Saudi Arabia and work around supply-chain disruptions caused by the Middle East conflict. Moreover, the quarter included a $26 million non-cash impairment charge, which further pressured profitability. Revenues totaled $932 million, missing the consensus mark of $946 million by 1.46%. The top line also declined 8.2% year over year from the prior-year quarter’s level of $1 billion, primarily due to lower revenue contributions from drilling services. Helmerich & Payne, Inc. price-consensus-eps-surprise-chart | Helmerich & Payne, Inc. Quote The company returned approximately $25 million to shareholders through its ongoing dividend program during the quarter. Management also noted continued progress in expanding the deployment of FlexRobotics technology to support customer demand. North America Solutions: Operating revenues of $517.2 million decreased 13.7% year over year. Moreover, the top line missed our projection of $519.1 million. The segment averaged 136 active rigs in the quarter and delivered a direct margin of $215.2 million, or $17,628 on a per-day basis, maintaining industry-leading performance. Segment operating income was $111.3 million, improving sequentially from the prior quarter that included a one-time impairment, but down from $151.9 million in the year-ago period. However, the reported figure beat our estimate of $93.9 million. HP highlighted strengthening customer sentiment and meaningful commercial momentum across the U.S. land market, supported by new contracts and extensions across multiple basins. International Solutions: Operating revenues were $218.3 million, down 11.9% from $247.9 million a year ago. Moreover, the top line missed our projection of $231 million. The segment recorded an operating loss of approximately $100 million and generated abou...

Helmerich & Payne (HP) reported $932.36 million in revenue for the quarter ended March 2026, representing a year-over-year decline of 8.2%. EPS of -$0.38 for the same period compares to $0.02 a year ago. The reported revenue represents a surprise of -1.46% over the Zacks Consensus Estimate of $946.15 million. With the consensus EPS estimate being -$0.06, the EPS surprise was -570.19%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Helmerich & Payne performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Average active rigs - North America Solutions: 136 versus the four-analyst average estimate of 135. Average active rigs - Offshore Solutions: 3 versus the four-analyst average estimate of 3. Number of available rigs at the end of period - Offshore Solutions: 4 versus 4 estimated by four analysts on average. Number of available rigs at the end of period - International Solutions: 130 versus the four-analyst average estimate of 130. Number of available rigs at the end of period - North America Solutions: 203 versus 205 estimated by four analysts on average. Operating Revenues- International Solutions: $218.32 million versus the four-analyst average estimate of $229.77 million. The reported number represents a year-over-year change of -11.9%. Operating Revenues- Offshore Solutions: $171.38 million versus the four-analyst average estimate of $159.12 million. Operating Revenues- North America Solutions: $517.25 million versus the four-analyst average estimate of $517.24 million. The reported number represents a year-over-year change of -13.8%. Operating Revenues- Total sales- Intersegment- Eliminations: $-23.19 million versus $-16.39 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -11.4% change. Operating Revenues- Total sales- Other: $48.61 million compared to the $46.91 million average estimate based on two analysts. The reported number represent...

Shareholders might have noticed that Helmerich & Payne, Inc. (NYSE:HP) filed its second-quarter result this time last week. The early response was not positive, with shares down 7.1% to US$37.78 in the past week. It was a pretty bad result overall; while revenues were in line with expectations at US$932m, statutory losses exploded to US$0.59 per share. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Following last week's earnings report, Helmerich & Payne's eleven analysts are forecasting 2026 revenues to be US$3.96b, approximately in line with the last 12 months. Losses are predicted to fall substantially, shrinking 56% to US$1.64. Yet prior to the latest earnings, the analysts had been forecasting revenues of US$3.98b and losses of US$1.09 per share in 2026. So it's pretty clear the analysts have mixed opinions on Helmerich & Payne even after this update; although they reconfirmed their revenue numbers, it came at the cost of a very substantial increase in per-share losses. Check out our latest analysis for Helmerich & Payne As a result, there was no major change to the consensus price target of US$39.47, with the analysts implicitly confirming that the business looks to be performing in line with expectations, despite higher forecast losses. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. The most optimistic Helmerich & Payne analyst has a price target of US$47.00 per share, while the most pessimistic values it at US$30.00. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure. One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the...

Interested in Helmerich & Payne, Inc.? Here are five stocks we like better. North America is improving: Helmerich & Payne said the second quarter likely marked the trough for North America rig count and margins, and it raised its third-quarter and full-year rig outlook as drilling demand improves. Management pointed to tighter super-spec rig availability and activity from private E&P and smaller independents. Middle East disruptions hurt international margins: Conflict-related costs, supply chain issues and rig suspensions in Iraq, Bahrain and Saudi Arabia weighed on International Solutions results, pushing direct margin to the low end of guidance. Even so, the company still expects to meet its annual international rig guidance, helped by growth in Latin America. Balance sheet strength and technology expansion remain priorities: H&P used proceeds from the Utica Square sale to repay its remaining term loan and ended the quarter with about $1.15 billion in liquidity. The company is also expanding its FlexRobotics deployments and expects higher 2026 capex tied to activity growth and rig reactivations. MarketBeat Week in Review – 03/30 - 04/03 Helmerich & Payne (NYSE:HP) said fiscal second-quarter results were supported by steady execution in North America and offshore operations, while conflict-related disruptions and supply chain constraints in the Middle East weighed on its international margins. President and CEO Trey Adams said adjusted EBITDA for the quarter was $178 million, which aligned with the lower end to midpoint of the company’s implied guidance. Revenue totaled $932 million, according to Chief Financial Officer Kevin Vann. The company reported a net loss of $0.59 per diluted share, including about $26 million of non-cash impairment charges. Excluding those items, H&P generated a loss of $0.38 per share. → Rocket Lab Posts Record Q1 Revenue, Raises Q2 Guidance HP Inc. Stock Is Historically Cheap, but Can AI Change the Story? Management said the Middle East conflict affected the quarter in several ways, including higher costs, supply chain constraints and rig suspensions. Adams said the company used in-house engineering and aftermarket capabilities to reactivate rigs in Saudi Arabia using in-country equipment, which helped avoid customer delays but shifted some spending into operating expenses and pressured direct margins. International Solutions de...

Image source: The Motley Fool. May 7, 2026 at 11:00 a.m. ET President and CEO — Raymond John Adams Chief Financial Officer — J. Kevin Vann Incoming Chief Financial Officer — Todd Scruggs Executive Vice President, Western Hemisphere — Michael P. Lennox Raymond John Adams, our President and CEO, will be joined by J. Kevin Vann, Chief Financial Officer, Todd Scruggs, incoming CFO, and Michael P. Lennox, Executive Vice President of the Western Hemisphere. Before we begin our prepared remarks, I would like to remind everyone that this call will include forward-looking statements as defined under securities laws. Although management believes that expectations reflected in such forward-looking statements are reasonable, it can give no assurance that expectations will prove to be correct. Please refer to our filings with the SEC for a list of factors that may cause results to differ materially from those in the forward-looking statements made during this call. Adjusted EBITDA, direct margin, adjusted EPS, and free cash flow are non-GAAP measures. The most directly comparable GAAP measures and reconciliations are included in our earnings release and investor materials on our Investor Relations website. I also want to highlight that we have a presentation that supports the prepared remarks from the management team and can be found on the IR website. With that, I will turn the call over to Raymond. Thank you. Raymond John Adams: Hello, everyone. Thank you for joining us. As always, we appreciate your interest in Helmerich & Payne, Inc. I will begin with an overview of our fiscal second quarter results. I will then discuss the broader macro environment, current dynamics in the rig market, and several key commercial developments, including a specific update on our NASS business segment. J. Kevin Vann will then walk through our financial results and provide guidance for the third quarter and full fiscal year. To wrap up, I will return to summarize key takeaways before we open the line for questions. Turning to slide four of the presentation, execution remains strong, leading to solid operational performance. Adjusted EBITDA for the period was $178 million, which aligned with the lower end to midpoint of our implied guidance. This was primarily led by impacts of the conflict in the Middle East. Specifically, during the quarter, we were able to utilize our in-house engineer...

TULSA, Okla. (AP) — TULSA, Okla. (AP) — Helmerich & Payne Inc. (HP) on Wednesday reported a loss of $58.6 million in its fiscal second quarter. The Tulsa, Oklahoma-based company said it had a loss of 59 cents per share. Losses, adjusted for one-time gains and costs, were 38 cents per share. The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share. The oil and gas well-drilling contractor posted revenue of $932.4 million in the period, also falling short of Street forecasts. Six analysts surveyed by Zacks expected $946.2 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HP at https://www.zacks.com/ap/HP

Land drilling contractor Helmerich & Payne (NYSE:HP) missed Wall Street’s revenue expectations in Q1 CY2026, with sales falling 8.2% year on year to $932.4 million. Its non-GAAP loss of $0.38 per share was significantly below analysts’ consensus estimates. Is now the time to buy Helmerich & Payne? Find out in our full research report. Revenue: $932.4 million vs analyst estimates of $950.3 million (8.2% year-on-year decline, 1.9% miss) Adjusted EPS: -$0.38 vs analyst estimates of -$0.04 (significant miss) Adjusted EBITDA: $177.9 million vs analyst estimates of $189 million (19.1% margin, 5.9% miss) Operating Margin: -4%, down from 4.1% in the same quarter last year Free Cash Flow was -$26.28 million compared to -$102.7 million in the same quarter last year Market Capitalization: $4.15 billion Operating the largest fleet of super-spec rigs in North America with technology that can drill horizontal wells over two miles long, Helmerich & Payne (NYSE:HP) provides drilling rigs and crews to oil and gas companies that need wells drilled to extract hydrocarbons from underground. Cyclical industries such as Energy can make mediocre companies look great for a time, but a long-term view reveals which businesses can actually withstand and adapt to changing conditions. Thankfully, Helmerich & Payne’s 32.2% annualized revenue growth over the last five years was incredible. Its growth beat the average energy upstream and integrated energy company and shows its offerings resonate with customers, a helpful starting point for our analysis. Energy cycles can be long enough that a single five-year period can still reflect one price environment, which is why an additional, decade-long view can help capture through-cycle performance. Helmerich & Payne’s annualized revenue growth of 7.7% over the last ten years is below its five-year trend, but we still think the results suggest decent demand. This quarter, Helmerich & Payne missed Wall Street’s estimates and reported a rather uninspiring 8.2% year-on-year revenue decline, generating $932.4 million of revenue. WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it. This is what the early days of Palantir looked like before it became a $437 billion giant. Same playbook....

Helmerich & Payne (HP) reported $932.36 million in revenue for the quarter ended March 2026, representing a year-over-year decline of 8.2%. EPS of -$0.38 for the same period compares to $0.02 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $946.15 million, representing a surprise of -1.46%. The company delivered an EPS surprise of -570.19%, with the consensus EPS estimate being -$0.06. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Helmerich & Payne performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Average active rigs - North America Solutions: 136 versus 135 estimated by four analysts on average. Average active rigs - Offshore Solutions: 3 versus 3 estimated by four analysts on average. Number of available rigs at the end of period - Offshore Solutions: 4 versus 4 estimated by four analysts on average. Number of available rigs at the end of period - International Solutions: 130 compared to the 130 average estimate based on four analysts. Number of available rigs at the end of period - North America Solutions: 203 compared to the 205 average estimate based on four analysts. Average active rigs - International Solutions: 61 compared to the 59 average estimate based on four analysts. Operating Revenues- North America Solutions: $517.25 million versus the four-analyst average estimate of $517.24 million. The reported number represents a year-over-year change of -13.8%. Operating Revenues- Offshore Solutions: $171.38 million versus the four-analyst average estimate of $159.12 million. Operating Revenues- International Solutions: $218.32 million versus $229.77 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -11.9% change. Operating Revenues- Drilling services: $906.43 million versus the two-analyst average estimate of $908.63 million. The reported number represents a year-over-year change of -10.5%. Operating Re...

TULSA, Okla., May 06, 2026--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE:HP): Operating and Financial Highlights for the Quarter Ended March 31, 2026 H&P announced consolidated revenue of $932 million, reflecting solid performance despite a dynamic macro environment. Consolidated net loss of $(59) million, or $(0.59) per share, which includes the impact of a non-cash impairment charge of $26 million. Adjusted for this and other non-recurring one-time items, adjusted earnings(1) were $(38) million, or $(0.38) per share. Consolidated adjusted EBITDA(2) totaled $178 million. Expanding deployment of FlexRobotics™ Technology to support growing customer demand. North America Solutions (NAS) reported operating income of $111 million and maintained industry‑leading performance with direct margin(3) of $215 million, or $17,628 on a per day basis. The activity outlook continues to strengthen, with clear signs of ongoing improvement. International Solutions reported an operating loss of approximately $(100) million and delivered approximately $11.5 million in direct margin(3), maintaining operational continuity despite the conflict in the Middle East. Offshore reported operating income of approximately $14 million and generated direct margin(3) of $27 million, exceeding guidance midpoint expectations. In early April the Company completed the sale of Utica Square, with after-tax proceeds exceeding the $100 million divestiture target. Retired the term loan facility ahead of schedule, reducing post-acquisition debt by $400 million and making significant progress toward deleveraging goals. Approximately $25 million was returned to shareholders through the Company’s ongoing dividend program. Management Commentary "H&P delivered solid operational performance during the second quarter, reflecting the resilience of our core business and the disciplined execution of our teams," said President and CEO Trey Adams. "Regarding the conflict in the Middle East, our primary focus has been on the safety and security of our people in the region. I am pleased to report that our teams have remained focused and safe. We continue to closely monitor developments in the region and despite a fluid environment, our team has done an exceptional job in maintaining continuity of operations, including the planned reactivation of rigs in the region, supported by strong local leadership and the ded...