Helmerich & Payne Q3 profit $76 million, including Utica Square sale gain
Helmerich & Payne reported third-quarter fiscal 2026 revenue of $1.035 billion, up from $932 million in the prior quarter but about even with $1.041 billion a year earlier. GAAP net income attributable to the company was $76 million, or $0.74 per diluted share, helped by a gain of approximately $115 million on the Utica Square sale; excluding select items, the company reported an adjusted loss of $(10) million, or $(0.11) per share.
Key points
- Revenue of $1.035 billion for the quarter ended June 30, 2026, versus $932 million in the March 2026 quarter and $1.041 billion in the June 2025 quarter.
- GAAP net income attributable to Helmerich & Payne of $76 million ($0.74 per diluted share), compared with a net loss of $(163) million a year earlier; adjusted loss of $(10) million ($(0.11) per share).
- Fourth-quarter direct margin guidance: North America Solutions $245-255 million, International Solutions $25-45 million, Offshore Solutions $26-30 million.
- CFO Todd Scruggs cited company-wide initiatives to increase efficiency, reduce cost, simplify the portfolio and accelerate deleveraging; long-term debt was $1.855 billion at June 30, 2026, down from $2.057 billion at September 30, 2025.
The filing
Written by AI on Nov 8, 2026, 1:39 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.