Overview

* Helmerich & Payne fiscal posts Q4 surprise loss per share, misses analyst expectations

* Company reports fiscal Q4 net loss of $57 mln, impacted by non-recurring charges

* Company plans to repay $400 mln term loan by end of fiscal Q3 2026

* Co received notifications for seven rigs to resume operations in Saudi Arabia, increasing total rig count to 24 by mid-2026

Outlook

* Company expects fiscal 2026 capital expenditures of $280 mln to $320 mln

* Helmerich & Payne anticipates average contracted NAS rig count of 132 to 148 in fiscal 2026

* Company projects Total Offshore direct margins of $100 mln to $115 mln in fiscal 2026

Result Drivers

* OFFSHORE UTILIZATION - Offshore Solutions segment saw increased operating income due to higher rig utilization

* NAS PERFORMANCE CONTRACTS - NAS segment achieved peer-leading margins with performance contracts utilized by 50% of active rigs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 EPS Miss -$0.58 $0.25

(10

Analysts

)

Q4 Net -$57.4

Income, mln

attribut

able to

Helmeric

h &

Payne

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 10 "hold" and 3 "sell" or "strong sell"

* The average consensus recommendation for the oil & gas drilling peer group is "buy."

* Wall Street's median 12-month price target for Helmerich and Payne Inc ( HP ) is $25.00, about 11.3% below its November 14 closing price of $27.83

* The stock recently traded at 43 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)