Helmerich & Payne, Inc. Q1 2026 Earnings Recap

HP Q1 2026 February 6, 2026

Get alerts when HP reports next quarter

Helmerich & Payne delivered strong financial performance in Q1 2026, with adjusted EBITDA of $230 million, driven by resilient results across North America and offshore solutions, and promising growth in international markets.

Earnings Per Share Miss

$-0.15 vs $0.12 est.

-225.0% surprise

Revenue Beat

1017026000 vs 989270100 est.

+2.8% surprise

Market Reaction

1-Day -0.72%

5-Day -7.7%

30-Day -4.59%

See HP alongside your other holdings

Add to your portfolio — free

Key Takeaways

Adjusted EBITDA of $230 million exceeded expectations, bolstered by robust execution in North America Solutions and Offshore Solutions.
Average working rigs in North America increased to 143, maintaining industry-leading technology and achieving margins over $18,000 per day.
FlexRobotics technology initiative shows promise for enhanced rig safety and operational efficiency, positioning H&P for future growth.
Firm remains cautious about the macroeconomic environment but sees potential for sustained demand in oil and gas, particularly driven by LNG and AI advancements.
Transition of leadership with John Lindsay stepping down as CEO, bringing in new strategic focus under Trey Adams.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit HP on AllInvestView.