Helmerich & Payne Expects Fiscal Q4 Direct Margins Near High End of Guidance
MT newswire2026/10/07 13:0009:00 AM EDT, 10/07/2026 (MT Newswires) -- Helmerich & Payne (HP) said Wednesday that it expects fiscal Q4 direct margins for its North America, International and Offshore Solutions segments to come in at or near the high end of prior guidance. The company said it expects International Solutions fiscal Q4 direct margin of about $45 million. In August, Helmerich & Payne guided for $25 million to $45 million. For the North America Solutions and Offshore Solutions segments, the company's fiscal Q4 direct margins guidance ranges were $245 million to $255 million and $26 million to $30 million, respectively. North America Solutions' average rig count is also expected near the upper end of guidance, while International and Offshore rig count should be around the midpoint of the guidance range, the company said. The company had projected North America Solutions' average rig count in the range of 145 to 151, while International and Offshore rig count were forecast at 60 to 70 and 30 to 35, respectively.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Barrick’s Marquee gold project faces hazy study timing
Japanese and South Korean stock markets open
Marvell Technology (MRVL.US) $115 billion "merger of the century" faces lukewarm reception! Stock has dropped over 40%, experts estimate only a 50% chance of completion
Marvell plans to acquire Lamington for 115 billions USD to strengthen its position in AI, but the probability of completion is only 50%. The two stocks have dropped by nearly 40% and about 35% respectively, with Chinese regulatory approval being the biggest uncertainty.
Crypto prices
More
