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Here's What Key Metrics Tell Us About Helmerich & Payne (HP) Q2 Earnings
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Helmerich & Payne (HP - Free Report) 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 represents a change of +6.8% year over year.
Operating Revenues- Other: $25.94 million versus $28.94 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +611.6% change.
Operating Revenues- Drilling services: $906.43 million versus $908.63 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -10.5% change.
Shares of Helmerich & Payne have returned +8.9% over the past month versus the Zacks S&P 500 composite's +9.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About Helmerich & Payne (HP) Q2 Earnings
Helmerich & Payne (HP - Free Report) 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:View all Key Company Metrics for Helmerich & Payne here>>>
Shares of Helmerich & Payne have returned +8.9% over the past month versus the Zacks S&P 500 composite's +9.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.