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Helmerich & Payne (HP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended June 2026, Helmerich & Payne (HP - Free Report) reported revenue of $1.03 billion, down 0.6% over the same period last year. EPS came in at -$0.11, compared to $0.22 in the year-ago quarter.
The reported revenue represents a surprise of +4.7% over the Zacks Consensus Estimate of $988.44 million. With the consensus EPS estimate being $0.11, the EPS surprise was -200%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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: 142 versus the four-analyst average estimate of 141.
Average active rigs - Offshore Solutions: 3 versus 3 estimated by four analysts on average.
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: 127 versus 130 estimated by four analysts on average.
Number of available rigs at the end of period - North America Solutions: 202 versus the four-analyst average estimate of 204.
Average active rigs - International Solutions: 65 versus the four-analyst average estimate of 64.
Operating Revenues- North America Solutions: $562.9 million versus $548.37 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -5% change.
Operating Revenues- Offshore Solutions: $174.41 million versus $165.25 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +7.8% change.
Operating Revenues- International Solutions: $250.12 million compared to the $239.85 million average estimate based on four analysts. The reported number represents a change of -5.9% year over year.
Operating Revenues- Drilling services: $986.88 million compared to the $945.29 million average estimate based on two analysts. The reported number represents a change of -4.9% year over year.
Operating Revenues- Other: $47.97 million versus $29.01 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1474% change.
Segment operating income (loss)- North America Solutions: $140.31 million versus the four-analyst average estimate of $130.81 million.
Shares of Helmerich & Payne have returned +8.4% over the past month versus the Zacks S&P 500 composite's +3.5% 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.
View the Zacks #1 Rank List
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Helmerich & Payne (HP) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2026, Helmerich & Payne (HP - Free Report) reported revenue of $1.03 billion, down 0.6% over the same period last year. EPS came in at -$0.11, compared to $0.22 in the year-ago quarter.
The reported revenue represents a surprise of +4.7% over the Zacks Consensus Estimate of $988.44 million. With the consensus EPS estimate being $0.11, the EPS surprise was -200%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 +8.4% over the past month versus the Zacks S&P 500 composite's +3.5% 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.