Helmerich & Payne Q2 Earnings Call Highlights
Key takeaways
- Helmerich & Payne Q2 Earnings Call Highlights Market Beat Mon, May 11, 2026 at 5:09 AM GMT+7 8 min read HP Helmerich & Payne logo Key Points Interested in Helmerich & Payne, Inc.?
- Management pointed to tighter super-spec rig availability and activity from private E&P and smaller independents.
- Even so, the company still expects to meet its annual international rig guidance, helped by growth in Latin America.
Helmerich & Payne Q2 Earnings Call Highlights Market Beat Mon, May 11, 2026 at 5:09 AM GMT+7 8 min read HP Helmerich & Payne logo Key Points Interested in Helmerich & Payne, Inc.? Here are five stocks we like better.
North America is improving: Helmerich & Payne said the second quarter likely marked the trough for North America rig count and margins, and it raised its third-quarter and full-year rig outlook as drilling demand improves. Management pointed to tighter super-spec rig availability and activity from private E&P and smaller independents.
Middle East disruptions hurt international margins: Conflict-related costs, supply chain issues and rig suspensions in Iraq, Bahrain and Saudi Arabia weighed on International Solutions results, pushing direct margin to the low end of guidance. Even so, the company still expects to meet its annual international rig guidance, helped by growth in Latin America.