Helmerich & Payne Q2 Earnings & Revenues Miss Estimates, Both Down Y/Y

HP guided fiscal 2026 North America rig activity to 138-144 rigs and international activity to 58-68 rigs, alongside cash taxes of $125-$150 million and interest expense of about $100 million. The update is primarily forward-looking operating and cost guidance, with no clear positive or negative surprise in the figures provided. Market impact should be limited unless the outlook differs materially from prior expectations.

Analysis

HP guided fiscal 2026 North America rig activity to 138-144 rigs and international activity to 58-68 rigs, alongside cash taxes of $125-$150 million and interest expense of about $100 million. The update is primarily forward-looking operating and cost guidance, with no clear positive or negative surprise in the figures provided. Market impact should be limited unless the outlook differs materially from prior expectations.