Helmerich & Payne said it expects strong operational and segment financial results for the fourth quarter, with direct margins for its North America Solutions, International Solutions, and Offshore Solutions businesses all at or near the high end of previously issued guidance ranges. The company also said it expects average rig count and management contracts to land near the high end of guidance for North America Solutions, near the midpoint for International Solutions, and near the midpoint for Offshore Solutions. Separately, Helmerich & Payne announced that ExxonMobil is expanding its use of the company's FlexRobotics technology, with seven additional systems to be deployed over the next 12 months, bringing the total number of systems operating to nine. President and CEO Trey Adams said the company maintains a constructive outlook heading into fiscal 2027, citing encouraging customer discussions and contracting activity across its global portfolio and an expectation of stronger overall direct margins compared to 2026. Shares gained 1.3% pre-market Wednesday following the update.
Helmerich and Payne IncHelmerich & Payne lifted Q4 outlook, expecting segment direct margins and rig counts at or near the high end of guidance.
Exxon Mobil CorpExxonMobil is expanding deployment of H&P's FlexRobotics systems, indicating adoption of the technology in its operations.
