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Helmerich & Payne Misses Earnings, Eyes Turnaround
Description
Helmerich & Paynes Q1 2026 earnings missed expectations, with revenue down 8.2% and adjusted EPS loss of $0.38. Middle East conflicts and supply chain issues impacted international operations, but North America held steady. The company sold Tulsa real estate to reduce debt and plans to deploy four FlexRobotics units. Theyre optimistic about North America rig count rebound and Latin America growth, particularly in Argentinas Vaca Muerta.
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