Financial Data and Key Metrics Changes - Adjusted EBITDA for the first fiscal quarter reached $230 million, exceeding expectations, driven by strong performance in North America Solutions and Offshore Solutions segments [6][25] - Revenues for the quarter were $1 billion, marking the third consecutive quarter at this level [25] - The company reported a net loss of $0.98 per diluted share, impacted by a non-cash impairment charge and unusual non-cash items totaling $103 million [25] Business Line Data and Key Metrics Changes - North America Solutions averaged 143 rigs working, with direct margin of $239 million, above guidance, driven by a higher rig count and gross margin of over $18,000 per day [7][27] - International Solutions ended the quarter with 59 rigs working, generating approximately $29 million in direct margins, exceeding guidance due to lower-than-expected reactivation costs [27][28] - Offshore Solutions generated a direct margin of approximately $31 million, with 3 active rigs and 33 management contracts, providing stable cash flow [28] Market Data and Key Metrics Changes - North America is expected to remain the most restrained market, with a decline in rig demand and operators adjusting activity levels [16][14] - International markets show resilience, particularly in the Middle East, with rig reactivations in Saudi Arabia indicating growing momentum [15][18] - The outlook for gas markets is robust, driven by demand for LNG and AI-led power needs, contrasting with softer oil-related investments [13] Company Strategy and Development Direction - The company aims to maintain pricing discipline, make selective capital investments, and capitalize on market cycles [15] - Focus on innovation and technology, particularly with the FlexRobotics initiative, to enhance rig safety and operational performance [8][20] - The new CEO emphasizes international growth, maintaining leadership in North America, and optimizing enterprise operations [58][61] Management's Comments on Operating Environment and Future Outlook - Management believes that global energy demand will continue to grow, supporting the need for drilling solutions [12][13] - The company anticipates gradual improvement in activity levels throughout the year, with a positive outlook for the second half of fiscal 2026 [16][35] - Management acknowledges the lumpiness in margins due to timing differences in reactivation costs but remains optimistic about future performance [33][35] Other Important Information - The company has made significant progress in deleveraging, paying off $260 million of its $400 million term loan ahead of schedule [24][25] - Cash flow generation for the quarter was strong at $126 million, funding dividends and debt repayment [26][31] - The company is committed to maintaining its base dividend as a core commitment to shareholders [31] Q&A Session Questions and Answers Question: Can you dimension the size of the startup costs in fiscal 2Q and will there still be some reactivation costs continuing into fiscal 3Q? - Management confirmed that reactivation costs anticipated in Q1 have moved to Q2, with some continuing into Q3, but the majority will occur in Q2 [44][46] Question: How should we think about profitability when all these FlexRigs are fully ramped up? - Management expects annualized EBITDA of roughly $5 million per rig from the reactivated rigs in Saudi Arabia, with direct margins for International Solutions segment expected to exceed $45 million per quarter once fully operational [76][79] Question: Are you still seeing some bad actors in terms of pricing in North America? - Management noted that while some operators are disciplined, others are more sensitive to commodity prices, but they remain committed to maintaining direct margins of 45%-50% [86]

Financial Data and Key Metrics Changes - Adjusted EBITDA for the first fiscal quarter reached $230 million, exceeding expectations, driven by strong performance in North America Solutions and Offshore Solutions segments [7][24] - Revenues for the quarter were $1 billion, marking the third consecutive quarter at this level [24] - The company reported a net loss of $0.98 per diluted share, impacted by a non-cash impairment charge and unusual non-cash items totaling $103 million [24] Business Line Data and Key Metrics Changes - North America Solutions averaged 143 rigs working, generating a direct margin of $239 million, with average margins exceeding $18,000 per day [8][25] - International Solutions ended the quarter with 59 rigs working, generating approximately $29 million in direct margins, exceeding guidance [26] - Offshore Solutions generated a direct margin of approximately $31 million, with 3 active rigs and 33 management contracts [27] Market Data and Key Metrics Changes - North America is expected to remain the most restrained market, with a forecast of 132 to 138 active rigs in the second quarter [16][31] - Internationally, the market shows resilience, particularly in the Middle East, with rig reactivations in Saudi Arabia contributing to growth [15][18] - The outlook for gas markets is robust, driven by demand for LNG and AI-led power needs [14] Company Strategy and Development Direction - The company aims to maintain a focus on pricing, selective capital investments, and positioning to capitalize on market cycle improvements [15] - The new CEO emphasizes a commitment to innovation, particularly in technology and automation, to enhance operational performance [12][60] - The company is focused on deleveraging its balance sheet and maintaining fiscal discipline, with a goal of reducing leverage to around one turn of net debt to EBITDA [29][60] Management's Comments on Operating Environment and Future Outlook - Management believes that global demand for oil and gas will persist and grow, supported by population expansion and rising energy needs [14] - The company anticipates gradual improvement in activity levels throughout the year, with a positive outlook for the second half of 2026 [15][37] - Management expressed optimism about the full-year guidance despite short-term lumpiness in margins due to reactivation costs [34][37] Other Important Information - The company has made significant progress in deleveraging, having paid off $260 million of its $400 million term loan [24][29] - The FlexRobotics technology initiative is expected to enhance safety and operational performance, with successful deployments already in place [20][21] - The company is exploring opportunities in geothermal projects, with contracts awarded in Europe and North America [19][66] Q&A Session Questions and Answers Question: Insights on fiscal 2Q guidance and reactivation costs - Management acknowledged lumpiness between quarters due to reactivation costs moving from Q1 to Q2, with expectations for some costs to continue into Q3 [43][46] Question: Vision for H&P under new leadership - The new CEO highlighted a focus on international growth, maintaining leadership in North America, and continuing innovation in technology [56][58] Question: Profitability outlook for international operations - Management expects annualized EBITDA of approximately $5 million per rig from reactivations in Saudi Arabia, with direct margins exceeding $45 million per quarter once fully operational [78][79]

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q1 2026 was $230 million, exceeding expectations, driven by strong performance in North America Solutions and Offshore Solutions segments [6][24] - Revenues reached $1 billion, marking the third consecutive quarter at this level [24] - The company reported a net loss of $0.98 per diluted share, impacted by a non-cash impairment charge and unusual non-cash items totaling $103 million [24] Business Line Data and Key Metrics Changes - North America Solutions averaged 143 rigs working, with direct margins of $239 million, above guidance [25][26] - International Solutions ended the quarter with 59 rigs, generating approximately $29 million in direct margins, exceeding guidance [26] - Offshore Solutions achieved a direct margin of approximately $31 million, with 3 active rigs and 33 management contracts [27] Market Data and Key Metrics Changes - North America Solutions rig count declined by 4% from the previous quarter, with expectations to average between 132 and 138 active rigs in Q2 [14] - International markets showed resilience, particularly in the Middle East, with rig reactivations in Saudi Arabia contributing to growth [13][17] - The outlook for gas markets remains robust, driven by LNG demand and AI-related power needs [12] Company Strategy and Development Direction - The company aims to maintain pricing discipline, make selective capital investments, and capitalize on market cycle improvements [13] - Focus on innovation and technology, particularly with the FlexRobotics initiative, to enhance operational safety and efficiency [20] - Commitment to deleveraging and maintaining investment-grade status, with a goal to pay down the term loan ahead of schedule [28][60] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the energy landscape, anticipating gradual improvement in activity levels throughout the year [12][14] - The company expects to see a material step-up in international solutions margins as reactivations progress [51][79] - Management highlighted the importance of fiscal discipline and maintaining a strong balance sheet for future growth [60] Other Important Information - The company has made significant progress in deleveraging, having paid off $260 million of its $400 million term loan [23][28] - The FlexRobotics system has been successfully deployed, enhancing operational performance and safety [20] - The company is exploring geothermal opportunities in Europe and North America, with multiple contract awards [18][66] Q&A Session Summary Question: Can you dimension the size of startup costs in fiscal Q2 and the impact on margins? - Management indicated that reactivation costs anticipated in Q1 have shifted to Q2, with some continuing into Q3, but they remain optimistic about the overall guidance [44][46] Question: What is the vision for H&P moving forward? - The new CEO emphasized international growth, maintaining leadership in North America, and focusing on technology innovations as key components of the company's future strategy [55][58] Question: How should profitability be viewed with the ramp-up of FlexRigs and reactivations in Saudi? - Management expects annualized EBITDA of approximately $5 million per rig from the reactivations, with margins expected to stabilize and improve as operations ramp up [74][78]

1Q'2026 Results February 4, 2026 Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, and such statements are based on current expectations and assumptions that are subject to risks and uncertainties. All statements other than statements of historical facts included in this presentation, including, without limitation outlook for fiscal 2026, the Company's business strategy, future financia ...

分组1 - Helmerich & Payne reported a quarterly loss of $0.15 per share, missing the Zacks Consensus Estimate of $0.12, compared to earnings of $0.71 per share a year ago, representing an earnings surprise of -226.26% [1] - The company posted revenues of $1.02 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 3.10%, and this is an increase from year-ago revenues of $677.3 million [2] - Helmerich & Payne shares have increased by approximately 23.8% since the beginning of the year, outperforming the S&P 500's gain of 1.1% [3] 分组2 - The earnings outlook for Helmerich & Payne is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is $0.05 on revenues of $969.99 million, and for the current fiscal year, it is $0.42 on revenues of $3.93 billion [7] - The Zacks Industry Rank indicates that the Oil and Gas - Drilling sector is currently in the bottom 24% of over 250 Zacks industries, suggesting potential challenges for stock performance [8]

Exhibit 99.1 NEWS RELEASE February 4, 2026 HELMERICH & PAYNE, INC. ANNOUNCES FISCAL FIRST QUARTER RESULTS Operating and Financial Highlights for the Quarter Ended December 31, 2025 Helmerich & Payne | 222 N. Detroit Ave. | Suite 1100 Tulsa OK 74120 | 918 588 5190 | helmerichpayne com • The Company reported consolidated net loss of $(97) million, or $(0.98) per share, which includes the impact of a non-cash impairment charge of $103 million. Adjusted for this and other non-recurring one-time items, adjusted ...

The market expects Helmerich & Payne (HP) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 4, might help the stock move higher if these key numbers are ...

Core Insights - The fourth-quarter 2025 earnings season is underway, with a focus on the oil and energy sector facing macroeconomic uncertainty and commodity price volatility [1] - A few energy companies are positioned to exceed earnings expectations, potentially leading to stock price boosts and investment opportunities [1] Oil and Gas Price Movements - West Texas Intermediate crude oil prices averaged $59.64 per barrel in Q4 2025, down from $70.69 the previous year, due to global oversupply and sluggish demand growth [3] - OPEC+ nations began unwinding production cuts in September, increasing output alongside steady non-OPEC supply, resulting in inventory builds of up to 2 million barrels per day [3] - Natural gas prices at Henry Hub averaged $3.75 per million British thermal units, up from $2.44 the previous year, driven by colder winter weather, high LNG exports, and increased consumption from data centers [5] Identifying Potential Market Beaters - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 1, 2, or 3 have a 70% chance of beating earnings expectations [7] - Earnings ESP is a proprietary tool that measures the percentage difference between the Most Accurate Estimate and the Zacks Consensus Estimate [7] Company Highlights - **Imperial Oil Limited (IMO)**: Expected to report earnings of $1.40 per share, a 17.16% decrease from the prior year, but has a 1.79% Earnings ESP and a strong track record of exceeding estimates [10] - **ExxonMobil Corporation (XOM)**: Anticipated to post earnings of $1.64 per share, down 1.8% year over year, with a 2.29% Earnings ESP and a history of 5.71% average earnings surprises [12] - **Patterson-UTI Energy, Inc. (PTEN)**: Set to report earnings of 12 cents per share, flat year over year, with a notable 19.15% Earnings ESP and an average surprise of 17.5% [13] - **Helmerich & Payne, Inc. (HP)**: Expected to report earnings of 51 cents per share, a 15% drop from the prior year, but with a 14.85% Earnings ESP and a history of positive earnings surprises [14]

Core Insights - Fairfax Financial's latest 13F indicates a strong commitment to real assets, energy, and restructuring platforms with minimal portfolio turnover, reflecting satisfaction with current holdings rather than tactical changes [1] Company Summaries - **Orla Mining (ORLA)**: Maintained a position of 56.8 million shares valued at $610.5 million, representing approximately 29.6% of the portfolio, indicating confidence in asset durability and inflation hedging [2] - **Occidental Petroleum (OXY)**: Held 6.05 million shares worth $285.9 million, about 13.9% of the portfolio, with no changes made, suggesting satisfaction with risk/reward dynamics as the company focuses on deleveraging [3] - **BlackBerry (BB)**: Reduced position by 5,389,380 shares to 35.4 million shares valued at $172.3 million, approximately 8.4% of the portfolio, reflecting a pragmatic de-risking approach amid ongoing restructuring [4] - **Kraft Heinz (KHC)**: Increased position by 235,000 shares to 5.12 million shares valued at $133.2 million, around 6.5% of the portfolio, consistent with a strategy of accumulating cash flow at discounted valuations [5] - **Molson Coors (TAP)**: Added 71,571 shares for a total of 1.29 million shares valued at $58.4 million, approximately 2.8% of the portfolio, indicating a preference for staples with pricing power [6] - **Vanguard S&P 500 ETF (VOO)**: Trimmed position by 14,652 shares to 58,248 shares valued at $35.7 million, about 1.7% of the portfolio, reflecting a strategy to reduce passive index exposure [7] - **Helmrich & Payne (HP)**: Increased position by 200,000 shares to 1.17 million shares valued at $25.9 million, approximately 1.3% of the portfolio, indicating a thematic bet on energy services and capital discipline [8] - **Full Exits**: Autohome (ATHM) and Lifeway Foods (LWAY) were fully exited, reflecting a cleanup of non-core positions [9] Portfolio Themes - **Low Turnover = High Conviction**: The stability of the portfolio suggests that Fairfax is already positioned for the macro environment anticipated last year [11] - **Hard Asset & Energy Bias**: The focus on ORLA, OXY, and HP highlights a preference for inflation hedging and real asset valuations [12] - **Restructuring Optionality**: BlackBerry is viewed as a multi-year operational value unlock rather than a growth investment [13] - **Cash Flow Defensives**: KHC and TAP are seen as providing income stability and potential for margin recovery [14] Takeaway - Fairfax remains committed to a strategy focused on value and optionality rather than momentum or AI trends, emphasizing hard assets and cash-flow consumers to realize intrinsic value [15]

Company Overview - Helmerich & Payne, Inc. (NYSE:HP) provides drilling solutions and technologies for oil and gas exploration and production companies [2]. Price Target and Analyst Rating - TD Cowen analyst Marc Bianchi raised the price target for Helmerich & Payne from $33 to $35, maintaining a 'Hold' rating, indicating an upside of over 14% from current levels [2]. Market Reaction and Industry Context - Many oilfield stocks, including Helmerich & Payne, experienced gains following U.S. actions in Venezuela, which may allow American companies access to significant oil reserves [3]. - However, substantial time and guarantees from the U.S. government will be necessary before companies commit to investing tens of billions to revitalize Venezuela's oil infrastructure [3]. - The market's positive reaction to the news may be overblown, yet some oil stocks, including Helmerich & Payne, are considered 'cheap' [3]. Historical Context and Current Challenges - Helmerich & Payne is currently seeking payment on $90 million of invoices and aims to recover 11 drilling rigs that were seized by Venezuela in 2010 [4]. - The recent U.S. actions to remove President Maduro could potentially aid in these recovery efforts [4].