Helmerich & Payne (HP) investor relations material

Strategic positioning and global operations

• Operates in 16 countries with over 150 super-spec rigs in the U.S. and a 30%+ market share in the U.S. Lower 48 land rig market.

• Largest offshore platform operator globally, with significant presence in North America, MENA, and Latin America.

• Recent acquisition of KCA Deutag expanded geographic reach and access to prolific oil and gas regions.

• Over $3.7 billion in revenues and $0.9 billion in adjusted EBITDA for fiscal 2025.

• Maintains investment grade credit ratings and a strong balance sheet with $1.2B liquidity.

Innovation, technology, and operational excellence

• Industry leader in digitalization, automation, and rig floor robotics, including FlexFusion and FlexRobotics technologies.

• Over 90 million feet drilled globally in 2025, with well cycle times and drilling efficiency improving significantly since 2014.

• Remote Operations Centers provide 24/7 global support, predictive monitoring, and real-time analytics.

• Performance-based contracts drive margin improvement and customer alignment, with over 50% of U.S. rigs on such agreements.

• In-house OEM and asset lifecycle management reduce costs and enhance fleet performance.

Financial performance and capital allocation

• North America Solutions generated $2.3B in FY25 revenue, International Solutions $800M, and Offshore Solutions $520M.

• Q3'26 saw strong direct margin growth in North America and Argentina, with stable offshore performance.

• Focused on debt reduction, targeting net debt/EBITDA of ~1x by end of 2027, and maintaining investment grade status.

• Asset sales target increased to $160M+, with $130M proceeds YTD and $40M+ corporate cost reduction targeted by YE'27.

• Maintains a base dividend and disciplined capex approach, with FY'26 capex guidance of $270–$310M.