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].

Core Viewpoint - Helmerich & Payne reported a fourth-quarter fiscal 2025 adjusted net loss, significantly missing earnings estimates, while revenues exceeded expectations, indicating mixed performance and potential concerns for future earnings [2][3]. Financial Performance - The company reported a fourth-quarter adjusted net loss of 1 cent per share, missing the Zacks Consensus Estimate of adjusted net income of 26 cents, and down from a profit of 76 cents in the same quarter last year [2]. - Operating revenues reached $1 billion, surpassing the Zacks Consensus Estimate of $976 million, and increased by 45.8% compared to the previous year [3]. - The company distributed approximately $25 million to shareholders as part of its ongoing dividend program [3]. Segmental Performance - North America Solutions generated operating revenues of $572.3 million, down 7.4% year over year, but exceeded projections of $541 million; operating profit was $118.2 million, beating estimates [5]. - International Solutions saw operating revenues of $241.2 million, a significant increase of 430.6% from the previous year, but reported an operating loss of $75.7 million, worse than the prior year's loss of $3.9 million [6]. - Offshore Solutions revenues reached $180.3 million, up 554.7% year over year, with an operating profit of $20.3 million, exceeding estimates [7]. Financial Position - The company repaid $210 million on its existing $400 million term loan, ahead of previous expectations, and plans to repay the entire loan by the end of the third quarter of fiscal 2026 [4]. - As of September 30, 2025, Helmerich & Payne had $196.8 million in cash and cash equivalents, with long-term debt totaling $2.1 billion, resulting in a debt-to-capitalization ratio of 42.1% [8]. Guidance for FY26 - The company anticipates gross capital expenditures of $280-$320 million for fiscal 2026, with significant allocations for North America Solutions and maintenance across its global drilling fleet [9][10]. - Operating guidance includes an average contracted rig count of 132-148 for North America Solutions and 58-68 for International Solutions, with expected direct margins for Offshore Solutions [10]. Market Sentiment - Recent estimates for the company have trended downward, with a consensus estimate shift of -34.83% [11]. - Helmerich & Payne currently holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [13].

Core Viewpoint - Helmerich & Payne, Inc. announces the retirement of CEO John Lindsay and the appointment of Raymond John "Trey" Adams as the new CEO effective after the Annual Meeting on March 4, 2026, with Lindsay continuing as a senior advisor until December 2026 [1][2][3] Leadership Transition - The Board of Directors expresses confidence in Trey's promotion, highlighting his operational excellence, leadership skills, and vision for innovation and growth [2] - Adams emphasizes a commitment to safety, performance, technology, and customer partnerships, aiming for disciplined growth and long-term shareholder value [2][3] Impact of John Lindsay's Tenure - Lindsay's 12-year leadership is recognized for guiding the company through significant industry cycles and the global pandemic, strengthening its culture and financial discipline [3] - Under Lindsay, H&P became a leading land driller, expanding its global footprint and modernizing operations through strategic investments in technology [3] Company Overview - Helmerich & Payne, Inc. was founded in 1920 and focuses on delivering high levels of drilling productivity and reliability with a commitment to integrity, safety, and innovation [4] - As of November 17, 2025, H&P operates a fleet of 203 land rigs in the U.S., 137 international land rigs, and five offshore platform rigs, along with approximately 30 offshore labor contracts [4]

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