Financial Performance - H&P achieved a direct margin of $242 million in North America Solutions, slightly exceeding the midpoint of guidance[12] - The company's consolidated adjusted EBITDA was $225 million[12] - H&P generated free cash flow of approximately $154 million[12] - Debt repayment of $210 million on $400 million term loan through October, with repayment of the entire term loan expected by end of Q3FY26[12] Operational Highlights - H&P's market share in the Permian Basin has expanded from 29% to approximately 35% over the past five years[13] - Approximately 50% of active rigs are operating under performance-based contracts[12] - Seven rigs are scheduled to resume operations in Saudi Arabia in 2026, increasing the total active rig count in-country to 24[12] - Direct margin of over $64 million in International and Offshore Solutions segments[12] Guidance and Capital Expenditure - Gross capital expenditures for full fiscal year 2026 are guided at $280-$320 million[23] - H&P anticipates over $50 million in cost savings in FY26 SG&A guidance compared to proforma annualized FY25[33]