Helmerich Stock Price, News & Analysis

Helmerich & Payne (NYSE:HP) reported fiscal Q3 2025 results with a net loss of $(163) million, or $(1.64) per share, primarily due to a $173 million non-cash goodwill impairment charge. Adjusted earnings were $22 million ($0.22 per share). The North America Solutions segment posted $158 million operating income with industry-leading direct margins of $266 million.

The International Solutions segment recorded a $(167) million operating loss, including the first full quarter impact of the KCA Deutag acquisition. The company achieved $268 million in consolidated adjusted EBITDA and has identified $50 million in cost synergies from the KCAD transaction. H&P has repaid $120 million of its $400 million term loan and increased its total repayment target to $200 million by end of 2025.

Helmerich & Payne (NYSE:HP) has scheduled its fiscal third quarter 2025 earnings conference call for Thursday, August 7, 2025, at 11:00 a.m. ET. The company's CEO John Lindsay and CFO Kevin Vann will host the call to discuss quarterly results and other material developments.

Investors can participate via phone using domestic (800-343-4136) or international (203-518-9843) numbers with access code "Helmerich", or through the audio webcast available on the company's website. The earnings release and presentation will be accessible at hpinc.com. The webcast recording will remain archived on the company's website for 365 days.

Helmerich & Payne (NYSE: HP) announced its participation in the J.P. Morgan 2025 Energy, Power and Renewables Conference in New York City on June 24-25, 2025. Key executives, including CFO Kevin Vann, will attend investor meetings, with Vann scheduled for a discussion on June 25 at 8:35 a.m. ET. The company also disclosed significant operational challenges in Saudi Arabia, reporting nine additional rig contract suspensions from the legacy KCA Deutag fleet, bringing total suspended rigs to 26. Despite these setbacks, CEO John Lindsay affirmed the company's strong financial position and noted that North America Solutions operations remain aligned with previous guidance. Lindsay emphasized that while the Saudi market slowdown presents temporary challenges, the company is realizing synergies from the KCA Deutag acquisition and maintains confidence in its strategic position in the global market.

Helmerich & Payne (NYSE: HP) has engaged Eastdil Secured, a national commercial brokerage firm, to explore strategic options for its Utica Square Shopping Center. The company has owned the property since 1964 and is now considering potential partnerships or sale opportunities. This strategic review comes as part of a broader company-wide asset evaluation following what the company describes as its largest acquisition in history. CEO John Lindsay expressed gratitude for Tulsa's support while emphasizing the timing is appropriate to explore future possibilities for the property.

Helmerich & Payne (NYSE: HP) announced its management team's participation in two upcoming investor conferences in May 2025. The company's representatives, including Mike Lennox (Senior Vice President of Americas Operations) and Dave Wilson (Vice President of Investor Relations), will attend the TPH&Co. Hotter 'N Hell 2025 conference on May 14-15 and the Citi 2025 Spotlight on SMID Energy Day on May 22. Management participation will vary by event.

Helmerich & Payne (NYSE: HP) reported its fiscal Q2 2025 results, highlighting the completion of KCA Deutag acquisition. The company posted net income of $1.7M ($0.01 per share) on revenues of $1.0B. Key financial metrics include:

- Operating income of $152M in North America Solutions - Adjusted EBITDA of $242M - Operating cash flow of $56M - Returned $25M to shareholders via dividends

The company now expects to achieve over $25M in expense synergies from the KCA Deutag acquisition, with total cost structure reductions of $50-75M. H&P repaid $25M of its $400M acquisition term loan and plans to repay approximately $175M in calendar 2025. Despite near-term challenges in international operations, particularly in Saudi Arabia, the North American segment remains resilient with direct margins of $19,800 per day.

Helmerich & Payne (NYSE: HP) has scheduled its fiscal second quarter 2025 earnings conference call for Thursday, May 8, 2025, at 11:00 a.m. ET. The event will feature presentations from President and CEO John Lindsay, Senior VP and CFO Kevin Vann, and VP of Investor Relations Dave Wilson.

The earnings release and presentation materials will be accessible on the company's website at hpinc.com. Investors can participate via phone (domestic: 800-445-7795, international: 785-424-1699, access code: Helmerich) or through the webcast available on the company's investor relations page.

For those unable to attend live, the webcast recording will be archived for 365 days on HP's website under the Investors section.

Helmerich & Payne (NYSE: HP) has announced its management team's participation in two major investor conferences in March 2025. The company will attend the Piper Sandler 25th Annual Energy Conference (March 18-19, 2025), where President and CEO John Lindsay will join a panel discussion on March 19 at 10:45 a.m. PT. Additionally, HP will participate in the NYSE Energy & Utilities Virtual Investor Access Day on March 20, 2025.

In a market update following their Q1 FY2025 earnings release, HP reported receiving notices of contract suspensions for two additional rigs from the legacy KCA Deutag fleet in Saudi Arabia, bringing the total suspended rigs in the country to 14. CEO John Lindsay stated that while these suspensions are disappointing, they are not expected to materially impact the company's financial position. The company maintains optimism about its long-term strategic presence in the region and continues to pursue cost synergies.

Helmerich & Payne (NYSE: HP) reported Q1 fiscal 2025 results with net income of $55 million ($0.54 per diluted share) on operating revenues of $677 million, down from $75 million ($0.76 per diluted share) on $694 million revenue in Q4 2024. The company reported Adjusted EBITDA of $199 million.

The North America Solutions segment maintained 148 active rigs with revenue per day of $38,600 and direct margins of $19,400/day. The company completed the exportation of eight super-spec FlexRigs to Saudi Arabia and declared a quarterly dividend of $0.25 per share.

A significant development was the completion of the KCA Deutag acquisition, which increases HP's contracted rig count in Middle Eastern markets from 11 to 65 and adds approximately $5.5 billion in backlog. The company expects its North America Solutions rig count to remain relatively flat, exiting Q2 with 146-152 active rigs.