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Helmerich & Payne, Inc.

Helmerich & Payne, Inc.

NYSE•HP
CEO: Mr. John W. Lindsay
Sector: Energy
Industry: Oil & Gas Drilling
Listing Date: 1980-10-15
Helmerich & Payne, Inc., together with its subsidiaries, provides drilling solutions and technologies for oil and gas exploration and production companies. The company operates through North America Solutions, Offshore Gulf of Mexico, and International Solutions segments. The North America Solutions segment conducts operations primarily in Texas, as well as in Colorado, Louisiana, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, Utah, West Virginia, and Wyoming. The Offshore Gulf of Mexico segment has drilling operations in Louisiana and in U.S. federal waters in the Gulf of Mexico. The International Solutions segment conducts drilling operations in Saudi Arabia, Argentina, Bahrain, Australia, Colombia, and the United Arab Emirates. The company focuses on developing, promoting, and commercializing technologies designed to enhance the drilling operations, as well as wellbore quality and placement. It also owns and operates commercial real estate properties. In addition, the company's real estate investments include a shopping center. Helmerich & Payne, Inc. was founded in 1920 and is headquartered in Tulsa, Oklahoma.
Contact Information
222 North Detroit Avenue, Suite 1400, Tulsa, OK, 74120, United States
918-742-5531
www.helmerichpayne.com
Market Cap
$2.77B
P/E (TTM)
-89.6
16
Dividend Yield
3.6%
52W High
$37.30
52W Low
$14.65
52W Range
58%
4.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$1.04B+49.19%
4-Quarter Trend

EPS

-$1.64-284.27%
4-Quarter Trend

FCF

$24.60M-60.96%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Revenue Surges Post-Acquisition Operating revenues reached $1.041B for the quarter, up 49.2% driven by 166 days of KCA Deutag operations included.
Backlog Jumps to $7.3 Billion Total contract drilling backlog grew to $7.3B as of June 30, 2025, significantly increasing from $1.5B previously reported.
Significant Goodwill Impairment Recorded $173.3M non-cash goodwill impairment charge across International Solutions and Kenera reporting units during the quarter.
Q3 Net Loss Reported Net loss attributable to H&P was $(162.8)M for the quarter, compared to $88.7M net income last year.

Risk Factors

Goodwill Impairment Indicators Sustained decline in share price and market capitalization triggered interim impairment test for goodwill balances.
International Operations Exposure Significant revenue concentration (10.0%) in one Saudi Arabia customer; potential suspension of rigs poses material risk.
Integration Challenges Remain Risk exists regarding successful integration of KCA Deutag operations within the expected time period post-acquisition.
New Restructuring Costs Initiated workforce reduction plan resulting in $4.7M restructuring charges recognized during the current three months ended June 30.

Outlook

Synergy Realization Expected Anticipate realizing cost savings exceeding $25M from synergies and cost-saving initiatives in forthcoming quarters.
Long-Term Strategy Focus Long-term strategy emphasizes innovation, technology, safety, operational excellence, and reliability for volatile market response.
Future Cash Requirements Operating cash flow expected to fund 2025 requirements, but potential need for additional funding from $950.0M credit facility exists.
Intangible Asset Life Change Adjusted customer relationship useful life to 9 years, increasing Q3 amortization expense by $7.8M prospectively.

Peer Comparison

Revenue (TTM)

Delek US Holdings, Inc.DK
$10.67B
-22.4%
Patterson-UTI Energy, Inc.PTEN
$4.84B
-16.6%
Crescent Energy CompanyCRGY
$3.59B
+32.3%

Gross Margin (Latest Quarter)

Tidewater Inc.TDW
48.0%
+19.1 pp
Kinetik Holdings Inc.KNTK
25.4%
-13.0 pp
Crescent Energy CompanyCRGY
20.8%
+0.4 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
TDW$2.91B19.213.4%30.8%
HP$2.77B-89.6-1.1%31.9%
INSW$2.67B12.211.5%28.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+14.5%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Jun 30, 2025|Filed: Aug 11, 2025|
    Revenue: $1.04B+49.2%
    |
    EPS: $-1.64-284.3%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Mar 31, 2025|Filed: May 9, 2025|
    Revenue: $1.02B+47.7%
    |
    EPS: $0.01-98.8%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Dec 31, 2024|Filed: Feb 5, 2025|
    Revenue: $677.30M+0.0%
    |
    EPS: $0.55-42.1%
    Miss

  • Form 10-K - FY 2024

    Period End: Sep 30, 2024|Filed: Nov 13, 2024|
    Revenue: $2.76B-4.0%
    |
    EPS: $3.43-17.9%
    Meet

  • Form 10-Q - Q3 2024

    Period End: Jun 30, 2024|Filed: Jul 25, 2024|
    Revenue: $697.72M-3.6%
    |
    EPS: $0.89-4.3%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Mar 31, 2024|Filed: Apr 24, 2024|
    Revenue: $687.94M-10.6%
    |
    EPS: $0.85-45.5%
    Meet

  • Form 10-Q - Q1 2024

    Period End: Dec 31, 2023|Filed: Jan 29, 2024|
    Revenue: $677.15M-5.9%
    |
    EPS: $0.95+4.4%
    Beat

  • Form 10-K - FY 2023

    Period End: Sep 30, 2023|Filed: Nov 8, 2023|
    Revenue: $2.87B+39.5%
    |
    EPS: $4.18+8032.3%
    Beat