Helmerich & Payne Earnings Reports

The company posted a modest adjusted loss this quarter, while maintaining leading margins in North American land drilling and reactivating rigs internationally.

Helmerich & Payne, Inc. reported net income of $1.7 million, or $0.01 per diluted share, on operating revenues of $1.0 billion for the fiscal second quarter ended March 31, 2025. The quarter was marked by the completion of the KCA Deutag acquisition, positioning the Company as a leading global drilling company, and continued strong performance in its North America Solutions segment.

Helmerich & Payne, Inc. reported a net income of $54.8 million and diluted EPS of $0.54 for the three months ended December 31, 2024. Operating revenues remained stable at $677.3 million. The company's financial performance was impacted by increased acquisition transaction costs and interest expenses, partially offset by higher average pricing levels in North America Solutions.

Helmerich & Payne's Q4 2024 earnings revealed a net income of $75 million on operating revenues of $694 million. The North America Solutions segment exited the quarter with 151 active rigs. The company is focused on the KCA Deutag acquisition, expecting it to close before the end of 2024.

Helmerich & Payne reported a net income of $89 million, or $0.88 per diluted share, on operating revenues of $698 million for the quarter ended June 30, 2024. The North America Solutions segment saw increased operating income and direct margins, while the International Solutions segment experienced an operating loss due to recommissioning expenses. The company returned $42 million to shareholders in dividends and anticipates continued activity in the International Solutions segment with rigs commencing work in Saudi Arabia.

Helmerich & Payne reported a fiscal second quarter net income of $85 million, or $0.84 per diluted share, with operating revenues of $688 million. The North America Solutions segment showed increased direct margins, and the company is expanding its presence in the Middle East with a seven-rig tender award from Saudi Aramco.

Helmerich & Payne reported a net income of $95 million, or $0.94 per diluted share, on operating revenues of $677 million for the quarter ended December 31, 2023. The North America Solutions segment experienced increased revenue and direct margins per day. The company is expanding internationally with new rig awards in the Middle East.

Helmerich & Payne reported a net income of $78 million, or $0.77 per diluted share, on operating revenues of $660 million for the quarter ended September 30, 2023. The company's North America Solutions segment exited the quarter with 147 active rigs. The company anticipates exiting the first quarter of fiscal year 2024 with 150-156 active rigs.

Helmerich & Payne reported a net income of $95 million, or $0.93 per diluted share, from operating revenues of $724 million for the quarter ended June 30, 2023. The company's financial results demonstrated economic returns despite a decline in rig activity due to weak natural gas prices, emphasizing contract economics and capital allocation.

Helmerich & Payne, Inc. reported a net income of $164 million, or $1.55 per diluted share, on operating revenues of $769 million for the quarter ended March 31, 2023. The company's North America Solutions segment saw increased operating income and direct margins. H&P is focused on maintaining profitability amidst market volatility, prioritizing returns over market share, and continuing its capital allocation strategy.

Helmerich & Payne reported net income of $97 million, or $0.91 per diluted share, from operating revenues of $720 million for the quarter ended December 31, 2022. The North America Solutions segment saw a significant increase in operating income and direct margins.

Helmerich & Payne reported a strong fourth quarter with net income of $46 million, or $0.42 per diluted share, from operating revenues of $631 million. The company experienced improved contract economics and increased activity in its North America Solutions segment, leading to higher operating income and direct margins.

Helmerich & Payne reported a net income of $18 million, or $0.16 per diluted share, on operating revenues of $550 million for the quarter ended June 30, 2022. The North America Solutions segment saw increased operating income and direct margins, driven by improved contract economics. The company is focused on achieving sustainable contract economics and expanding internationally.

Helmerich & Payne reported a net loss of $5 million, or $(0.05) per diluted share, with operating revenues of $468 million. The North America Solutions segment showed improvement with increased operating income and direct margins. The company remains committed to disciplined capital allocation.

Helmerich & Payne reported a net loss of $51 million, or $(0.48) per diluted share, on operating revenues of $410 million for the quarter ended December 31, 2021. The company experienced increased activity levels in North America Solutions, with operating gross margins increasing $15 million sequentially. Strategic investments, such as ADNOC Drilling, contributed to the company's financial position.

Helmerich & Payne reported a net loss of $79 million, or $(0.74) per diluted share, on operating revenues of $344 million for the quarter ended September 30, 2021. The company is optimistic about increased rig activity and pricing improvements heading into 2022, driven by higher commodity prices and capital discipline.

Helmerich & Payne reported a net loss of $56 million, or $(0.52) per diluted share, on operating revenues of $332 million for the quarter ended June 30, 2021. The company's North America Solutions segment saw increased revenues and improved operating gross margins, but overall results were still negatively impacted by costs associated with reactivating rigs. The company expects activity and pricing to continue to increase over the next quarter.

Helmerich & Payne reported a net loss of $121 million, or $(1.13) per diluted share, from operating revenues of $296 million for the quarter ended March 31, 2021. The North America Solutions segment saw increased operating gross margins and a rise in active rigs. The company ended the quarter with $562 million in cash and short-term investments and approximately $1.3 billion in available liquidity.

Helmerich & Payne's Q1 2021 results showed a net loss of $70.4 million, or $(0.66) per diluted share, with operating revenues of $246.4 million. The North America Solutions segment exited the quarter with 94 rigs, a significant increase from the lows in August 2020. The company's cash and short-term investments totaled $524 million, with $1.3 billion in available liquidity.

Helmerich & Payne reported a net loss of $59 million, or $(0.55) per diluted share, from operating revenues of $208 million for the quarter ended September 30, 2020. The quarter was one of the most challenging in the company's history, but they focused on introducing new commercial models and expanding drilling and digital technology solutions. The company ended the quarter with $577 million in cash and short-term investments and no amounts drawn on its $750 million revolving credit facility.

Helmerich & Payne reported a net loss of $46 million, or $(0.43) per diluted share, on operating revenues of $317 million for the quarter ended June 30, 2020. The results reflect the impact of the COVID-19 pandemic and related decline in rig activity, offset by early contract termination revenue and cost-saving initiatives. The company is realigning its financial reporting into three operating segments: North America Solutions, International Solutions, and Offshore Gulf of Mexico.

Helmerich & Payne reported a net loss of $421 million, or $(3.88) per diluted share, on operating revenues of $634 million for the quarter ended March 31, 2020. The results were impacted by a $563 million non-cash impairment charge. The company is focused on maintaining financial strength through cost controls and revised capital allocation policies.

Helmerich & Payne, Inc. reported income of $31 million, or $0.27 per diluted share, on operating revenues of $615 million for the quarter ended December 31, 2019. The results reflect a decrease in U.S. Land revenue, offset by gains in international and offshore segments.