The earnings call reflected a strong performance in North American operations and promising growth in international markets, particularly in South America and the Middle East. Despite challenges such as a decline in rig count and goodwill impairment, the successful integration of KCA and robust financial results highlight H&P's resilience and strategic positioning.

Company Guidance -

Q4 2025

During Helmerich & Payne's fiscal third quarter 2025 earnings call, the company provided guidance on several key metrics. The North American Solutions segment achieved daily margins of $19,860 per day, with the company averaging 147 contracted rigs, which slightly decreased from the previous quarter. The exit rig count was 141, reflecting market conditions. For the fiscal fourth quarter, the company expects to average between 138 and 144 contracted rigs, with direct margins anticipated between $230 million and $250 million. Internationally, the company ended the third quarter with 69 rigs working, achieving direct margins of $34 million, up $7 million sequentially, while Offshore Solutions generated $23 million in direct margins. The guidance for the International Solutions segment in the fourth quarter is to average 62 to 66 contracted rigs with $22 million to $32 million in direct margins. The company also highlighted a $50 million cost savings identified from synergies and rightsizing, aiming for $50 million to $75 million in total savings. Overall, Helmerich & Payne expects a full-year capital expenditure between $380 million and $395 million, lowering cash taxes paid to $220 million, and anticipates paying off $200 million of the $400 million term loan by year-end.

Strong North American Solutions Performance

The North American Solutions segment reported daily margins of $19,860 per day with a significant improvement in expense per day. The segment continues to focus on performance-based agreements and technology adoption, with app count growing 20% year-over-year.

Growth in International Markets

H&P is active in major basins outside of Russia and China, with growth opportunities highlighted in South America and other key markets. The integration of KCA in Saudi Arabia has generated significant financial and operational gains.

Robust Financial Performance

The company reported over $1 billion in revenue for the second consecutive quarter, with EBITDA increasing to $268 million from $242 million. Significant cost reductions have been achieved, contributing to a strong financial profile.

Successful Integration of KCA

The integration of KCA is nearly 75% complete, unlocking meaningful cost synergies. The merger has generated significant gains in Saudi Arabia, leveraging a broader operational footprint and expanded customer base.

Helmerich & Payne (HP) Earnings, Revenues Date & History

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HP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 12, 2025	2025 (Q4)	0.18 / -	0.76	―	―	―
Aug 06, 2025	2025 (Q3)	0.19 / 0.22	0.92	-76.09% (-0.70)
May 07, 2025	2025 (Q2)	0.66 / 0.02	0.84	-97.62% (-0.82)
Feb 05, 2025	2025 (Q1)	0.68 / 0.71	0.97	-26.80% (-0.26)
Nov 13, 2024	2024 (Q4)	0.80 / 0.76	0.69	10.14% (+0.07)	―
Jul 24, 2024	2024 (Q3)	0.77 / 0.92	1.09	-15.60% (-0.17)	―
Apr 24, 2024	2024 (Q2)	0.85 / 0.84	1.55	-45.81% (-0.71)	―
Jan 29, 2024	2024 (Q1)	0.73 / 0.97	1.11	-12.61% (-0.14)	―
Nov 08, 2023	2023 (Q4)	0.72 / 0.69	0.45	53.33% (+0.24)	―
Jul 26, 2023	2023 (Q3)	0.90 / 1.09	0.27	303.70% (+0.82)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

HP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$15.49	$15.98	+3.16%
May 07, 2025	$18.75	$18.10	-3.47%
Feb 05, 2025	$32.45	$27.10	-16.49%
Nov 13, 2024	$35.13	$32.94	-6.23%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.