The earnings call reflects a balanced sentiment with significant achievements like the KCA Deutag acquisition and expansion into the Middle East, offset by temporary international challenges and decreased quarterly financial metrics.

Company Guidance

During the first quarter of fiscal year 2025, Helmerich & Payne, Inc. reported revenues of $677 million, a slight decrease from $693 million in the previous quarter, primarily due to reduced revenues in its North American Solutions segment. The company's net income per diluted share was $0.54, down from $0.76 in the preceding quarter, impacted by select items including transaction and integration costs. The firm completed the exportation of eight FlexRigs to Saudi Arabia and closed the acquisition of KCA Deutag, positioning itself as a global leader in onshore drilling. Despite facing temporary headwinds such as rig suspensions and startup costs in Saudi Arabia, the company anticipates maintaining healthy direct margins in North America Solutions in the second quarter, projecting between $240 million and $260 million. The acquisition is expected to enhance long-term growth, with KCA's legacy backlog valued at approximately $5.5 billion. Helmerich & Payne, Inc. aims to generate at least $1 billion in direct margin on an annual basis in North America Solutions, while capital expenditures for fiscal 2025 are projected between $360 million and $395 million.

Successful KCA Deutag Acquisition

Helmerich & Payne completed the acquisition of KCA Deutag, positioning the company as a global leader in onshore drilling with enhanced scale and geographic diversity. The acquisition is expected to provide a robust operational mix and attractive financial returns, with a backlog of approximately $5.5 billion.

North America Solutions Market Leadership

The company continues to lead the North American market with a 35% market share of super spec FlexRig fleet and a strong presence in the Permian basin. This segment has maintained healthy margins despite industry rig count declines.

Expansion into the Middle East

Eight FlexRigs were exported to Saudi Arabia to drill in unconventional natural gas plays, marking significant progress in international growth. The company is also seeing strong customer interest and potential growth opportunities in Oman and Kuwait.

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

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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HP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 23, 2025	2025 (Q2)	0.69 / -	0.84	―	―	―
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)	―
Apr 26, 2023	2023 (Q2)	1.06 / 1.55	-0.17	1011.76% (+1.72)	―
Jan 30, 2023	2023 (Q1)	0.82 / 1.11	-0.45	346.67% (+1.56)	―

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

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HP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 05, 2025	$32.88	$27.47	-16.45%
Nov 13, 2024	$35.60	$33.38	-6.24%
Jul 24, 2024	$36.68	$39.89	+8.75%
Apr 24, 2024	$40.78	$38.86	-4.71%

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.

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