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AI brief of an SEC Form 8-K · Helmerich & Payne (HP)

Helmerich & Payne Q1 profit falls to $55 million, $0.54 a share on lower revenue

Negative Impact 4 of 5 earnings Written later

Helmerich & Payne reported fiscal first-quarter 2025 net income of $55 million, or $0.54 per diluted share, on operating revenues of $677 million, down from $75 million, or $0.76 per share, on $694 million in the prior quarter. The company completed its KCA Deutag acquisition on January 16, 2025, adding about $5.5 billion in backlog and raising its Middle East contracted rig count from 11 to about 65, while the quarter included $0.17 per share in net after-tax losses from select items.

Key points

  • Net income of $55 million ($0.54 per diluted share) vs. $75 million ($0.76) in the quarter ended September 30, 2024; revenue of $677 million vs. $694 million
  • Net income included a net $(0.17) per share in after-tax select items, including $(0.08) of transaction and integration costs and $(0.10) of non-cash fair value losses on equity investments
  • KCA Deutag acquisition completed January 16, 2025, adding approximately $5.5 billion in backlog
  • Quarterly dividend of $0.25 per share declared December 11, 2024, payable February 28, 2025

The filing

CompanyHelmerich & Payne (HP)
Form8-K, current report
Filed with the SECFeb 5, 2025, 4:21 PM ET
Accession number0000046765-25-000006

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 05, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.