Helmerich & Payne (HP) Q3 Revenue Up 49%
Helmerich Payne (NYSE:HP), a leading provider of drilling services and advanced land rigs, released its earnings for the third quarter of fiscal 2025 on August 6, 2025. The company posted non-GAAP earnings per share of $0.22, beating analysts’ expectations of $0.18 non-GAAP EPS. Revenue for the period reached $1,040.9 million (GAAP), and growing sharply from the $697.7 million (GAAP) recorded in Q3 FY2024. Despite the strong headline revenue and EPS results, net income (GAAP) was negative due to a $173 million goodwill impairment tied to its international segment. The overall quarter reflected strength in North America and meaningful, though challenging, integration progress internationally following the acquisition of KCA Deutag. Management maintained its quarterly dividend and highlighted resilience in core segments, even as integration costs and challenging overseas conditions weighed on the bottom line.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q2 2025 earnings report.
Helmerich Payne is an energy services provider in the oil and gas drilling industry. It is best known for its land-based drilling rigs, particularly its advanced FlexRig® line, which automate and improve drilling efficiency and safety. The company operates through three major divisions: North America Solutions, International Solutions, and Offshore Solutions.
Source Fool.com
