Q4 2025 Helmerich and Payne Inc Earnings Call Transcript
Key Points
- Helmerich & Payne Inc (HP) reported strong fourth quarter results, setting the stage for continued success in fiscal 2026.
- The company expanded its international footprint by exporting 8 FlexRigs to Saudi Arabia and completing the KCAD acquisition, making it the largest active land driller globally.
- HP's North America Solutions segment has positioned the company as the leading driller in the U.S. land market, with increased market share in the Permian Basin.
- The company is seeing increased demand for its advanced digital solutions and applications, which grew by 20% over the year.
- HP made significant progress on deleveraging, paying off $210 million on its term loan, and is ahead of its debt reduction goals.
- HP reported a net loss of $0.58 per diluted share for the fourth quarter, with earnings per share for the full year at a net loss of $1.66 per share.
- The company faced challenges in the Eastern Hemisphere, impacting its international operations and margins.
- HP's capital expenditures for the fourth quarter were $64 million, with full year 2025 totaling $426 million, driven by accelerated CapEx investment in the Eastern Hemisphere.
- The company anticipates rig reactivation costs to impact margins in the first half of fiscal 2026.
- HP's North America Solutions segment experienced a decline in contracted rigs during the fourth quarter, consistent with industry activity and expectations.
Hello, and welcome, everyone, joining Helmerich & Payne's Fiscal Fourth Quarter and Full Year Earnings Call. (Operator Instructions) Please note, this call is being recorded.
It is now my pleasure to turn the meeting over to Mr. Kevin Vann, CFO. Please go ahead.
Thank you, and welcome, everyone, to Helmerich & Payne's conference call and webcast for the fourth quarter and fiscal full year 2025. Before we get started, I first wanted to extend a warm welcome to Kris Nicol, who has joined the company as Vice President of Investor Relations.
Thank you, Kevin. Kevin will be joined on the call today by John Lindsay, CEO; Trey Adams, President; and Mike Lennox, Executive Vice President of the Western Hemisphere. Before we begin our prepared remarks, I'd like to remind everyone that this call will include forward-looking statements as defined under securities
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
