Helmerich & Payne, Inc. · NYSE:HP
Helmerich & Payne — Q3 2025 Earnings Presentation
17 slides from Helmerich & Payne's earnings presentation, Aug 7, 2025
Slide 1: Helmerich & Payne, Inc.
August 2025 Helmerich & Payne, Inc. Financial data as of 6/30/2025; other data and year-to-date references are as of 8/6/2025 unless otherwise noted.
Slide 2: Forward-Looking Statements
Helmerich & Payne Forward-Looking Statements This presentation includes “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, and such statements are based on current expectations and assumptions that are subject to risks and uncertain
Slide 3: H&P: Providing Global Drilling Solutions
Helmerich & Payne H&P: Providing Global Drilling Solutions Premier U.S. driller 141 active rigs Strong global presence 62 active rigs(1) Asset light offshore business 36 offshore rigs and management contracts Exposure to all major O&G regions U.S., Middle East, North Africa, and Argentina (1) Does n
Slide 4: Quarterly Highlights
Helmerich & Payne Quarterly Highlights Direct margin(1) of $266 million, significantly exceeding quarterly expectations Strong NAS ~50% of active rigs utilizing performance contracts, incentivizing win-win results with customers Performance Daily direct margin(1) of $19,860, with 147 average r
Slide 5: Sustainable NAS Margin Performance
Helmerich & Payne Sustainable NAS Margin Performance Land Driller Margin/Day Long term margin differential reflects: U.S. Lower 48 Land Gross Margin per Day $25,000 Customer-centric mindset focused on $20,000 strong alignment through performance contracts $15,000 Continual investment in techni
Slide 6: Delivering Top Performance With Scale in U.S.
Helmerich & Payne Delivering Top Performance With Scale in U.S. H&P’s drilling solutions are applied at scale H&P’s Permian rig in the most prolific resource base in the United States count is larger than the entire Permian Basin Rigs Rigs in Other Regions working fleet of 150 most peers Contracted
Slide 7: Global Scale Will Drive Efficiencies
Helmerich & Payne Global Scale Will Drive Efficiencies Internationally, H&P is operating in the best hydrocarbon basins in the world Middle East Active rigs Kuwait 2 Bahrain 3 Saudi Arabia 17 South America Oman 16 Active rigs North Sea Argentina 9 30 Mgmt. Contracts Global scale across key geographi
Slide 8: Actuals – Q3 Fiscal 2025
Helmerich & Payne Actuals – Q3 Fiscal 2025 North America International Offshore Other Solutions Solutions Solutions Direct Margin1 ($MMs) $266.2 $34.1 $22.8 $(17.4) Exit Rigs/Mgmt. Cont. 141 69(2) 36 N/A Q3 Fiscal 2025 $MMs Adjusted EBITDA(1) $268 Diluted EPS $(1.64) Adjusted EPS(1) $0.22 Cash Flow
Slide 9: Guidance – Q4 Fiscal 2025
Helmerich & Payne Guidance – Q4 Fiscal 2025 North America International Offshore Other Solutions Solutions Solutions Direct Margin1 ($MMs) $230-$250 $22-$32 $20-$30 $0-$3 Avg. Rigs/Mgmt. Cont. 138-144 62-66(2) 30-35 N/A Full Fiscal Year 2025 Guidance Items $MMs Gross Capital Expenditures $380-$395 D
Slide 10: H&P: A Differentiated Drilling Business
Helmerich & Payne H&P: A Differentiated Drilling Business Global Innovative Financial Scale Solutions Profile 200+ operating land rigs Leader in customer-centric Investment grade balance performance contracts sheet (Baa2 / BBB) Exposure to all major global oil and gas regions Premium digit
Slide 11: Appendix
ZV THE GLOBAL DRILLING SOLUTIONS COMPANY Appendix ZZ STA a
Slide 12: H&P Global Rig Fleet
Helmerich & Payne H&P Global Rig Fleet Regions Rigs Rigs % A global leader Available2 Contracted1 Contracted in onshore drilling North America Solutions 224 141 63% International Solutions 137 62 45% Largest fleet of Middle East3 77 384 49% super-spec rigs in the U.S. South America 34 15 44% Rest of
Slide 13: Financial Strength and Liquidity
Helmerich & Payne Financial Strength and Liquidity Debt. Schedule: Total Liquidity Debt Reduction Goal Type Amount Maturity Interest Rate(2) $1.14 B $400 M Cash and Undrawn Term Loan $280 M Jan. 2027 5.79% In 2025-2026 Credit Facility 3-yr Bond $350 M Dec. 2027 4.65% 5-yr Bond $350 M Dec. 2029 4.85%
Slide 14: Non-GAAP Reconciliation of Direct Margin
Helmerich & Payne Non-GAAP Reconciliation of Direct Margin Direct margin is considered a non-GAAP metric. We define "direct margin" as operating revenues (less reimbursements) less direct operating expenses (less reimbursements). Direct margin is included as a supplemental disclosure because we beli
Slide 15: Non-GAAP Reconciliation of Adjusted EBITDA
Helmerich & Payne Non-GAAP Reconciliation of Adjusted EBITDA Adjusted EBITDA and 'Select Items' are considered to be non- GAAP metrics. Adjusted EBITDA is defined as net income(loss) before taxes, depreciation and amortization, gains and losses on asset sales, other income and expense - which includ
Slide 16: Reconciliation of Non-GAAP Measures
Helmerich & Payne Reconciliation of Non-GAAP Measures Adjusted EPS Adjusted EPS and 'Select Items' are considered to be non-GAAP metrics. Adjusted EPS is defined as Earnings Per Share excluding the impact of 'select items’. The Company believes identifying and excluding select items is useful in ass
Slide 17: Thank You for Your Interest in H&P
Helmerich & Payne, Inc. Thank You for Your Interest in H&P For more information, please visit our website at www.hpinc.com Contact: Dylan McMurry Investor Relations 918-588-5190, investor.relations@hpinc.com NYSE : HP