Helmerich & Payne, Inc. · NYSE:HP
Helmerich & Payne — Q4 2025 Earnings Presentation
18 slides from Helmerich & Payne's earnings presentation, Nov 18, 2025
Slide 1: Helmerich & Payne, Inc.
Helmerich & Payne, Inc. Financial data as of 9/30/2025; other data and year-to-date references are as of 11/17/2025 unless otherwise noted.
Slide 2: Forward-Looking Statements
Forward-Looking Statements Helmerich & Payne 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
H&P: Providing Global Drilling Solutions Premier U.S. land driller 143 active rigs (1) Strong international presence 59 active rigs(1) (2) Asset light offshore business 36 offshore rigs & management contracts Exposure to all major onshore regions U.S., Middle East, North Africa, & LATAM (1) Active r
Slide 4: Quarterly Highlights
Quarterly Highlights • Direct margin(1) of $242 million, slightly exceeding the midpoint of guidance • The adoption of digital applications continues to grow, translating into NAS value creation Strong NAS • Strong execution and differentiated value proposition are driving industry leading margin pe
Slide 5: Delivering Top Performance With Scale in U.S.
Delivering Top Performance With Scale in U.S. H&P’s market share in the Permian Basin has expanded from 29% to ~35% over the past five years(1) Benchmarking: Contracted U.S. Rigs • H&P’s active rig count in the 150 Permian Basin Rigs Rigs in Other Regions Permian surpasses the entire working fleet o
Slide 6: Operating in the Most Prolific O&G Regions Internationally
Operating in the Most Prolific O&G Regions Internationally H&P is the most efficient driller in the U.S. and plans to demonstrate we can do the same in key international markets Core Middle East South America North Sea and Active rigs Active rigs Kuwait 2 Argentina 9 Caspian Sea Bahrain 2 29 Mgmt. C
Slide 7: International Growth Opportunities
International Growth Opportunities H&P is in active dialogue with operators throughout the MENA region Well-positioned to capitalize on international opportunities H&P MENA Region Existing Operations Commercial Discussions • Several constructive conversations at ADIPEC with host NOC’s and IOC’s expl
Slide 8: Actuals – Q4 Fiscal 2025
Actuals – Q4 Fiscal 2025 Strong direct margin performance across all operating areas North America International Offshore Other Solutions Solutions Solutions Direct Margin1 ($MMs) $242.0 $29.5 $34.8 $(9.5) Exit Rigs/Mgmt. Cont. 144 61(2) 35 N/A Q4 Fiscal 2025 $MMs Adjusted EBITDA(1) $225 Exceeded th
Slide 9: Guidance – Q1 & FY Fiscal 2026
Guidance – Q1 & FY Fiscal 2026 Expect continual progress on cost discipline and de-leveraging North America International Offshore Q1 Fiscal 2026 Guidance Items Other Solutions Solutions Solutions Direct Margin1 ($MMs) $225-$250 $13-$23 $27-$33 $3-$7 Avg. Rigs/Mgmt. Cont. 138-144 57-63(2) 30-35 N/A
Slide 10: Capital Expenditure Continues to Improve
Capital Expenditure Continues to Improve FY26 guidance represents a sizeable sequential decrease versus last few years H&P Gross CAPEX Evolution $500 • Fiscal 2026 is expected to come in significantly below $400 2025, despite several international reactivations CAPEX US$M $300 • Maintenance costs ar
Slide 11: H&P Investment Thesis
H&P Investment Thesis A Differentiated Global Drilling Business Global Scale Innovative Solutions Financial Profile • 200+ operating land rigs • Leader in customer-centric • Investment grade balance sheet performance contracts (Baa2 / BBB) • Exposure to all major global oil & gas regions • Premium d
Slide 12: Appendix
THE GLOBAL DRILLING SOLUTIONS COMPANY Appendix
Slide 13: H&P Global Rig Fleet
H&P Global Rig Fleet Rigs Rigs % Regions Available2 Contracted1 Contracted • A global leader in North America Solutions 203 143 70% onshore drilling International Solutions 137 59 43% • Largest fleet of super- Middle East3 77 374 48% spec rigs in the U.S. South America 34 13 38% Rest of World 26 9 3
Slide 14: Financial Strength and Liquidity
Financial Strength and Liquidity De-leveraging progress ahead of schedule Debt. Schedule Total Liquidity Debt Reduction Goal Type Amount Maturity Interest Rate(2) $1.17 B Over $400 M Cash and Undrawn In 2025-2026 Term Loan $190 M Jan. 2027 5.79% Credit Facility 3-yr Bond $350 M Dec. 2027 4.65% 5-yr
Slide 15: Non-GAAP Reconciliation of Direct Margin
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 believe it is useful i
Slide 16: Non-GAAP Reconciliation of Adjusted EBITDA
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 includes interest income
Slide 17: Reconciliation of Non-GAAP Measures
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 assessing and underst
Slide 18: Helmerich & Payne, Inc.
Helmerich & Payne, Inc. Thank You for Your Interest in H&P For more information, please visit our website at www.hpinc.com Contact: Kris Nicol Vice President of Investor Relations investor.relations@hpinc.com NYSE: HP