Helmerich & Payne, Inc. (HP) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

The journey to becoming an outcome and customer focused firm did not happen overnight or over a few quarters. This customer centric focus is truly embedded in everything we do every day. We continue to advance in both performance based agreements and in our technology journey. Both performance based agreements and technology aid in our ability to create customer value. Our digital applications, are now at all-time highs for adoption and value creation. We now have advanced applications and automation working on essentially every rig in the US Lower 48, with app count growing 20% year-over-year. The drive for additional efficiencies continues, along with lateral links and well complexity. Our customer-centric models, rig equipment, drilling expertise, technology portfolio, and our people continue to place us at the center of this continued evolution. In addition, our customers' drive for safety and performance improvements uniquely positions H&P and our approach for further share capture and customer value creation. An example of this can be seen in the Permian Basin. The Permian Basin is down 12% year-over-year in total rate count. And over that same period, our share position of the Permian Basin has grown over three percentage points. On the international and offshore solutions fronts, we continue to enhance relationships around the globe. We are now active and effectively all of the major basins outside of Russia and China. Our teams continue to find growth opportunities in international markets, highlighted by near-term growth in South America and other key markets. The need for capital efficiency is not unique to the US shale market. customers large and small all over the globe need the right partner to create long-term and sustainable growth. Our distinctive ca...