earnings
confidence high
sentiment neutral
materiality 0.70
Helmerich & Payne Q4 EPS $0.76, FY EPS $3.43; KCA Deutag acquisition on track
Helmerich & Payne, Inc.
2024-FY EPS reported
$3.43
revenue$2,756,607,000
- Q4 net income $75M ($0.76 diluted), down from $89M ($0.88) in Q3; FY2024 net income $344M ($3.43) includes $(0.07) select items.
- North America Solutions segment Q4 direct margin $274.6M; exited 151 active rigs; guides 147-153 exiting Q1 FY2025.
- KCA Deutag ~$2.0B acquisition expected to close by year-end 2024; financing raised via $1.25B bonds avg 5% and $400M term loan.
- FY2025 capex guided $290-325M, down ~$190M from FY2024; maintenance capex per rig returning to ~$1M.
- Board declared $0.25/share quarterly dividend, payable Dec 2, 2024 to holders of record Nov 18.