secwatch.observer — SEC 8-K summary
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Issuer:     Helmerich & Payne, Inc. (HP)
CIK:        0000046765
Form:       8-K
Filed at:   2024-11-13T23:59:59+00:00
Accession:  0000046765-24-000073
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Helmerich & Payne Q4 EPS $0.76, FY EPS $3.43; KCA Deutag acquisition on track
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46765/000004676524000073/0000046765-24-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46765/000004676524000073/hp-20241113.htm
  HTML page:      https://secwatch.observer/filing/0000046765-24-000073

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