secwatch.observer — SEC 8-K summary
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Issuer:     Helmerich & Payne, Inc. (HP)
CIK:        0000046765
Form:       8-K
Filed at:   2025-02-05T23:59:59+00:00
Accession:  0000046765-25-000006
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

H&P reports Q1 net income down 26% YoY to $55M; KCA Deutag acquisition closed
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- Diluted EPS $0.54 vs. $0.76 prior quarter; includes $(0.17) in after-tax special items.
- Revenue $677M, down 2.5% from Q4FY24; NAS segment revenue $598M with 148 active rigs.
- Acquisition of KCA Deutag completed Jan 16, adding ~$5.5B backlog and 65 rigs in Middle East.
- Q2 FY25 guidance: NAS direct margins $240-260M, International Solutions combined $28-47M.
- Quarterly dividend maintained at $0.25/share, payable Feb 28, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46765/000004676525000006/0000046765-25-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46765/000004676525000006/hp-20250205.htm
  HTML page:      https://secwatch.observer/filing/0000046765-25-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer