Helmerich & Payne Q2 FY2025 net income $1.7M; completes KCA Deutag acquisition, raises synergy outlook to $50-75M

Helmerich & Payne, Inc.

2025-Q2 EPS reported $0.56 vs consensus $0.22 ▲ beat (+157.0%)

Q2 revenue $1.0B; net income $1.7M, diluted EPS $0.01; Adjusted EBITDA $242M.
North America Solutions operating income $152M, direct margin per day $19,800, total direct margin $266M.
International Solutions operating loss $35M on Saudi start-up costs and rig suspensions; Offshore Solutions operating income $17.4M.
Expense synergies from KCA Deutag now expected >$25M; total cost reduction target $50-75M, full impact by FY2026.
Repaid $25M on $400M term loan; expects to repay ~$175M in calendar 2025; Q3 guidance: NA direct margin $235-260M.

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