secwatch.observer — SEC 8-K summary
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Issuer:     Helmerich & Payne, Inc. (HP)
CIK:        0000046765
Form:       8-K
Filed at:   2025-05-15T23:59:59+00:00
Accession:  0000046765-25-000035
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Helmerich & Payne posts pro forma net loss of $22.3M for six months ended March 31, 2025 post-KCA Deutag acquisition
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- Pro forma combined revenue of $2.18B for the six months ended March 31, 2025.
- Pro forma net loss attributable to owners of $22.3M; diluted EPS of ($0.23).
- Includes 15 days of KCA Deutag operations (Jan 1-15, 2025) not previously consolidated, adding $63.2M revenue.
- Pro forma adjustments for purchase accounting: incremental D&A of $37.3M and net interest expense benefit of $20.0M.
- Acquisition transaction costs of $109.3M included in pro forma operating expenses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46765/000004676525000035/0000046765-25-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46765/000004676525000035/hp-20250515.htm
  HTML page:      https://secwatch.observer/filing/0000046765-25-000035

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