secwatch.observer — SEC 8-K summary
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Issuer:     Helmerich & Payne, Inc. (HP)
CIK:        0000046765
Form:       8-K
Filed at:   2025-08-06T23:59:59+00:00
Accession:  0000046765-25-000046
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Helmerich & Payne Q3 net loss $1.64/shr; goodwill impairment $173M
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- Consolidated net loss $163M ($1.64 diluted loss); adjusted net income $22M ($0.22/shr).
- NAS operating income $158M, direct margin $266M ($19,860/day) on 147 rigs.
- International Solutions operating loss $167M includes $128M goodwill impairment from KCAD.
- Identified ~$50M of $50-75M KCAD synergy target; repaid $120M on $400M term loan, raised 2025 repayment to $200M.
- Q4 guidance: NAS direct margin $230-250M; International $22-32M; Offshore $22-30M; capex $380-395M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46765/000004676525000046/0000046765-25-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46765/000004676525000046/hp-20250806.htm
  HTML page:      https://secwatch.observer/filing/0000046765-25-000046

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