Helmerich & Payne, Inc. has recently released its 10-K report, showcasing its operations and financial performance for the fiscal year ended September 30, 2025. The company, headquartered in Tulsa, Oklahoma, provides drilling solutions and technologies for oil and gas exploration and production companies. Its operations are segmented into North America Solutions, Offshore Solutions, and International Solutions, with the North America Solutions segment primarily operating in Texas, the Offshore Solutions segment having drilling operations in various international waters, and the International Solutions segment conducting drilling operations in several countries including Saudi Arabia, Argentina, and Germany.
As of September 30, 2025, Helmerich & Payne's drilling rig fleet included a total of 367 drilling rigs, with 223 rigs in the North America Solutions segment, 137 rigs in the International Solutions segment, and seven offshore platform rigs in the Offshore Solutions segment. The company had 208 active contracted rigs, with 131 under fixed-term contracts and 77 working well-to-well. Helmerich & Payne's long-term strategy remains focused on innovation, technology, safety, operational excellence, and reliability.
The company's revenues are primarily derived from the capital expenditures of companies involved in the exploration, development, and production of crude oil and natural gas. The level of capital expenditures is influenced by factors such as commodity prices and global economic conditions. Helmerich & Payne also completed the acquisition of KCA Deutag, a diverse global drilling company, for approximately $2.0 billion during the fiscal year. This acquisition has contributed to the company's financial results and operational expansion.
The company's contract drilling backlog as of September 30, 2025, was $7.0 billion, a significant increase from the previous year, primarily due to the completion of the Acquisition. The backlog represents the expected future dayrate revenue from executed contracts, providing insight into the company's anticipated future cash flow.
Helmerich & Payne reported a loss of $163.7 million for the fiscal year ended September 30, 2025, compared to an income of $344.2 million for the previous year. The consolidated operating revenues for fiscal year 2025 were $3.7 billion, driven by the completion of the Acquisition, which contributed an additional $1.0 billion of revenue. The company also incurred various operating expenses, including direct operating expenses, depreciation and amortization, research and development expense, and selling, general, and administrative expenses.
As a result of these announcements, the company's shares have moved 2.45% on the market, and are now trading at a price of $26.74. For the full picture, make sure to review Helmerich & Payne's 10-K report.
