Helmerich & Payne Posts Tepid Q1 Numbers
Helmerich & Payne missed earnings and revenue expectations amid strategic acquisitions and adjustments to market conditions.
Helmerich & Payne (NYSE:HP), a leading oil and natural gas drilling company, delivered mixed fiscal 2025 first-quarter results on Feb. 5.
For the period, which ended Dec. 31, earnings per share (EPS) of $0.54 were significantly below the anticipated $0.68. Revenue held steady year over year at $677 million, but it also missed analysts' $692 million estimate as the company faced challenges in the U.S. market. Following the end of the quarter, however, it closed on its acquisition of KCA Deutag, which meaningfully boosted its footprint in the Middle East.
Source: Analysts' estimates for the quarter provided by FactSet.
