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Helmerich & Payne (HP) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 9, 2025
Helmerich & Payne (HP) reported revenue of $1.0B for the second quarter fiscal 2025 (Q2 FY25), +48% from a year earlier and +50% from the quarter before. Operating margin was 4.1%, net earnings $1.7M (0.2% of revenue).
Helmerich & Payne, Q2 FY25: revenue $1.0B (+48% year over year), operating margin 4.1%, net earnings $1.7M, operating cash flow $56.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | +50% | +48% |
| Operating profit | $42.2M | -54% | -62% |
| Net earnings | $1.7M | -97% | -98% |
| Operating cash flow | $56.0M | -65% | -61% |
What changed
Revenue was $1.0B in Q2 FY25, up 48% year over year and up 50% from the previous quarter. North America Solutions was the largest line at 59% of revenue. International Solutions added $0.20B year over year (up 440%), 62% of the total change. North America Solutions declined 2%.
Operating profit was $0.04B, a 4.1% margin (down 12.0 points year over year). Operating profit fell $0.07B even though revenue rose $0.33B versus a year earlier, so costs grew faster than sales. Total costs grew 69% against revenue growth of 48%. The fastest-growing cost line was Other operating costs (+79%). Net earnings were $1.7M, down 98% year over year. The effective tax rate was 93.3%.
Operating cash flow was $0.06B (down 61% year over year), 1877% of net income including minority interests. Non-cash charges added back $0.16B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.11B. Capital expenditures of $0.16B exceeded it, leaving free cash flow of −$0.10B.
Questions
What was Helmerich & Payne's revenue in the second quarter fiscal 2025?
Helmerich & Payne (HP) reported revenue of $1.0B for the second quarter fiscal 2025 (Q2 FY25), +48% from a year earlier and +50% from the quarter before.
Was Helmerich & Payne profitable in the second quarter fiscal 2025?
Operating profit was $42.2M (4.1% of revenue) and net earnings $1.7M.
Source: Helmerich & Payne 10-Q on SEC EDGAR.