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Helmerich & Payne (HP) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Aug 11, 2025
Helmerich & Payne (HP) reported revenue of $1.0B for the third quarter fiscal 2025 (Q3 FY25), +49% from a year earlier and +2% from the quarter before. Operating margin was -12.3%, net loss $162M (15.6% of revenue).
Helmerich & Payne, Q3 FY25: revenue $1.0B (+49% year over year), operating margin -12.3%, net loss $162M, operating cash flow $122M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | +2% | +49% |
| Operating profit | −$128M | -404% | — |
| Net earnings | −$162M | -9888% | — |
| Operating cash flow | $122M | +117% | -38% |
| Free cash flow | $24.6M | — | -61% |
What changed
Revenue was $1.0B in Q3 FY25, up 49% year over year and up 2% from the previous quarter. North America Solutions was the largest line at 57% of revenue. International Solutions added $0.22B year over year (up 454%), 63% of the total change. North America Solutions declined 5%.
Operating costs exceeded revenue by $0.13B, an operating margin of -12.3%. Total costs grew 100% against revenue growth of 49%. The fastest-growing cost line was Other operating costs (+297%). The quarter ended with a net loss of $0.16B, after a profit of $3.0M the previous quarter.
Operating cash flow was $0.12B (down 38% year over year). Non-cash charges added back $0.18B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.10B. Capital expenditures of $0.10B left free cash flow of $0.02B.
Questions
What was Helmerich & Payne's revenue in the third quarter fiscal 2025?
Helmerich & Payne (HP) reported revenue of $1.0B for the third quarter fiscal 2025 (Q3 FY25), +49% from a year earlier and +2% from the quarter before.
Was Helmerich & Payne profitable in the third quarter fiscal 2025?
Operating loss was $128M (-12.3% of revenue) and net loss $162M.
Source: Helmerich & Payne 10-Q on SEC EDGAR.