Helmerich & Payne, Inc. released its fiscal fourth quarter and full-year 2025 results with a net loss of $(57) million, impacted by non-recurring charges.
The Company anticipates positive growth in fiscal year 2026 with expectations of increased operational activity and financial performance.
Notable operating highlights include improvements in the North America Solutions segment and a reduction in the International Solutions operating loss.
Consolidated Net Loss
Reported a net loss of $(57) million for Q4 2025, adjusted for one-time charges to $(1) million.
Rig Resumptions in Saudi Arabia
Expecting seven rigs to resume operations in Saudi Arabia in the first half of 2026, increasing the total rig count to 24 by mid-2026.
Capital Expenditure Guidance
Forecasting gross capital expenditures between $280 million and $320 million for fiscal 2026, focusing on operational enhancements and fleet maintenance.
Debt Repayment
Repaying $210 million on a $400 million term loan by October 2025 and aiming to clear the entire loan by the end of Q3 2026.
Dividend Program
Returned approximately $25 million to shareholders through the Company's dividend program.
- Despite a net loss in Q4 2025, Helmerich & Payne remains optimistic for fiscal 2026 with expected increases in operational rig counts and improved financial metrics.
- The Company's strategic focus on operational efficiency and debt reduction highlights a commitment to long-term financial sustainability.
Helmerich & Payne's fiscal 2025 results reflect both challenges and opportunities, setting the stage for a promising outlook in 2026. With a clear strategy for debt repayment, capital investments, and operational enhancements, the Company is poised for continued growth and value creation.