Compared to Estimates, Helmerich & Payne (HP) Q2 Earnings: A Look at Key Metrics

Core Insights - Helmerich & Payne reported $1.02 billion in revenue for the quarter ended March 2025, a year-over-year increase of 47.7% [1] - The EPS for the same period was $0.02, down from $0.86 a year ago, indicating a significant decline [1] - The revenue exceeded the Zacks Consensus Estimate of $992.67 million by 2.35%, while the EPS fell short of the consensus estimate of $0.65 by 96.92% [1] Financial Performance Metrics - Average active rigs in North America Solutions were 149, slightly above the three-analyst average estimate of 148 [4] - The number of available rigs in North America Solutions was 224, close to the average estimate of 226 [4] - In International Solutions, the number of available rigs was 153, significantly higher than the estimated 111 [4] - Average active rigs in International Solutions reached 69, compared to the average estimate of 47 [4] - Operating Revenues for Other segments were $3.65 million, below the average estimate of $22.47 million, but showed a year-over-year increase of 29.6% [4] - Operating Revenues for International Solutions were $247.91 million, exceeding the average estimate of $180.77 million, with a remarkable year-over-year change of 440.4% [4] - Operating Revenues for North America Solutions were $599.69 million, slightly below the average estimate of $572.80 million, reflecting a year-over-year decrease of 2.2% [4] - Drilling services generated $1.01 billion in revenue, surpassing the average estimate of $982.62 million, with a year-over-year increase of 47.8% [4] - Segment operating income for International Solutions was a loss of $34.98 million, compared to the average estimate of a $4.09 million profit [4] - Segment operating income for North America Solutions was $151.94 million, exceeding the average estimate of $136.91 million [4] Stock Performance - Helmerich & Payne's shares returned +1.2% over the past month, underperforming the Zacks S&P 500 composite's +10.6% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]