Helmerich & Payne Inc. Reports Q3 Net Loss of $163M; Adjusted Earnings at $22M or $0.22 EPS After Goodwill Impairment Charge
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Helmerich & Payne, Inc. reported a Q3 net loss of $163 million, including a $173 million goodwill impairment charge. Adjusted earnings were $22 million, with the North America Solutions segment showing an operating income of $158 million. The company repaid $120 million of its $400 million term loan and plans to repay $200 million by the end of 2025. Additionally, $25 million was returned to shareholders through dividends.
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