Helmerich & Payne (HP) Investor presentation summary

Company overview and market position

• Operates in 16 countries with over 106 years of experience and is the largest offshore platform operator globally.

• Generated over $3.7 billion in revenues and $0.9 billion in adjusted EBITDA in fiscal 2025.

• Holds a 30%+ market share in U.S. super-spec rigs, with 140 rigs operating in the Lower 48.

• Acquired KCA Deutag in 2025, expanding its international footprint and adding over 100 rigs.

• Employs 15,700 people worldwide and maintains investment-grade credit ratings.

Operational performance and segment highlights

• North America Solutions led with $2.3B in FY25 revenue and 138 rigs, maintaining leading market share.

• International Solutions generated $800M in FY25 revenue, with 64 rigs in MENA, LATAM, and other regions.

• Offshore Solutions contributed $520M in FY25 revenue, managing 30 contracts and 3 rigs.

• 2Q'26 North America Solutions delivered $215M direct margin, drilling nearly 30% of Lower 48 wells.

• International and Offshore segments maintained stable operations, with $11.5M and $27M direct margins respectively in 2Q'26.

Technology, innovation, and automation

• Developed FlexRig® and FlexRobotics® technologies, setting industry benchmarks for performance and automation.

• FlexFusion® digital drilling automation package automates stand drilling, improving cycle times and consistency.

• Remote Operations Centers provide 24/7 global support, predictive monitoring, and integrated analytics.

• Over 90 million feet drilled globally in 2025, with a 2x increase in NAS feet drilled per day since 2014.

• Geothermal drilling is a growth area, with over 60 wells drilled and partnerships with Baker Hughes and Fervo Energy.