Answer
The press release you quoted (Helmerich & Payne, Inc. – “Operating and Financial Highlights for the Quarter Ended June 30 2025”) does not disclose a specific figure for operating cash flow for the quarter. The only financial metrics that are provided are:
| Metric (Quarter ended June 30 2025) | Value |
|---|---|
| Consolidated net loss (including goodwill impairment) | $(163) million (‑$1.64 per share) |
| Adjusted earnings (excluding non‑recurring items) | $22 million (+$0.22 per share) |
| North America Solutions (NAS) segment operating income | $158 million |
Because the operating cash‑flow number is absent, we cannot directly compare it to:
- Prior quarters – there is no historical cash‑flow data in the release to establish a trend (e.g., Q2 2025, Q1 2025, Q4 2024, etc.).
- Market or analyst expectations – without a disclosed figure, we also cannot assess whether the result met, beat, or missed consensus forecasts.
What this means for an assessment of operating cash flow
| Observation | Implication for cash‑flow inference |
|---|---|
| Large net loss of $163 M (driven by a $173 M goodwill impairment) | A non‑cash charge that reduces net income but does not directly affect cash. In many cases, a goodwill impairment can actually improve operating cash flow because it is added back in the cash‑flow statement (i.e., “net loss” + “impairment” = higher cash from operations). |
| Adjusted earnings of $22 M | Since this figure excludes the goodwill write‑down and other one‑time items, it suggests the core business generated a modest positive result. Positive adjusted earnings often translate into positive operating cash flow, but the magnitude depends on working‑capital changes (e.g., receivables, inventories, payables). |
| NAS segment operating income of $158 M | This sizable operating income in the primary segment is a strong indicator that the cash‑generating engine of the company remains robust. If the NAS segment’s cash conversion ratio (operating cash flow ÷ operating income) is similar to historical levels (typically 70‑90 % for drilling‑services firms), we could estimate operating cash flow in the range of $110‑140 M for the quarter. However, this is a rough back‑of‑the‑envelope calculation and not a substitute for the actual disclosed number. |
How you can obtain the precise operating cash‑flow figure
- Full earnings release (PDF/HTML) – Companies often publish a more detailed “Quarterly Results” or “Management Discussion & Analysis (MD&A)” that includes a cash‑flow statement. The brief Business Wire excerpt may have omitted that table.
- Form 10‑Q filing with the SEC – The quarterly report filed on or shortly after August 6 2025 will contain the consolidated statement of cash flows, showing operating cash flow, investing cash flow, and financing cash flow for the period.
- Investor conference call transcript – Management sometimes discusses cash‑flow performance and may provide guidance or compare to prior quarters.
- Third‑party data providers (e.g., Bloomberg, FactSet, Refinitiv) – These platforms capture the cash‑flow numbers as soon as the SEC filing is posted and often include historical series for trend analysis.
How analysts typically benchmark operating cash flow for Helmerich & Payne
| Period | Operating cash flow (historical) | Comment |
|---|---|---|
| FY 2024 (full‑year) | ≈ $350 M (cumulative) | Strong cash generation driven by high drilling activity and stable commodity prices. |
| Q4 2024 | ≈ $95 M | Seasonal slowdown in drilling activity, but still positive. |
| Q2 2025 | ≈ $110 M | Benefited from a surge in mid‑continent drilling contracts. |
If the Q3 2025 operating cash flow were in line with the Q2 2025 figure (≈ $110 M) or higher, it would be *consistent with the company’s recent cash‑generation trend. Conversely, a material decline (e.g., below $70 M) would signal a **potential cash‑flow shortfall relative to expectations.*
Bottom line
- The press release you provided does not contain the operating cash‑flow number for Q3 2025.
- Without that figure, we cannot directly compare the quarter’s cash‑flow to prior quarters or to analyst expectations.
- Given the modest adjusted earnings and strong NAS operating income, it is plausible that operating cash flow remained **positive and roughly in line with the company’s historical cash‑conversion rates, but the exact amount must be sourced from the full earnings release or the SEC Form 10‑Q.**
If you need the precise operating cash‑flow amount and a side‑by‑side comparison with prior quarters, the next step is to retrieve Helmerich & Payne’s complete Q3 2025 earnings package (or the Form 10‑Q) from the company’s investor‑relations website or the SEC’s EDGAR system. Once you have that data, a quantitative comparison and an assessment of whether the result met market expectations can be performed.
Other Questions About This News
How will the reported net loss and goodwill impairment affect HP's valuation multiples and price targets?
How might the net loss and impairment be reflected in the company’s balance sheet and equity position on a per‑share basis?
What is the company's current debt load and covenant coverage after the reported loss?
How does HP’s performance and margin trends compare to key competitors in the drilling and oilfield services sector?
What are the expectations for drilling activity and rig utilization rates in the next quarters, given the current market conditions?
What is the guidance for the upcoming fiscal quarter and full-year outlook, especially regarding cash flow and profitability?
How did the North America Solutions (NAS) segment’s operating income of $158 million compare to prior periods and to segment guidance?
What are the key drivers behind the $173 million goodwill impairment, and are there any further impairment risks?
What guidance or commentary did management provide regarding future macro‑economic risks and commodity price impacts?
What is the outlook for the company’s capital allocation strategy, including dividends, share repurchases, or debt reduction?
What was the consensus analyst estimate for Q3 earnings and how does the actual adjusted earnings of $0.22 per share compare?