Helmerich & Payne, Inc.

Investor Presentation • Nov 18, 2025

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Forward-Looking Statements

Helmerich & Payne

This presentation includes "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, and such statements are based on current expectations and assumptions that are subject to risks and uncertainties. All statements other than statements of historical facts included in this presentation, including, without limitation, statements regarding the anticipated benefits (including synergies and cash flow) of the acquisition and integration of KCA Deutag, the anticipated impact of the acquisition of KCA Deutag on the Company's business and future financial and operating results, the anticipated timing of expected synergies, cost savings and returns from the acquisition of KCA Deutag, the anticipated impact of suspended rigs related to the Acquisition, outlook for fiscal 2026, the Company's business strategy, future financial position, operations outlook, future cash flow, future use of generated cash flow, dividend amounts and timing, amounts of any future dividends, investments, active rig count projections, projected costs and plans, objectives of management for future operations, contract terms, financing and funding, debt reduction plans, capex spending and budgets, outlook for domestic and international markets, future commodity prices, and future customer activity and relationships are forward-looking statements. For information regarding risks and uncertainties associated with the Company's business, please refer to the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections and other disclosures in the Company's SEC filings, including but not limited to its annual report on Form 10-K and quarterly reports on Form 10-Q. As a result of these factors, Helmerich & Payne, Inc.'s actual results may differ materially from those indicated or implied by such forward-looking statements. Investors are cautioned not to put undue reliance on such statements. We undertake no duty to publicly update or revise any forward-looking statements, whether as a result of new information, changes in internal estimates, expectations or otherwise, except as required under applicable securities laws.

Helmerich & Payne uses its Investor Relations website as a channel of distribution for material company information. Such information is routinely posted and accessible on its Investor Relations website at www.hpinc.com. Information on our website is not part of this presentation.

Market & Industry Data:

The data included in this presentation regarding the oil field services industry, including trends in the market and the Company's position and the position of its competitors within this industry, are based on the Company's estimates, which have been derived from management's knowledge and experience in the industry, and information obtained from customers, trade and business organizations, internal research, publiclyavailable information, industry publications and surveys and other contacts in the industry. The Company has also cited information compiled by industry publications, governmental agencies and publicly-available sources. Although the Company believes these third-party sources to be reliable, it has not independently verified the data obtained from these sources and it cannot assure you of the accuracy or completeness of the data. Estimates of market size and relative positions in a market are difficult to develop and inherently uncertain and the Company cannot assure you that it is accurate. Accordingly, you should not place undue weight on the industry and market share data presented in this presentation.

Use of Non-GAAP Financial Measures:

Statements made in this presentation include non-GAAP financial measures. The required reconciliations to U.S. GAAP financial measures are included at the end of this presentation.

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H&P: Providing Global Drilling Solutions

(2) Does not include 27 rigs that have suspended operations in Saudi Arabia.

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Quarterly Highlights

Strong NAS Performance

• Direct margin(1) of \$242 million, slightly exceeding the midpoint of guidance
• The adoption of digital applications continues to grow, translating into NAS value creation
• Strong execution and differentiated value proposition are driving industry leading margin performance in North America with daily direct margin(1) of \$18,620
• ~50% of active rigs are operating under performance-based contracts, aligning incentives to drive mutually beneficial outcomes with customers

Growing Scale

• Seven rigs are scheduled to resume operations in Saudi Arabia in 2026, increasing the total active rig count in-country to 24
• Direct margin(1) of over \$64 million in International and Offshore Solutions segments, with both operating segments exceeding the midpoint of guidance
• Offshore Solutions realized record direct margin during the fourth quarter with increased rig utilization
• H&P's differentiated performance is increasingly evident as we deepen our presence in key international markets

Financial Results

• Consolidated adjusted EBITDA(1) of \$225 million
• Generated FCF of approximately \$154 million(2)
• Debt repayment of \$210 million on \$400 million term loan through October, up from prior expectations, with repayment of the entire term loan expected by end of Q3FY26

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Delivering Top Performance With Scale in U.S.

H&P's market share in the Permian Basin has expanded from 29% to ~35% over the past five years(1)

• H&P's active rig count in the Permian surpasses the entire working fleet of most peers
• H&P has achieved a 21% increase in lateral footage drilled per rig in the Permian Basin over the past five years
• Applying drilling solutions at scale within the most resource-rich basin in the United States, driving operational excellence

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Operating in the Most Prolific O&G Regions Internationally

H&P is the most efficient driller in the U.S. and plans to demonstrate we can do the same in key international markets

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International Growth Opportunities

H&P is in active dialogue with operators throughout the MENA region

Well-positioned to capitalize on international opportunities

• Several constructive conversations at ADIPEC with host NOC's and IOC's exploring international onshore expansion
• Ability to rapidly mobilize across multiple countries in MENA
• H&P has the right assets, people, customer relationships, and operating scale to succeed

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Actuals – Q4 Fiscal 2025

Strong direct margin performance across all operating areas

	North America Solutions	International Solutions	Offshore Solutions	Other
Direct Margin1 (\$MMs)	\$242.0	\$29.5	\$34.8	\$(9.5)
Exit Rigs/Mgmt. Cont.	144	61(2)	35	N / A

Q4 Fiscal 2025	\$MMs
Adjusted EBITDA(1)	\$225
Diluted EPS	\$(0.58)
Adjusted EPS(1)	\$(0.01)
Cash Flow From Operating Activities	\$211
Net Capital Expenditures(1)	\$53.3
Free Cash Flow	\$153.7

• Exceeded the midpoint of guidance
• Exceeded consensus

⁽¹⁾ Direct Margin, Adjusted EBITDA, Adjusted EPS, and Net Capex are non-GAAP financial measures; see the Appendix for GAAP reconciliations.

⁽²⁾ Does not include 27 rigs that have suspended operations in Saudi Arabia, as of November 17th.

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Guidance – Q1 & FY Fiscal 2026

Expect continual progress on cost discipline and de-leveraging

Q1 Fiscal 2026 Guidance Items	North America Solutions	International Solutions	Offshore Solutions	Other
Direct Margin1 (\$MMs)	\$225-\$250	\$13-\$23	\$27-\$33	\$3-\$7
Avg. Rigs/Mgmt. Cont.	138-144	57-63(2)	30-35	N / A

Full Fiscal Year 2026 Guidance Items	\$MMs
Gross Capital Expenditures	\$280-\$320	Reflects a step-down from FY25 levels
Depreciation	\$690
Research and Development	\$25
Selling, General & Administrative	\$265-\$285	(3)
Cash Taxes	\$95-\$145
Interest Expense	\$100

⁽¹⁾ Direct Margin is a non-GAAP measure

⁽²⁾ Does not include 27 rigs that have suspended operations in Saudi Arabia, as of November 17th

⁽³⁾ Sequential decline relative to proforma annualized 2025

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Capital Expenditure Continues to Improve

FY26 guidance represents a sizeable sequential decrease versus last few years

H&P Gross CAPEX Evolution

• Fiscal 2026 is expected to come in significantly below 2025, despite several international reactivations
• Maintenance costs are decreasing, particularly in NAS, which are now near pre-COVID levels
• Lower capex YoY will bolster deleveraging progress

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H&P Investment Thesis

A Differentiated Global Drilling Business

• 200+ operating land rigs
• Exposure to all major global oil & gas regions
• Durable and capital light offshore business
• Premier customer base

H&P can drive profitable growth across diverse global markets

Global Scale Innovative Solutions Financial Profile

• Leader in customer-centric performance contracts
• Premium digital offerings enabling improved, consistent, and efficient drilling performance
• Asset investments providing a durable technical advantage

Forward-thinking commercial strategies and advanced technologies set H&P apart

• Investment grade balance sheet (Baa2 / BBB)
• Rapid de-leveraging (repayment of term loan expected by end of Q3FY26)
• Delivering meaningful improvements in cost efficiency
• Consistent dividend yield

Financial strength underpins growth, dividend stability, and disciplined deleveraging

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Appendix

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H&P Global Rig Fleet

Regions	Rigs Available2	Rigs Contracted1	% Contracted
North America Solutions	203	143	70%
International Solutions	137	59	43%
Middle East3	77	374	48%
South America	34	13	38%
Rest of World	26	9	38%
Offshore Solutions	5	3	60%
Total Fleet	345	205	59%

• A global leader in onshore drilling
• Largest fleet of superspec rigs in the U.S.
• A leading land driller in the Middle East and South America

⁽¹⁾ Contracted rig count as of 11/17/2025

⁽²⁾ 99% of H&P's rigs in North America Solutions are super-spec

⁽³⁾ Includes rigs in Saudi Arabia, Oman, Kuwait, and Bahrain

⁽⁴⁾ Does not include 27 rigs that have suspended operations in Saudi Arabia, as of November 17th

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Financial Strength and Liquidity

De-leveraging progress ahead of schedule

Total Liquidity \$1.17 B Cash and Undrawn Credit Facility	Debt Reduction Goal Over \$400 M In 2025-2026
Credit Rating BBB/Baa2 Investment Grade at S&P & Moody's	Cost Savings Over \$50 M FY26 SG&A guidance is over \$50M lower than relative proforma annualized FY25
Q4 Adj. EBITDA(1) \$225 M Exceeding consensus	Dividend Yield ~4% Competitive Within OFS

Debt. Schedule

Type	Amount	Maturity	Interest Rate(2)
Term Loan	\$190 M	Jan. 2027	5.79%
3-yr Bond	\$350 M	Dec. 2027	4.65%
5-yr Bond	\$350 M	Dec. 2029	4.85%
10-yr Bond	\$550 M	Sept. 2031	2.90%
10-yr Bond	\$550 M	Dec. 2034	5.50%
Total Debt	\$1,990 M(3)		4.55%

Liquidity

Type	Amount
Undrawn Credit Facility	\$950 M
Cash & Short-Tern Investments(4)	\$218 M
Total Liquidity	\$1,168 M

• (1) Adjusted EBITDA is non-GAAP financial measure; see the Appendix for GAAP reconciliation.
• (2) Rate will change in accordance with SOFR (secured overnight financing rate) fluctuations
• (3) Not included is \$74MM of secured term loan credit agreements
• (4) Cash and equivalent balances include balances outside of the US as of 9/30/25

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Non-GAAP Reconciliation of Direct Margin

		Three Months Ended						Year Ended
(in thousands)	September 30, 2025			June 30, 2025	September 30 2024		September 30, 2025		September 30, 2024
NORTH AMERICA SOLUTIONS
Segment operating income	\$	118,158	\$	157,649	\$	155,593	\$	579,961	\$	610,623
Add back:
Depreciation and amortization		88,248		88,078		92,647		351,813		366,446
Research and development		7,580		7,617		8,975		34,140		41,293
Selling, general and administrative expense		25,781		10,972		17,301		68,047		61,113
Acquisition transaction costs		_		7		_		41	_	_
Asset impairment charge		_		_		_		1,507	B	_
Restructuring charges		2,272		1,849				4,121		_
Direct margin (Non-GAAP)	\$	242,039	\$	266,172	\$	274,516	\$	1,039,630	\$	1,079,475
INTERNATIONAL SOLUTIONS
Segment operating income (loss)	\$	(75,715)	s	(166,513)	s	(3,954)	s	(291,695)	s	4.652
Add back:	*	(, )	*	(123,212)	•	(0,00.7)	*	(== 1,===)	•	1,552
Depreciation and amortization		90,102		66,734		3,314		218,817		10,863
Selling, general and administrative expense		4,964		5,014		2,093		17,232		9,427
Acquisition transaction costs		1,234		141		_		1,585		_
Asset impairment charge		4,368		128,352		_		132,720		_
Restructuring charges		4,565		380		_		4,945		_
Direct margin (Non-GAAP)	\$	29,518	\$	34,108	\$	1,453	\$	83,604	\$	24,942
OFFSHORE SOLUTIONS
Segment operating income	\$	20.293	g.	8,769	\$	4,275	S.	49.942	\$	12,415
Add back:	Ψ	20,233	Ψ	0,703	Ψ	4,273	Ψ	73,372	Ψ	12,415
Depreciation and amortization		10,023		12,681		1,723		32,461		7,530
Selling, general and administrative expense		1,297		1,294		1,079		4,619		3,594
Acquisition transaction costs		2,911		_		_		2,971		_
Restructuring charges		237		29		_		266		_
Direct margin (Non-GAAP)	\$	34,761	\$	22,773	\$	7,077	\$	90,259	\$	23,539

Direct margin is considered a non-GAAP metric. We define "direct margin" as operating revenues (less reimbursements) less direct operating expenses (less reimbursements). Direct margin is included as a supplemental disclosure because we believe it is useful in assessing and understanding our current operational performance, especially in making comparisons over time. Direct margin is not a substitute for financial measures prepared in accordance with GAAP and should therefore be considered only as supplemental to such GAAP financial measures.

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Non-GAAP Reconciliation of Adjusted EBITDA

Interest expense 27,972 29,200 16,124 107,808 29,093 (Gain) loss on investment securities 36,461 337 (13,851) 22,377 (13,953) Foreign currency exchange loss (6,455) 9,216 1,041 9,682 5,550		Three Months Ended							Year Ended
Net income (loss) attributable to Helmerich and Payne, Inc. (57,363) (162,758) 75,476 (163,695) 344,165 Add back: Net income attributable to non-controlling interest 1,556 859 — 3,747 — Income tax expense (benefit) (6,265) 28,991 40,878 85,835 136,855 Other (income) expense Interest and dividend income (3,353) (2,856) (11,979) (35,207) (41,168) Interest expense 27,972 29,200 16,124 107,808 29,093 (Gain) loss on investment securities 36,461 337 (13,851) 22,377 (13,953) Foreign currency exchange loss (6,455) 9,216 1,041 9,682 5,550 Other 5,985 (31,258) (102) (27,229) (3,093) Depreciation and amortization 188,857 179,491 100,992 625,085 397,344 Acquisition transaction costs 5,677 8,623 10,452 54,702 14,982 Asset impairment charges 18,928		Septe	ember 30,		June 30,	Sept	ember 30,	Se	ptember 30,	September 30,
Payne, Inc. \$ (57,363) \$ (162,758) \$ 75,476 \$ (163,695) \$ 344,165 Add back: Net income attributable to non-controlling interest 1,556 859 — 3,747 — Income tax expense (benefit) (6,265) 28,991 40,878 85,835 136,855 Other (income) expense — — — — — — 40,878 29,935 — — 136,855 Other (income) expense — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — </th	(in thousands)		2025		2025		2024	2025		2024		(in thousands)		2025		2025		2024	2025		2024
Net income attributable to non-controlling interest 1,556 859 — 3,747 —		\$	(57,363)	\$	(162,758)	\$	75,476	\$	(163,695)	\$	344,165
interest 1,556 859 — 3,747 — Income tax expense (benefit) (6,265) 28,991 40,878 85,835 136,855 Other (income) expense Interest and dividend income (3,353) (2,856) (11,979) (35,207) (41,168) Interest expense 27,972 29,200 16,124 107,808 29,093 (Gain) loss on investment securities 36,461 337 (13,851) 22,377 (13,953) Foreign currency exchange loss (6,455) 9,216 1,041 9,682 5,550 Other 5,985 (31,258) (102) (27,229) (3,093) Depreciation and amortization 188,857 179,491 100,992 625,085 397,344 Acquisition transaction costs 5,677 8,623 10,452 54,702 14,982 Asset impairment charges 18,928 173,258 — 194,030 — Restructuring charges 7,450 4,681 — 12,131 — Other (gai	Add back:
Other (income) expense (3,353) (2,856) (11,979) (35,207) (41,168) Interest and dividend income (3,353) (2,856) (11,979) (35,207) (41,168) Interest expense 27,972 29,200 16,124 107,808 29,093 (Gain) loss on investment securities 36,461 337 (13,851) 22,377 (13,953) Foreign currency exchange loss (6,455) 9,216 1,041 9,682 5,550 Other 5,985 (31,258) (102) (27,229) (3,093) Depreciation and amortization 188,857 179,491 100,992 625,085 397,344 Acquisition transaction costs 5,677 8,623 10,452 54,702 14,982 Asset impairment charges 18,928 173,258 — 194,030 — Restructuring charges 7,450 4,681 — 12,131 — Other (gain) loss on sale of assets (595) 1,347 2,421 1,541 5,139 Excluding Select Items (N			1,556		859		_		3,747		_
Interest and dividend income (3,353) (2,856) (11,979) (35,207) (41,168)	Income tax expense (benefit)		(6,265)		28,991		40,878		85,835		136,855
Interest expense 27,972 29,200 16,124 107,808 29,093	Other (income) expense
(Gain) loss on investment securities 36,461 337 (13,851) 22,377 (13,953) Foreign currency exchange loss (6,455) 9,216 1,041 9,682 5,550 Other 5,985 (31,258) (102) (27,229) (3,093) Depreciation and amortization 188,857 179,491 100,992 625,085 397,344 Acquisition transaction costs 5,677 8,623 10,452 54,702 14,982 Asset impairment charges 18,928 173,258 — 194,030 — Restructuring charges 7,450 4,681 — 12,131 — Other (gain) loss on sale of assets (595) 1,347 2,421 1,541 5,139 Excluding Select Items (Non-GAAP) Research and development costs associated with an asset acquisition — — — 3,840 Gains related to an insurance claim — — — — 3,840 Credit loss expense associated with long-term note receivable 9,878 — — 9,878 —	Interest and dividend income		(3,353)		(2,856)		(11,979)		(35,207)		(41,168)
Foreign currency exchange loss (6,455) 9,216 1,041 9,682 5,550	Interest expense		27,972		29,200		16,124		107,808		29,093
Other 5,985 (31,258) (102) (27,229) (3,093) Depreciation and amortization 188,857 179,491 100,992 625,085 397,344 Acquisition transaction costs 5,677 8,623 10,452 54,702 14,982 Asset impairment charges 18,928 173,258 — 194,030 — Restructuring charges 7,450 4,681 — 12,131 — Other (gain) loss on sale of assets (595) 1,347 2,421 1,541 5,139 Excluding Select Items (Non-GAAP) Research and development costs associated with an asset acquisition — — — 3,840 Gains related to an insurance claim — — — — 3,840 Credit loss expense associated with longterm note receivable 9,878 — — 9,878 — Change in actuarial assumptions on estimated liabilities (3,864) 28,932 — 35,925 —	(Gain) loss on investment securities		36,461		337		(13,851)		22,377		(13,953)
Depreciation and amortization 188,857 179,491 100,992 625,085 397,344 Acquisition transaction costs 5,677 8,623 10,452 54,702 14,982 Asset impairment charges 18,928 173,258 — 194,030 — Restructuring charges 7,450 4,681 — 12,131 — Other (gain) loss on sale of assets (595) 1,347 2,421 1,541 5,139 Excluding Select Items (Non-GAAP) Research and development costs associated with an asset acquisition — — — — — — 3,840 Gains related to an insurance claim — — — — — — — (2,366) — Credit loss expense associated with long-term note receivable 9,878 — — — 9,878 — Change in actuarial assumptions on estimated liabilities (3,864) 28,932 — 35,925 —	Foreign currency exchange loss		(6,455)		9,216		1,041		9,682		5,550
Acquisition transaction costs 5,677 8,623 10,452 54,702 14,982 Asset impairment charges 18,928 173,258 — 194,030 — Restructuring charges 7,450 4,681 — 12,131 — Other (gain) loss on sale of assets (595) 1,347 2,421 1,541 5,139 Excluding Select Items (Non-GAAP) Research and development costs associated with an asset acquisition — — — — 3,840 Gains related to an insurance claim — — — — 3,840 Credit loss expense associated with long-term note receivable 9,878 — — 9,878 — Change in actuarial assumptions on estimated liabilities (3,864) 28,932 — 35,925 —	Other		5,985		(31,258)		(102)		(27,229)		(3,093)
Asset impairment charges 18,928 173,258 — 194,030 — Restructuring charges 7,450 4,681 — 12,131 — Other (gain) loss on sale of assets (595) 1,347 2,421 1,541 5,139 Excluding Select Items (Non-GAAP) Research and development costs associated with an asset acquisition — — — — — 3,840 Gains related to an insurance claim — — — — 3,840 Credit loss expense associated with long-term note receivable 9,878 — — 9,878 — Change in actuarial assumptions on estimated liabilities (3,864) 28,932 — 35,925 —	Depreciation and amortization		188,857		179,491		100,992		625,085		397,344
Restructuring charges 7,450 4,681 — 12,131 —	Acquisition transaction costs		5,677		8,623		10,452		54,702		14,982
Other (gain) loss on sale of assets (595) 1,347 2,421 1,541 5,139 Excluding Select Items (Non-GAAP) Research and development costs associated with an asset acquisition — — — — — — — — — 3,840 Gains related to an insurance claim — — — — — — — — (2,366) — — — — — — — — — — — — — — — — — —	Asset impairment charges		18,928		173,258		_		194,030		_
Excluding Select Items (Non-GAAP) Research and development costs associated with an asset acquisition — — — — — — — — 3,840 Gains related to an insurance claim — — — — — — — — — — — — — — — — — — —	Restructuring charges		7,450		4,681		_		12,131		_
Research and development costs associated with an asset acquisition — — — — — — 3,840 Gains related to an insurance claim — — — — — — — — — — — — — — — — — — —	Other (gain) loss on sale of assets		(595)		1,347		2,421		1,541		5,139
associated with an asset acquisition — — — 3,840 Gains related to an insurance claim — — — (2,366) — Credit loss expense associated with long-term note receivable 9,878 — — 9,878 — Change in actuarial assumptions on estimated liabilities (3,864) 28,932 — 35,925 —	Excluding Select Items (Non-GAAP)
Credit loss expense associated with long-term note receivable 9,878 — 9,878 — Change in actuarial assumptions on estimated liabilities (3,864) 28,932 — 35,925 —			_		_		_		_		3,840
term note receivable 9,878 — 9,878 — Change in actuarial assumptions on estimated liabilities (3,864) 28,932 — 35,925 —	Gains related to an insurance claim		_		_		_		(2,366)		_
estimated liabilities (3,864) 28,932 — 35,925 —			9,878		_		_		9,878		_
Adjusted EBITDA (Non-GAAP) \$ 224,869 \$ 268,063 \$ 221,452 \$ 934,244 \$ 878,754			(3,864)	_	28,932				35,925		_
	Adjusted EBITDA (Non-GAAP)	\$	224,869	\$	268,063	\$	221,452	\$	934,244	\$	878,754

Adjusted EBITDA and 'Select Items' are considered to be non-GAAP metrics. Adjusted EBITDA is defined as net income(loss) before taxes, depreciation and amortization, gains and losses on asset sales, other income and expense - which includes interest income and interest expense, and excludes the impact of 'select items' which management defines as certain items that do not reflect the ongoing performance of our core business operations. These metrics are included as supplemental disclosures as management uses them to assess and understand current operational performance, especially in analyzing historical trends which are used in forecasting future period results. For this reason, we believe this measure will be useful to information to investors. The presence of non-GAAP metrics is not intended to suggest that such measures should be considered as a substitute for certain GAAP metrics and, given that not all companies define Adjusted EBITDA the same way, this financial measure may not be comparable to similarly titled metrics disclosed by other companies.

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Reconciliation of Non-GAAP Measures

Adjusted EPS

-	Inree Months Ended September 30, 2025					5
(in thousands, except per share data)	Pretax			Tax		Net		EPS
Net income (GAAP basis)					\$	(57,363)	\$	(0.58)
(-) Changes in actuarial assumptions on estimated liabilities	\$	3\864	\$	877	\$	2,987	\$	0.03
(-) Acquisition transaction costs	\$	(5,677)	\$	(680)	\$	(4,997)	\$	(0.05)
(-) Restructuring charges	\$	(7,450)	\$	(595)	\$	(6,855)	\$	(0.07)
(-) Credit loss expense associated with long-term note receivable	\$	(9,878)	\$	(2,242)	\$	(7,636)	\$	(80.0)
(-) Impairment expense	\$	(11,450)	\$	_	\$	(11,450)	\$	(0.12)
(-) Loss on investment securities	\$	(36,461)	\$	(8,277)	\$	(28,184)	\$	(0.28)
Adjusted net income					\$	(1,228)	\$	(0.01)

Adjusted EPS and 'Select Items' are considered to be non-GAAP metrics. Adjusted EPS is defined as Earnings Per Share excluding the impact of 'select items'. The Company believes identifying and excluding select items is useful in assessing and understanding current operational performance, especially in making comparisons over time involving previous and subsequent periods and/or forecasting future period results. Select items are excluded as they are deemed to be outside of the Company's core business operations.

Net capex	Thre e Months Ende d September 30,
(in thousands)	2025
Capital expenditures	\$64 ,141
from Proceeds asset sales	\$10 ,853
Net capex	\$53 ,288

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Helmerich & Payne, Inc.

Thank You for Your Interest in H&P

For more information, please visit our website at www.hpinc.com

Contact: Kris Nicol Vice President of Investor Relations investor.relations@hpinc.com

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