Helmerich & Payne

Helmerich & Payne, Inc. engages in contract drilling of oil and gas well. It operates through the following segments: North America Solutions, Offshore Gulf of Mexico, International Solutions, and Other. The North America Solutions segment operates its drilling business primarily North America and have a presence in most of the U.S. shale and unconventional basins. The Offshore Gulf of Mexico segment conducts its business in the Gulf of Mexico. The International Solutions segment operates in six international locations including Argentina, Colombia, Bahrain, and United Arab Emirates. The company was founded by Walter Helmerich Hugo II and William Payne in 1920 and is headquartered in Tulsa, OK.

Earnings data Q2 2021

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Earnings data Q1 2025

Helmerich & Payne (HP) posts strong Q1 earnings, eyes international growth

Helmerich & Payne (HP) delivers strong financial performance in Q1 2023, driven by robust revenue and margin growth. The company's focus on technology, international expansion, and performance contracts positions it well for future growth. Challenges in managing capital expenditures and steel price fluctuations require strategic attention.

Helmerich & Payne reports strong Q2 performance amidst market challenges

Helmerich & Payne's Q2 performance reflects strong margins and returns, despite challenges in the energy markets.
The company's strategic focus on delivering value, managing costs, and optimizing customer relationships positions it well for future growth.
With a commitment to innovation and customer-centric solutions, Helmerich & Payne aims to navigate market fluctuations and drive sustainable returns.

Helmerich & Payne (HP) reports strong Q3 earnings and eyes international expansion for growth

Helmerich & Payne (HP) reported a strong quarter with a focus on service quality and capital returns to shareholders. Despite challenges like declining rig activity and margin compression, the company remains optimistic about increased activity in Q4. International expansion and performance-based contracts present growth opportunities for the future.

Helmerich & Payne reports resilient Q4 performance amidst industry challenges

Helmerich & Payne (HP) navigated challenges in fiscal 2023 with a focus on contract economics and delivering value to customers and shareholders.
Despite industry headwinds, H&P maintained strong financial performance, with positive outlooks on international growth opportunities and energy transition strategies.
The company's disciplined approach to capital allocation, strong liquidity position, and market dynamics provide a foundation for future growth and value creation.
H&P's performance in Q4 2023 showcased resilience in direct margins, operational efficiency, and strategic positioning for long-term success in the drilling industry.

Helmerich & Payne (HP) posts robust Q1 results, eyes international growth

Helmerich & Payne (HP) delivered a strong Q1 performance, focusing on growth, financial stability, and operational efficiency.
The company's emphasis on high-spec rigs, performance contracts, and international expansion positions it for long-term success.
Challenges in managing international deployments and market uncertainties are balanced by opportunities in expanding operations and optimizing contracts.
Leadership's optimism about energy fundamentals and commitment to delivering returns above the cost of capital underscore a positive outlook for the future.

Helmerich & Payne reports resilient Q2 results amidst market challenges

Helmerich & Payne's Q2 performance showcased resilience in the face of market challenges, with a strategic focus on sustainability and international expansion. While facing U.S. market churn and supply chain constraints, the company remains optimistic about stable rig counts and potential growth opportunities. Management's emphasis on technology adoption and cost efficiency positions the company for future success.

Helmerich & Payne (HP) posts robust Q4 earnings, eyes cost management

Helmerich & Payne (HP) reported strong financials for Q4 2024, with a focus on customer outcomes and market share growth. The company anticipates stable rig activity and margins in the upcoming quarter, despite challenges related to rig suspensions in Saudi Arabia. Operational guidance for fiscal 2025 emphasizes cost management, debt reduction, and shareholder value.

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Helmerich & Payne, Inc. engages in the provision of drilling solutions and technologies. It operates through the following segments: North America Solutions, Offshore Gulf of Mexico, International Solutions, and Other. The North America Solutions segment focuses on the operation of the AC drive drilling rig fleet. The Offshore Gulf of Mexico segment offers management contract services to customer platforms where the customer owns the drilling rig. The International Solutions segment includes Argentina, Colombia, Bahrain, and United Arab Emirates. The Other segment includes an incubator program for research and development projects. The company was founded by Walter Hugo Helmerich II and William Payne in 1920 and is headquartered in Tulsa, OK.

Despite Helmerich & Payne only offering a relatively low dividend yield barely above 3%, it remains under pressure due to their cash burn. Whilst oil prices have rallied higher, this has not fixed their problem because oil and gas drilling has not recovered along with oil prices.

Helmerich & Payne: High Oil Prices Haven't Fixed Their Problem, But Hope On The Horizon

TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE:HP) (“H&P” or the “Company”) announced today that it has successfully completed its previously announced private offering (the “Offering”) of $550 million aggregate principal amount of 2.900% senior notes due 2031 (the “Notes”). President and CEO John Lindsay commented, “This offering exemplifies our ability to plan for the long term and to strategically eliminate certain potential risks we may encounter in the future. We are

Helmerich & Payne, Inc. Announces Completion of Senior Notes Offering

TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE:HP) (“H&P” or the “Company”) announced today that it has priced its previously announced private offering (the “Offering”) of $550 million aggregate principal amount of 2.900% senior notes due 2031 (the “Notes”) to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons in tra

Helmerich & Payne, Inc. Announces Upsize and Pricing of $550 Million Offering of 2.900% Senior Notes due 2031

TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE:HP) (“H&P” or the “Company”) announced today that it has commenced a private offering (the “Offering”) of $500 million aggregate principal amount of senior notes due 2031 (the “Notes”) to persons reasonably believed to be qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to certain non-U.S. persons in transactions outside the Unite

Helmerich & Payne, Inc. Announces Private Offering of $500 Million of Senior Notes and Conditional Redemption of 4.65% Senior Notes due 2025

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TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE: HP) today announced that John Lindsay, President and Chief Executive Officer; Mark Smith, Senior Vice President and Chief Financial Officer; Dave Wilson, Vice President of Investor Relations; and other members of H&P management are scheduled to participate in the following investor conferences during September 2021. Participation by the management team may vary by event. The 2021 Barclays CEO Energy-Power Conference on both T

Helmerich & Payne, Inc. To Participate in Virtual Conferences in September 2021

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Helmerich & Payne (HP) reported earnings 30 days ago. What's next for the stock?

Why Is Helmerich & Payne (HP) Down 13.2% Since Last Earnings Report?

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Helmerich & Payne (HP) Down 11.8% Since Q3 Earnings Release

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Helmerich & Payne, Inc. (HP) CEO John Lindsay on Q3 2021 Results - Earnings Call Transcript

Helmerich & Payne (HP) delivered earnings and revenue surprises of 0.00% and 2.93%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Helmerich & Payne (HP) Reports Q3 Loss, Tops Revenue Estimates

Shares of Helmerich & Payne (NYSE:HP) were flat in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share fell 67.65% year over year to ($0.57), which were in line with the estimate of ($0.57).

Recap: Helmerich & Payne Q3 Earnings

Helmerich & Payne (HP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Helmerich & Payne (HP) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

One year has already passed since Helmerich & Payne reduced their dividends by a massive almost two-thirds. Their rather hasty decision to reduce their dividends as soon as this downturn began shows a reluctance to lean upon their financial position.

Helmerich & Payne: One Year Later Their Dividend Remains Under Pressure

TULSA, Okla.--(BUSINESS WIRE)--In conjunction with Helmerich & Payne, Inc.'s (NYSE: HP) fiscal third quarter 2021 earnings release, you are invited to listen to its conference call on Thursday, July 29, 2021, at 11:00 a.m. (EDT) with John Lindsay, President and CEO, Mark Smith, Senior Vice President and CFO, and Dave Wilson, Vice President of Investor Relations. Investors may listen to the conference call either by phone or audio webcast.   What:   Helmerich & Payne, Inc.'s Fiscal Third

Helmerich & Payne, Inc. Announces Fiscal Third Quarter 2021 Conference Call and Webcast

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TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE: HP) today announced that John Lindsay, President and Chief Executive Officer; Mark Smith, Senior Vice President and Chief Financial Officer; Dave Wilson, Vice President of Investor Relations; and other members of H&P management plan to participate in the following investor conferences during June 2021. Participation by the management team will vary by event. 2021 Virtual Wells Fargo Energy Conference on Thursday, June 3, 2021

Helmerich & Payne, Inc. To Participate in Virtual Conferences in June 2021

In the fiscal second quarter, Helmerich & Payne (HP) spends $16.8 million on capital programs.

Helmerich & Payne (HP) Stock Up 10.2% on Improved Q2 Loss

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