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.

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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.

The oil and gas contract driller unveiled its first set of quarterly results for the new fiscal year. Although revenue and profitability dropped, both handily beat analyst estimates.

Why Helmerich & Payne Stock Zoomed 12% Higher Today

Helmerich & Payne (HP) expects capital outlay in the range of $450-$500 million, with depreciation and amortization expenses of $390 million for 2024.

Helmerich & Payne (HP) Q1 Earnings and Revenues Top Estimates

Although the revenue and EPS for Helmerich & Payne (HP) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Helmerich & Payne (HP) Q1 Earnings

TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE: HP) reported net income of $95 million, or $0.94 per diluted share, from operating revenues of $677 million for the quarter ended December 31, 2023, compared to net income of $78 million, or $0.77 per diluted share, from operating revenues of $660 million for the quarter ended September 30, 2023. The net income per diluted share for the first quarter of fiscal 2024 and fourth quarter of fiscal 2023 include $(0.03) and $0.08 of af.

Helmerich & Payne, Inc. Announces Fiscal First Quarter Results

Helmerich & Payne, Inc. is trading just below the support line at $33.83, making it a potential entry point for investors. Analysts have a median price target of $45.00 for Helmerich & Payne, but EPS projections for Q4 2023 and Q1 2024 have been coming down. Despite a challenging year for the upstream sector, Helmerich & Payne is expected to see improvements in the next half year, making it a potential buy near current levels.

Helmerich & Payne: A Case For A Second Half Rally

TULSA, Okla.--(BUSINESS WIRE)--In conjunction with Helmerich & Payne, Inc.'s (NYSE: HP) first quarter 2024 earnings release, you are invited to listen to its conference call on Tuesday, January 30, 2024, at 11:00 a.m. (ET) 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 First Quarter.

Helmerich & Payne, Inc. Announces Fiscal First Quarter 2024 Conference Call and Webcast

TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE: HP) today announced that Mark Smith, Senior Vice President and Chief Financial Officer; Mike Lennox, Senior Vice President of U.S. Land Operations; and Dave Wilson, Vice President of Investor Relations plan to participate in the following investor conferences during the month of January 2024. Participation by the management team will vary by event. Goldman Sachs Energy, CleanTech & Utilities Conference 2024 on Thursday and Fr.

Helmerich & Payne, Inc. To Participate in Conferences in January 2024

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TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE:HP) (H&P or the Company) today announced that it has released its 2023 Sustainability Report outlining the Company's sustainability efforts and performance for its fiscal year ended September 30, 2023. President and CEO John Lindsay commented, “I am pleased to share H&P's third annual Sustainability Report with our stakeholders. As we move forward, we further refine and improve our report, providing transparency to stakeho.

Helmerich & Payne, Inc. Announces Release of its 2023 Sustainability Report

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Helmerich & Payne (HP) expects capital outlay in the range of $450-$500 million for 2023.

Helmerich & Payne (HP) Q4 Earnings Miss Estimates, Sales In Line

Helmerich & Payne is facing challenges in the oil market due to decreased drilling activity. Despite the tough environment, HP stock has protected its bottom line by focusing on margin protection and maintaining prices. The company's expansion into international markets presents a long-term growth opportunity and could mitigate the effects of domestic market fluctuations.

Helmerich & Payne: 2 Bright Spots Amidst Market Tumult

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Helmerich & Payne, Inc. (NYSE:HP ) Q4 2023 Earnings Conference Call November 9, 2023 11:00 AM ET Company Participants Dave Wilson - VP-IR John Lindsay - President and CEO Mark Smith - SVP and CFO Conference Call Participants David Smith - Pickering Energy Partners Kurt Hallead - Benchmark Waqar Syed - ATB Capital Markets Keith Mackey - RBC Capital Markets Marc Bianchi - TD Cohen Tom Curran - Seaport Research Ati Modak - Goldman Sachs Operator Good day everyone and welcome to the Helmerich & Payne Fiscal Fourth Quarter Earnings Call. [Operator Instructions] It is now my pleasure to turn today's conference over to the Vice President of Investor Relations, Dave Wilson.

Helmerich & Payne, Inc. (HP) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for Helmerich & Payne (HP) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About Helmerich & Payne (HP) Q4 Earnings

Helmerich & Payne (HP) doesn't possess 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) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Helmerich & Payne (HP) discloses its fiscal 2024 strategy, featuring quarterly dividends, shareholder returns, repurchases and strategic investments for future growth.

Helmerich & Payne (HP) Reveals Fiscal 2024 Financial Strategy

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TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (“H&P” or the “Company”) (NYSE: HP) today announced its planned capital expenditures and supplemental shareholder return plan for fiscal year 2024. The Company also announced the timing of the upcoming conference call and webcast for its fiscal fourth quarter of 2023. President and CEO John Lindsay commented, “I am pleased with the execution of our 2023 supplemental shareholder return plan, utilizing it to not only maintain a compet.

Helmerich & Payne, Inc. Announces Supplemental Shareholder Return Plan and Planned Capital Expenditures for Fiscal 2024 and Conference Call and Webcast for Fiscal Fourth Quarter 2023

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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; Mike Lennox, Senior Vice President of U.S. Land Operations; and Dave Wilson, Vice President of Investor Relations plan to participate in the following investor conferences during the month of September 2023. Participation by the management team will vary by event. Barclays CEO Energy-Power C.

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