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

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Helmerich & Payne (HP) expects a $400 million CapEx for 2023, with $30 million in R&D, $385 million in depreciation and amortization and $180-205 million in taxes.

Helmerich & Payne (HP) Beats on Q3 Earnings and Revenues

Helmerich & Payne, Inc. (NYSE:HP ) Q3 2023 Earnings Conference Call July 27, 2023 11:00 AM ET Company Participants Dave Wilson - Vice President-Investor Relations John Lindsay - President & Chief Executive Officer Mark Smith - Senior Vice President & Chief Financial Officer Conference Call Participants Derek Podhaizer – Barclays David Smith - Pickering Energy Keith Mackey - RBC Capital Markets Saurabh Pant - Bank of America Arun Jayaram - JPMorgan Kurt Hallead - Benchmark Doug Becker - Capital One Operator Good day, everyone, and welcome to today's Helmerich & Payne Fiscal Third Quarter Earnings Call. At this time, all participants are in a listen-only mode.

Helmerich & Payne, Inc. (HP) Q3 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Helmerich & Payne (HP) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Helmerich & Payne (HP) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Helmerich & Payne (HP) came out with quarterly earnings of $1.09 per share, beating the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.27 per share a year ago.

Helmerich & Payne (HP) Surpasses Q3 Earnings and Revenue Estimates

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The Taxable Account generated $2,111.31 of dividend income for June 2023 compared with $1,825.40 of dividend income for June 2022. The Taxable Account had a balance of $533.9K as of June 30, 2023, vs. $493.5K on June 30, 2022. The annualized cost basis yield is 5.44%. Five companies in the Taxable portfolio paid increased dividends or paid a special dividend during the month of June.

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TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE: HP) today announced that Elizabeth Killinger was appointed to the Company's Board of Directors. Killinger is currently Executive Vice President, NRG Home, a division of NRG Energy, Inc. (NYSE: NRG), which provides residential power and gas services to millions of customers through multiple brands and channels in the United States and Canada. She has over 30 years of domestic and international experience in the energy and services.

Helmerich & Payne, Inc. Announces the Appointment of New Director

TULSA, Okla.--(BUSINESS WIRE)--In conjunction with Helmerich & Payne, Inc.'s (NYSE: HP) third quarter 2023 earnings release, you are invited to listen to its conference call on Thursday, July 27, 2023, 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 Third Quarter 2.

Helmerich & Payne, Inc. Announces Fiscal Third Quarter 2023 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; Mike Lennox, Senior Vice President of U.S. Land Operations; and Dave Wilson, Vice President of Investor Relations are scheduled to participate in meetings with investors at the J.P. Morgan 2023 Energy, Power and Renewables Conference in New York City on both Wednesday and Thursday, June 21-2.

Helmerich & Payne, Inc. To Participate in J.P. Morgan 2023 Energy, Power and Renewables Conference

HP NYSE: HP is not a growth stock; it's not exciting to own, but it is a winner if you are an income investor. The business is down, and the outlook isn't all that rosy, but the business is solid, FCF is robust, and the dividend is as reliable as they come.

HP Is A Winner For Income Investors

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

Why Is Helmerich & Payne (HP) Down 1.6% Since Last Earnings Report?

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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; and Dave Wilson, Vice President of Investor Relations plan to participate in the following investor conferences during the month of May 2023. Participation by the management team will vary by event. The Citi 2023 Energy and Climate Technology Conference on Wednesday, May 10, 2023. The TPH Ho.

Helmerich & Payne, Inc. To Participate in Conferences in May 2023

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The Taxable Account generated $1,760.46 of dividend income for April 2023 compared with $1,609.40 of dividend income for April 2022. The Taxable Account had a balance of $523.4K as of April 30, 2023, vs. $522.7K on April 30, 2022. The annualized cost basis yield is 5.38%.

The Retirees' Dividend Portfolio: John And Jane's April 2023 Taxable Account Update

Helmerich & Payne (HP) expects to spend $400 million on depreciation and amortization, and $30 million on research and development for fiscal 2023.

Helmerich & Payne's (HP) Q2 Earnings & Sales Beat Estimates

Helmerich & Payne: Good Industry Positioning And Returning Value To Shareholders.

Helmerich & Payne: Good Industry Positioning And Returning Value To Shareholders

While the top- and bottom-line numbers for Helmerich & Payne (HP) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Helmerich & Payne (HP) Q2 Earnings

Helmerich & Payne (HP) came out with quarterly earnings of $1.26 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to loss of $0.17 per share a year ago.

Helmerich & Payne (HP) Tops Q2 Earnings and Revenue Estimates

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: Should You Buy?

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TULSA, Okla.--(BUSINESS WIRE)--In conjunction with Helmerich & Payne, Inc.'s (NYSE: HP) second quarter 2023 earnings release, you are invited to listen to its conference call on Thursday, April 27, 2023, 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.

Helmerich & Payne, Inc. Announces Fiscal Second Quarter 2023 Conference Call and Webcast

According to the average brokerage recommendation (ABR), one should invest in Helmerich & Payne (HP). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic.

Wall Street Analysts Think Helmerich & Payne (HP) Is a Good Investment: Is It?

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; Trey Adams, Senior Vice President of Digital Operations, Sales, and Marketing; and Dave Wilson, Vice President of Investor Relations plan to participate in the following investor conferences during the month of March 2023. Participation by the management team will vary by event.

Helmerich & Payne, Inc. To Participate in Conferences in March 2023

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The Taxable Account generated $1,850.78 of dividend income for February 2023 compared with $1,493.49 of dividend income for February 2022. The Taxable Account had a balance of $533.4K as of February 28, 2023, vs. $530.1K on February 28, 2022. The annualized cost basis yield is 5.23%.

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News for Helmerich & Payne Stock (HP)