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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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.

TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE: HP) reported net income of $89 million, or $0.88 per diluted share, from operating revenues of $698 million for the quarter ended June 30, 2024, compared to net income of $85 million, or $0.84 per diluted share, from operating revenues of $688 million for the quarter ended March 31, 2024. The net income per diluted share for the third and second quarters of fiscal year 2024 include net $(0.04) and net $0.00 of after-tax gains and.

Helmerich & Payne, Inc. Announces Fiscal Third Quarter Results

Helmerich & Payne (HP) is anticipated to report a decline in fiscal third-quarter revenues from the year-ago period's level. On the bright side, the company is also expected to see a reduction in operating costs and expenses.

What's in Store for Helmerich & Payne (HP) in Q3 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.

Analysts Estimate Helmerich & Payne (HP) to Report a Decline in Earnings: What to Look Out for

TULSA, Okla.--(BUSINESS WIRE)--In conjunction with Helmerich & Payne, Inc.'s (NYSE: HP) fiscal third quarter 2024 earnings release, you are invited to listen to its conference call on Thursday, July 25, 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 Third Qu.

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

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 are scheduled to participate in meetings with investors at the J.P. Morgan 2024 Energy, Power and Renewables Conference in New York City on both Monday and Tuesday, June 17-18, 2024. Mr. Lindsay will participate in a discussion on behalf.

Helmerich & Payne, Inc. To Participate in J.P. Morgan 2024 Energy, Power and Renewables Conference

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

Why Is Helmerich & Payne (HP) Down 8.3% Since Last Earnings Report?

Helmerich & Payne (HP) expects a $500 million capital outlay in 2024, with depreciation and amortization expenses of $405 million, and research and development expenses of $37 million.

Helmerich & Payne (HP) Q2 Earnings and Revenues Top Estimates

Helmerich & Payne, Inc. (HP) Q2 2024 Earnings Call Transcript

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TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE: HP) reported net income of $85 million, or $0.84 per diluted share, from operating revenues of $688 million for the quarter ended March 31, 2024, compared to net income of $95 million, or $0.94 per diluted share, from operating revenues of $677 million for the quarter ended December 31, 2023. The net income per diluted share for the second and first quarters of fiscal year 2024 include net $0.00 and net $(0.03) of after-tax gains.

Helmerich & Payne, Inc. Announces Fiscal Second Quarter Results

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TULSA, Okla.--(BUSINESS WIRE)--In conjunction with Helmerich & Payne, Inc.'s (NYSE: HP) second quarter 2024 earnings release, you are invited to listen to its conference call on Thursday, April 25, 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 Second Quarter.

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

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Helmerich & Payne (HP) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Why Helmerich & Payne (HP) Might be Well Poised for a Surge

Helmerich & Payne (HP) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Helmerich & Payne (HP) Rating Upgrade to Buy

TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE: HP) today announced that 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 2024. Participation by the management team will vary by event. The Piper Sandler 24th Annual Energy Conference on Tuesday and We.

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

HP Inc (NYSE:HPQ) shares opened 3% lower in opening Thursday exchanges on a mixed reaction to the personal computer maker's first-quarter financials. Net quarterly revenues saw a 4.4% year-on-year decline to $13.2 billion, reflecting lower demand in the global PC market.

PC maker HP shares booted lower on mixed quarterly earnings

TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE: HP) today announced that Mark W. Smith, Senior Vice President and Chief Financial Officer, has informed the Company of his intention to retire in August of 2024. The Company has commenced a search process to identify CFO candidates. Mr. Smith will continue to serve in his current role until a successor is identified and has an opportunity to effectively transition into that position. Accordingly, Mr. Smith will remain as a senior.

Helmerich & Payne, Inc. Announces Retirement of Mark W. Smith, CFO

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 as well as other members of management plan to participate in the 2024 THRIVE Energy Conference by Daniel Energy Partners on Wednesday and Thursday, February 21-22, 2024. Mr. Lindsay will participate in a panel discussion on behalf of the.

Helmerich & Payne, Inc. To Participate in the 2024 THRIVE Energy Conference in February 2024

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TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (the “Company” or “H&P”) (NYSE: HP) today announced that the Company and Saudi Aramco have finalized the contractual terms related to a recent 7-rig tender award. The seven super-spec rigs were awarded 5-year contracts, with 1-year options, and are expected to commence operations shortly after delivery, which for a majority of these rigs is scheduled during the fourth calendar quarter of 2024. Similar to the one-rig award with Saudi.

Helmerich & Payne, Inc. Announces Finalization of Contractual Terms with Saudi Aramco for Recent 7-rig Unconventional Gas Award

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Helmerich & Payne, Inc. (HP) Q1 2024 Earnings Call Transcript

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