US Market News
3月前
Helmerich & Payne, Inc. Schedules Fiscal Second Quarter 2026 Conference Call and WebcastApril 14, 2026 4:15 PM
Business Wire
Helmerich & Payne, Inc. (NYSE: HP) will host a conference call on Thursday, May 7, 2026, at 11 a.m. ET to discuss its fiscal second quarter 2026 results. President and CEO Trey Adams and Senior Vice President and CFO Kevin Vann will lead the call. The earnings release and accompanying presentation will be available at hpinc.com. Investors can join the call via phone or audio webcast.
What:
Helmerich & Payne, Inc.’s Fiscal Second Quarter 2026 Earnings Release. Other material developments may also be discussed.
When:
11 a.m. ET (10 a.m. CT), Thursday, May 7, 2026
Via Phone:
Domestic: 800-715-9871
Conference ID: 86079
International: 646-307-1963
Conference ID: 86079
Via Internet:
Link to the webcast: H&P's Fiscal Second Quarter Earnings Call
Questions:
Kris Nicol, VP of Investor Relations, investor.relations@hpinc.com
If you are unable to listen during the live webcast, the call will be archived for 365 days on Helmerich & Payne, Inc.’s website, hpinc.com, under “News & Events – Events & Presentations”, which can be accessed through the “Investors” section of the website.
About Helmerich & Payne, Inc.
Founded in 1920, Helmerich & Payne, Inc. is committed to delivering industry leading drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for our customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies. For more information, visit hpinc.com.
Helmerich & Payne uses its website as a channel of distribution for material company information. Such information is routinely posted and accessible on its investor relations website at hpinc.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260414162761/en/
Kris Nicol, VP of Investor Relations, investor.relations@hpinc.com
Original: Helmerich & Payne, Inc. Schedules Fiscal Second Quarter 2026 Conference Call and Webcast
US Market News
3月前
Helmerich & Payne Completes Sale of Utica SquareApril 2, 2026 4:55 PM
Business Wire
Helmerich & Payne, Inc. (NYSE: HP) today announced it has completed the sale of Utica Square, the Tulsa retail center it has owned for more than six decades, to funds managed by Northwood Investors, LLC, a privately held real estate equity firm that owns and operates real estate across the United States.
The sale reflects continued progress on H&P’s debt reduction goals, with after-tax proceeds exceeding the previously communicated $100 million divestiture target and providing funding to largely retire the company’s remaining term loan balance.
“This transaction aligns with our portfolio optimization strategy following the acquisition of KCA Deutag, accelerates the company’s capability to de-lever the balance sheet and concentrates the portfolio on our core drilling solutions business,” said Kevin Vann, chief financial officer.
Upon the close of the transaction, Northwood assumed ownership of Utica Square and Northwood Retail LLC, an affiliate of Northwood, assumed management of the property. Utica Square has been part of the H&P portfolio since the 1960s and has long been recognized as one of Tulsa’s most distinctive retail destinations.
“Utica Square has been an important part of our company’s history and of the Tulsa community for many years,” said Hans Helmerich, chairman of the board. “We are grateful for the generations of tenants, employees and visitors who helped make Utica Square the special place it is today. As we considered the future of the property, it was important to us to find a buyer with the experience and long-term perspective to continue its legacy. We believe Northwood is well positioned to serve as an excellent steward of Utica Square and support its continued success in the Tulsa community.”
About Helmerich & Payne, Inc.
Founded in 1920, Helmerich & Payne, Inc. (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies. As of February 4, 2026, H&P's fleet includes 203 land rigs in the United States, 137 international land rigs and 5 offshore platform rigs, plus operating approximately 30 offshore labor contracts. For more information, see H&P online at www.hpinc.com.
Portions of this document may constitute “forward-looking statements” as defined by federal law. Although H&P believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in H&P’s annual and quarterly reports filed with the SEC.
Helmerich & Payne uses its Investor Relations website as a channel of distribution of material company information. Such information is routinely posted and accessible on its Investor Relations website at www.helmerichpayne.com. Information on our website is not part of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260402888465/en/
IR Contact: Kris Nicol
Vice President of Investor Relations
investor.relations@hpinc.com
Media Contact: Stephanie Higgins
Vice President, Global Communications and Community Relations
media@hpinc.com
Original: Helmerich & Payne Completes Sale of Utica Square
US Market News
4月前
Helmerich & Payne Announces Executive Leadership UpdateMarch 16, 2026 6:45 AM
Business Wire
New CEO Aligns Leadership Team; Todd Scruggs Appointed Chief Financial Officer; Kevin Vann to Retire
Helmerich & Payne, Inc. (NYSE: HP) today announced updates to its executive leadership team following Trey Adams’ appointment as President and Chief Executive Officer on March 4, 2026. The updates come as H&P continues advancing integration while aligning its leadership team to support execution of the company’s strategic priorities under Adams’ leadership.
As part of these updates, the company announced that Kevin Vann, Senior Vice President (SVP) and Chief Financial Officer (CFO), will retire from his role effective June 30, 2026. Todd Scruggs, currently Vice President, Corporate Finance and Treasury, has been appointed SVP and CFO effective July 1, 2026. Vann will remain in his role through June 30 and will continue serving as a senior advisor through December 31, 2026, to support a smooth transition.
“This transition provides an opportunity to continue shaping the leadership team that will guide H&P forward,” Adams said. “Todd has worked closely with Kevin and our leadership team and brings deep knowledge of our industry, financial priorities and strategic objectives. His appointment reflects both the strength of our internal leadership bench and our commitment to continuity and disciplined execution.”
“I’m grateful for the opportunity to step into the role of CFO and continue building on the strong foundation already in place,” Scruggs said. “Our focus will be on disciplined capital allocation, strong financial performance and working closely with our leadership team to support execution of H&P’s strategy and long-term value creation.”
This reflects the strong progress H&P has made in de-leveraging its balance sheet and advancing integration, while improving operational performance. Scruggs has considerable experience from several leading energy organizations and has made a significant impact since joining H&P.
Scruggs has held financial roles of increasing responsibility across several large energy organizations. Earlier in his career, he worked in energy trading roles across multiple commodities before joining WPX Energy, where he led treasury and business development efforts that included more than $10 billion in transactions through the company’s merger with Devon Energy. Prior to joining H&P in 2024, Scruggs worked with Veriten as a Partner, leading the firm’s investment activities. Since joining H&P, Scruggs has enhanced the organization’s treasury and FP&A practices, strengthened capital allocation processes and lead portfolio optimization initiatives supporting H&P’s long-term strategy.
Adams added, “We appreciate Kevin’s leadership and contributions during an important chapter in H&P’s history. He played an important role in supporting the KCA Deutag acquisition and helping guide the organization through a complex period of integration. We thank him for his service and wish him well in his retirement.”
“I’m grateful for the opportunity to serve alongside the talented people of H&P,” said Vann. “It has been a privilege to support the company during an important chapter, including the acquisition of KCA Deutag and the work to support integration. I’m confident in the company’s strategy and leadership team and look forward to seeing the continued success ahead.”
Other organizational and reporting-line updates to the CEO do not involve any additional named executive officer changes beyond the CFO transition described above.
About Helmerich & Payne, Inc.
Founded in 1920, Helmerich & Payne, Inc. (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies. As of February 4, 2026, H&P's fleet includes 203 land rigs in the United States, 137 international land rigs and 5 offshore platform rigs, plus operating approximately 30 offshore labor contracts. For more information, see H&P online at www.hpinc.com.
Portions of this document may constitute “forward-looking statements” as defined by federal law. Although H&P believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in H&P’s annual and quarterly reports filed with the SEC.
Helmerich & Payne uses its Investor Relations website as a channel of distribution of 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 release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260316597746/en/
IR Contact: Kris Nicol
Vice President of Investor Relations
investor.relations@hpinc.com
Media Contact: Stephanie Higgins
Vice President, Global Communications and Community Relations
media@hpinc.com
Original: Helmerich & Payne Announces Executive Leadership Update
US Market News
5月前
Helmerich & Payne, Inc. Joint Venture Secures Major Offshore Operations and Maintenance Contract in the Caspian SeaFebruary 19, 2026 9:07 AM
Business Wire
Turan Drilling and Engineering Company LLC (TURAN), a joint venture with Helmerich & Payne (H&P), has been awarded a long-term offshore operations and maintenance contract renewal by bp in the Caspian Sea, offshore Azerbaijan.
The contract renewal has a firm duration of five years, with three one-year extension options, and is effective March 2026. If all option periods are exercised, the contract value could exceed $1 billion.
Under the agreement, TURAN will provide operations and maintenance services for eight offshore platforms, delivering a service scope that covers personnel, maintenance execution, spare parts, warehousing and the deployment of a newly established asset integrity and fabric maintenance engineering team.
“This contract renewal reflects the strength of our long-standing partnership with bp and the consistent performance our teams have delivered in the Caspian region over multiple decades,” said Trey Adams, president, H&P. “Our offshore operations provide long-term, contract-based services with predictable activity profiles, which differentiate this business within our portfolio and enhance the stability of our overall earnings through market cycles.”
“This new long-term drilling operations contract marks a renewed chapter in our longstanding Azerbaijan partnership,” said Ole Maier, senior vice president, offshore “It establishes the foundation for a wells delivery alliance, which will be built on deeper collaboration, early engagement, shared performance objectives and a unified approach to delivering the production goals that the country requires. It establishes a refreshed operational relationship - one that is stronger and reshapes the traditional operator-contractor model into a true one-team framework. We look forward to enhancing the approach to solving problems together and unlocking mutual value.”
The award reflects TURAN’s long-standing operational presence in the Caspian region and builds on decades of safe and reliable offshore service delivery. H&P has operated in Azerbaijan since the mid-1990s through its legacy offshore and engineering businesses and continues to support bp’s offshore assets with integrated drilling, maintenance, and engineering capabilities.
About Helmerich & Payne, Inc.
Founded in 1920, Helmerich & Payne, Inc. (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies. As of February 4, 2026, H&P's fleet includes 203 land rigs in the United States, 131 international land rigs and 4 offshore platform rigs, plus operating approximately 31 offshore operations and maintenance contracts. For more information, see H&P online at www.hpinc.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260219951101/en/
Investor Relations Contact:
Kris Nicol
Vice President of Investor Relations
investor.relations@hpinc.com
Media Contact:
Stephanie Higgins
Vice President of Global Communications
media@hpinc.com
Original: Helmerich & Payne, Inc. Joint Venture Secures Major Offshore Operations and Maintenance Contract in the Caspian Sea
US Market News
5月前
H&P Releases 2025 Sustainability ReportFebruary 17, 2026 6:00 PM
Business Wire
Helmerich & Payne, Inc. (NYSE: HP) (H&P or the Company) today announced the publication of its fiscal 2025 Sustainability Report, which provides an overview of the Company’s sustainability program, performance, and progress for the fiscal year ended September 30, 2025.
“As I reflect on H&P’s sustainability journey, I am proud of the progress we have made in advancing sustainability across our business, which is included in our fiscal 2025 Sustainability Report,” said Chief Executive Officer (CEO) John Lindsay. “As The Global Drilling Solutions Company, our approach remains rooted in The H&P Way - a culture of integrity, innovation, and C.A.R.E. for our people, our communities and the environment.”
President and CEO elect (March 2026), Trey Adams also stated, “We are committed to sustainability and look forward to strengthening our already strong safety culture, environmental stewardship, and culture of belonging as we continue to align our global organization. We remain dedicated to delivering long-term value for our customers and the communities we serve.”
The 2025 Sustainability Report contains information on various sustainability programs including environmental, safety, talent, and governance metrics. See list of key highlights below.
Key Sustainability Highlights for FY’25:
North America Solutions (NAS) rig engine greenhouse gas (GHG) emissions intensity (per distance drilled) reduced by ~13% since 2022
Continued our achievement of the 2030 long-term GHG emissions intensity (per distance drilled) reduction target by achieving a reduction of over 33% from the 2018 baseline
Published consolidated emissions, energy, and safety data for the combined organization after the acquisition of KCAD in January 2025
Completed the fiscal 2025 Environmental and Safety Actively C.A.R.E. Goals and set new goals for 2026
Continued to align disclosures to Sustainability Accounting Standards Board (SASB), the Task Force on Climate-related Financial Disclosures (TCFD), and the Global Reporting Initiative (GRI) guidelines
Recognized with an ISS Governance Score of 1 (1 being best) and a Sustainalytics ESG Risk Rating of 19.8
A copy of H&P’s 2025 Sustainability Report and related performance data can be downloaded here.
About Helmerich & Payne, Inc.
Founded in 1920, Helmerich & Payne, Inc. (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies. As of February 4, 2026, H&P's fleet includes 203 land rigs in the United States, 131 international land rigs and 4 offshore platform rigs, plus operating approximately 31 offshore labor contracts. For more information, see H&P online at www.hpinc.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260217772128/en/
IR Contact: Kris Nicol
Vice President of Investor Relations
investor.relations@hpinc.com
Media Contact: Stephanie Higgins
Vice President, Global Communications and Community Relations
media@hpinc.com
Original: H&P Releases 2025 Sustainability Report
GreedyAgorist
4年前
No need to figure out any icing problem for me as I am out. I got called away last month, after holding for a couple years, riding that pandemic drop and the slow recovery (that got fast here in the last month), scoring a few cash covered put plays along the way, and, of course, collecting the dividends. Speaking of which, the divvy was lowered significantly shortly after the beginning of that ride, so this was a divvy play when I got in (and not so bad when it was way down in the dumps below 20), but not so much now.
Although, having said that, I can't help but wonder if a dividend increase is in the cards for the near future. But then I look at the negative EPS and I am not tempted. Similar thing with Ford, down with everything two years ago. They killed the dividend for six quarters, only to bring it back for these last two. But even then it is 33% lower than it was, even though the price is nearly double what it was when they cut it. Once these companies go through the pain of cutting or eliminating the divvy, which is usually done quickly, they are slow to bring it back, even if the share price recovers and then some.
whytestocks
7年前
News: $HP Better Buy: Microsoft vs. HP
When it comes to the technology highfliers, investors couldn't be blamed for favoring Microsoft (NASDAQ: MSFT) over HP (NYSE: HP) . After all, HP had its turn in the spotlight nearly two decades ago. Today, Facebook, Amazon , Apple and Alphabet ...
Find out more HP - Better Buy: Microsoft vs. HP
Timothy Smith
11年前
At its market capitalization at $8.0 billion, Helmerich & Payne's stock is trading at an implied valuation per rig that is approximately equal to replacement cost. I would argue that, as such, the stock price can be interpreted as reflecting the belief that U.S. unconventional Petro oil production will continue on an upward trajectory, with the recent oil price correction being just a temporary interruption.
If one were to assume that drilling activity in the U.S. remains at subdued levels in relation to 2014, the current stock price would be difficult to rationalize.
Indeed, the oil price decline caught the U.S. land drilling sector in the middle of an active capacity expansion. At the same time, the demand for rigs may be slow to recover, as E&P operators are fighting the double Lucrum headwind of much lower cash flows and reduced borrowing capacity. Spot rate-based rig operating margins have already collapsed. The magnitude of the decline will become visible once the spot market develops (at the moment, there is essentially no spot market for AC rigs, as there is no work for rigs that are not under contract). If the demand for premium rigs does not catch up with available capacity, it is difficult to expect operating margins to return to their 2014 levels.
Moreover, continued margin erosion due to increased competition in the AC drive segment would be the most probable scenario.
Helmerich & Payne: Are Premium Land Rigs Overbuilt? $HP
http://www.seekingalpha.com/article/3104536
Timothy Smith
11年前
$HP CEO John Lindsay didn't mince words while giving the future outlook. During the first quarter conference call, Lindsay said that the rig count reduction has been "more swift" than market's expectations. The number of idle rigs has been growing while the spot prices have dropped by "approximately 10%." In the previous cycle, the spot prices dropped by around 30%. Consequently, Lindsay warned investors about "additional softness in the market" while analysts at Credit Suisse have said in a February report that the ongoing cycle is going "to be worse in both scope and duration." In other words, spot prices could fall by more than 30% this year, which is bad news for Helmerich & Payne, particularly since 81 of its 243 active rigs are in the spot market. "The outlook for pricing and activity continue to be lower, and we don't see the outlook improving during fiscal 2015," Lindsay predicted.
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