Welcome to our dedicated page for Helmerich news (Ticker: HP), a resource for investors and traders seeking the latest updates and insights on Helmerich stock.
Helmerich & Payne, Inc. reports developments from a global drilling solutions business that designs, fabricates and operates high-performance rigs for conventional and unconventional oil and gas plays. Company news commonly covers North America Solutions, International Solutions and Offshore Solutions activity, including U.S. land drilling demand, contract extensions, offshore operations and maintenance work, and commercial activity in markets such as Argentina, Oman and the Caspian region.
Updates also address drilling automation and related technologies, including FlexRobotics™ Technology, directional drilling and survey management capabilities. Recurring corporate themes include segment operating results, capital allocation, debt reduction following the KCA Deutag acquisition, portfolio optimization, dividends and executive leadership changes.
Helmerich & Payne (NYSE: HP) reported Q2 FY2026 consolidated revenue of $932 million and a consolidated net loss of $59 million (loss per share $(0.59)), including a $26 million non‑cash impairment. Adjusted loss was $(38) million and adjusted EBITDA totaled $178 million. The company completed the sale of Utica Square with after‑tax proceeds above $100 million, retired a term loan reducing post‑acquisition debt by $400 million, returned about $25 million in dividends, and advanced FlexRobotics rollout. Management provided Q3 and FY'26 direct margin, rig count, and capex guidance ranges.
Helmerich & Payne (NYSE: HP) will host its fiscal second quarter 2026 earnings conference call on Thursday, May 7, 2026 at 11:00 a.m. ET. President and CEO Trey Adams and SVP/CFO Kevin Vann will lead the call and discuss the Q2 2026 results and other material developments.
The earnings release and presentation will be available at hpinc.com. Investors may join via phone or live audio webcast; the replay will be archived for 365 days on the company website. Investor questions may be directed to Kris Nicol, VP of Investor Relations, at investor.relations@hpinc.com.
Helmerich & Payne (NYSE: HP) completed the sale of Utica Square on April 2, 2026, to funds managed by Northwood Investors.
The divestiture generated after-tax proceeds exceeding the previously communicated $100 million target and was used largely to retire the company’s remaining term loan balance, supporting debt reduction and portfolio focus.
Helmerich & Payne (NYSE: HP) announced executive changes aligned with Trey Adams’ March 4, 2026 appointment as President and CEO. Kevin Vann will retire as SVP and CFO effective June 30, 2026, remaining as senior advisor through December 31, 2026. Todd Scruggs will become SVP and CFO effective July 1, 2026. The company cited continued de-leveraging, integration progress and operational improvements, and noted no other named executive officer changes.
Helmerich & Payne (NYSE: HP) announced that its joint venture Turan Drilling and Engineering Company LLC (TURAN) won a long-term offshore operations and maintenance contract renewal with bp in the Caspian Sea, effective March 2026.
The award includes a firm 5-year term plus three one-year extension options and covers services for eight offshore platforms. If all options are exercised, the contract value could exceed $1 billion, and TURAN will deliver personnel, maintenance execution, spare parts, warehousing and a new asset integrity and fabric maintenance engineering team.
Helmerich & Payne (NYSE: HP) published its fiscal 2025 Sustainability Report covering the year ended September 30, 2025. The report highlights a ~13% GHG emissions intensity reduction for North America rigs since 2022 and a >33% reduction versus the 2018 baseline.
It discloses consolidated emissions and safety data after the January 2025 KCAD acquisition and notes governance scores (ISS 1; Sustainalytics 19.8).
Helmerich & Payne (NYSE: HP) reported a fiscal Q1 net loss of $97 million (EPS $0.98 loss), which included a $103 million non-cash impairment. Adjusted loss was $14 million (adjusted EPS $0.15 loss). Consolidated adjusted EBITDA was $230 million. North America direct margin was $239 million (≈$18,193 per day). The company repaid $260 million on a $400 million term loan and returned about $25 million in dividends. Fiscal 2026 estimates include depreciation ≈$700 million, R&D ≈$25 million, and interest ≈$100 million. CEO John Lindsay plans to retire in March 2026.
Helmerich & Payne (NYSE: HP) will host a fiscal first quarter 2026 conference call and webcast on Thursday, February 5, 2026 at 11:00 a.m. ET (10:00 a.m. CT) to discuss its Q1 2026 results. CEO John Lindsay, President Trey Adams, and SVP & CFO Kevin Vann will lead the call.
The earnings release and presentation will be available at hpinc.com. Investors may join via phone (domestic 800-343-4136; international 203-518-9843) or via the live audio webcast. The call will be archived on the company website for 365 days under Investors > News & Events > Events & Presentations. For questions, contact Kris Nicol, VP of Investor Relations, at investor.relations@hpinc.com.
Helmerich & Payne (NYSE: HP) announced that CEO John Lindsay will retire as CEO and director following the Annual Meeting on March 4, 2026. The Board has appointed President Raymond John “Trey” Adams to succeed Lindsay as CEO effective after the Annual Meeting and has nominated Adams to stand for election to the Board at that meeting. Lindsay will remain as a senior advisor through December 2026 to support the transition.
The release highlights Lindsay’s 12-year tenure, five technology company acquisitions, and H&P’s fleet as of Nov. 17, 2025: 203 US land rigs, 137 international land rigs, 5 offshore platform rigs, and about 30 offshore labor contracts.
Helmerich & Payne (NYSE: HP) reported a consolidated net loss of $57 million (‑$0.58/share) for Q4 FY2025, including $56 million of non‑recurring charges; adjusted net loss was $1 million (‑$0.01/share). Consolidated adjusted EBITDA was $225 million. North America Solutions delivered operating income of $118 million with direct margins of $242 million (~$18,620/day; ~141 rigs). International Solutions loss narrowed to $75 million with direct margins of $30 million. Offshore Solutions posted operating income of $20 million and record direct margins of $35 million.
Management repaid $210 million of a $400 million term loan and expects full repayment by Q3 FY2026. Fiscal 2026 guidance includes $280–$320 million capex, NAS average contracted rigs of 132–148, International operating rigs of 58–68, and offshore direct margins of $100–$115 million.