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Helmerich & Payne, Inc. To Participate in Conferences in March 2025

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Helmerich & Payne (NYSE: HP) has announced its management team's participation in two major investor conferences in March 2025. The company will attend the Piper Sandler 25th Annual Energy Conference (March 18-19, 2025), where President and CEO John Lindsay will join a panel discussion on March 19 at 10:45 a.m. PT. Additionally, HP will participate in the NYSE Energy & Utilities Virtual Investor Access Day on March 20, 2025.

In a market update following their Q1 FY2025 earnings release, HP reported receiving notices of contract suspensions for two additional rigs from the legacy KCA Deutag fleet in Saudi Arabia, bringing the total suspended rigs in the country to 14. CEO John Lindsay stated that while these suspensions are disappointing, they are not expected to materially impact the company's financial position. The company maintains optimism about its long-term strategic presence in the region and continues to pursue cost synergies.

Helmerich & Payne (NYSE: HP) ha annunciato la partecipazione del suo team di gestione a due importanti conferenze per investitori nel marzo 2025. L'azienda parteciperà al Piper Sandler 25th Annual Energy Conference (18-19 marzo 2025), dove il Presidente e CEO John Lindsay parteciperà a una discussione di panel il 19 marzo alle 10:45 PT. Inoltre, HP parteciperà al NYSE Energy & Utilities Virtual Investor Access Day il 20 marzo 2025.

In un aggiornamento di mercato dopo la pubblicazione dei risultati del primo trimestre dell'anno fiscale 2025, HP ha riportato di aver ricevuto avvisi di sospensione di contratti per altre due piattaforme della storica flotta KCA Deutag in Arabia Saudita, portando il totale delle piattaforme sospese nel paese a 14. Il CEO John Lindsay ha dichiarato che, sebbene queste sospensioni siano deludenti, non ci si aspetta che abbiano un impatto materiale sulla posizione finanziaria dell'azienda. L'azienda mantiene un ottimismo riguardo alla sua presenza strategica a lungo termine nella regione e continua a perseguire sinergie di costo.

Helmerich & Payne (NYSE: HP) ha anunciado la participación de su equipo directivo en dos importantes conferencias para inversores en marzo de 2025. La compañía asistirá a la Piper Sandler 25th Annual Energy Conference (18-19 de marzo de 2025), donde el Presidente y CEO John Lindsay participará en una mesa redonda el 19 de marzo a las 10:45 a.m. PT. Además, HP participará en el NYSE Energy & Utilities Virtual Investor Access Day el 20 de marzo de 2025.

En una actualización del mercado tras la publicación de sus resultados del primer trimestre del año fiscal 2025, HP informó que recibió avisos de suspensión de contratos para dos plataformas adicionales de la histórica flota KCA Deutag en Arabia Saudita, llevando el total de plataformas suspendidas en el país a 14. El CEO John Lindsay declaró que, si bien estas suspensiones son decepcionantes, no se espera que afecten materialmente la posición financiera de la empresa. La compañía mantiene un optimismo sobre su presencia estratégica a largo plazo en la región y continúa buscando sinergias de costos.

Helmerich & Payne (NYSE: HP)는 2025년 3월에 열리는 두 개의 주요 투자자 회의에 경영진이 참석할 것이라고 발표했습니다. 이 회사는 Piper Sandler 제25회 연례 에너지 회의 (2025년 3월 18-19일)에 참석하며, 그곳에서 사장 겸 CEO인 John Lindsay가 3월 19일 오전 10시 45분 PT에 패널 토론에 참여할 예정입니다. 또한, HP는 2025년 3월 20일에 NYSE 에너지 및 유틸리티 가상 투자자 접근의 날에도 참여할 것입니다.

2025 회계연도 1분기 실적 발표 후 시장 업데이트에서 HP는 사우디 아라비아의 KCA Deutag 구형 함대에서 두 개의 추가 리그에 대한 계약 중단 통지를 받았다고 보고했으며, 이는 해당 국가에서 총 14개의 중단된 리그로 증가했습니다. CEO John Lindsay는 이러한 중단이 실망스럽지만 회사의 재무 상태에 실질적인 영향을 미치지는 않을 것으로 예상된다고 밝혔습니다. 회사는 이 지역에서의 장기 전략적 존재에 대해 낙관적인 입장을 유지하고 있으며, 비용 시너지를 계속 추구하고 있습니다.

Helmerich & Payne (NYSE: HP) a annoncé la participation de son équipe de direction à deux grandes conférences pour investisseurs en mars 2025. L'entreprise assistera à la Piper Sandler 25th Annual Energy Conference (18-19 mars 2025), où le Président et CEO John Lindsay participera à une discussion en panel le 19 mars à 10h45 PT. De plus, HP participera au NYSE Energy & Utilities Virtual Investor Access Day le 20 mars 2025.

Dans une mise à jour du marché suite à la publication de leurs résultats du premier trimestre de l'exercice 2025, HP a rapporté avoir reçu des avis de suspension de contrats pour deux plateformes supplémentaires de la flotte historique KCA Deutag en Arabie Saoudite, portant le total des plateformes suspendues dans le pays à 14. Le CEO John Lindsay a déclaré que bien que ces suspensions soient décevantes, elles ne devraient pas avoir d'impact matériel sur la position financière de l'entreprise. L'entreprise reste optimiste quant à sa présence stratégique à long terme dans la région et continue de rechercher des synergies de coûts.

Helmerich & Payne (NYSE: HP) hat die Teilnahme seines Management-Teams an zwei wichtigen Investorenkonferenzen im März 2025 angekündigt. Das Unternehmen wird an der Piper Sandler 25th Annual Energy Conference (18.-19. März 2025) teilnehmen, wo Präsident und CEO John Lindsay am 19. März um 10:45 Uhr PT an einer Podiumsdiskussion teilnehmen wird. Darüber hinaus wird HP am NYSE Energy & Utilities Virtual Investor Access Day am 20. März 2025 teilnehmen.

In einem Marktupdate nach der Veröffentlichung ihrer Ergebnisse für das erste Quartal des Geschäftsjahres 2025 berichtete HP, dass sie Mitteilungen über Vertragsaussetzungen für zwei weitere Bohrinseln aus der historischen KCA Deutag-Flotte in Saudi-Arabien erhalten haben, wodurch die Gesamtzahl der im Land ausgesetzten Bohrinseln auf 14 steigt. CEO John Lindsay erklärte, dass diese Aussetzungen zwar enttäuschend seien, jedoch nicht erwartet werden, dass sie die finanzielle Lage des Unternehmens wesentlich beeinträchtigen. Das Unternehmen bleibt optimistisch bezüglich seiner langfristigen strategischen Präsenz in der Region und verfolgt weiterhin Kostensynergien.

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TULSA, Okla.--(BUSINESS WIRE)-- Helmerich & Payne, Inc. (NYSE: HP) today announced that John Lindsay, President and Chief Executive Officer; Kevin Vann, 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 March 2025. Participation by the management team will vary by event.

  • The Piper Sandler 25th Annual Energy Conference on Tuesday and Wednesday, March 18-19, 2025; Lindsay will participate in a panel discussion on behalf of the Company on Wednesday, March 19, 2025 at 10:45 a.m. U.S. PT.
  • The NYSE Energy & Utilities Virtual Investor Access Day on Thursday, March 20, 2025.

Market Update: Subsequent to H&P’s first fiscal quarter of 2025 earnings release on February 5, 2025, the Company received notices of contract suspensions for an additional two rigs from the legacy KCA Deutag rig fleet operating in Saudi Arabia. This brings the Company’s total rig suspensions in country to 14 rigs.

President and CEO John Lindsay commented, “While these incremental suspensions are disappointing, we do not expect them to have an incremental adverse material impact on the Company’s financial position. As we have mentioned previously, we remain positive on the long-term strategic prospects of having a large-scale drilling presence in the region and are actively pursuing the cost synergies we discussed on the first fiscal quarter earnings conference call.”

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.

Forward Looking Statements

This release includes “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, and such statements are based on current expectations and assumptions that are subject to risks and uncertainties. All statements other than statements of historical facts included in this release, including, without limitation, statements regarding the anticipated benefits (including synergies and cash flow and free cash flow accretion) of the acquisition and integration of KCA Deutag, the anticipated impact of the acquisition of KCA Deutag on the Company's business and future financial and operating results, the anticipated timing of expected synergies and returns from the acquisition of KCA Deutag, the anticipated number of and impact of suspended rigs related to the Acquisition, the timing and terms of recommencement of suspended rigs related to the Acquisition, the Company’s business strategy, future financial position, operations outlook, future cash flow, future use of generated cash flow, dividend amounts and timing, amounts of any future dividends, investments, active rig count projections, projected costs and plans, objectives of management for future operations, contract terms, financing and funding, capex spending and budgets, outlook for domestic and international markets, future commodity prices, future customer activity and relationships and the expected impact of the integration of KCA Deutag are forward-looking statements. For information regarding risks and uncertainties associated with the Company’s business, please refer to the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections and other disclosures in the Company’s SEC filings, including but not limited to its annual report on Form 10‑K and quarterly reports on Form 10‑Q. As a result of these factors, Helmerich & Payne, Inc.’s actual results may differ materially from those indicated or implied by such forward-looking statements. Investors are cautioned not to put undue reliance on such statements. We undertake no duty to publicly update or revise any forward-looking statements, whether as a result of new information, changes in internal estimates, expectations or otherwise, except as required under applicable securities laws.

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.

IR Contact:

Dave Wilson, Vice President of Investor Relations

918-588-5190

investor.relations@hpinc.com

Source: Helmerich & Payne, Inc.

FAQ

How many rigs has Helmerich & Payne (HP) suspended in Saudi Arabia as of March 2025?

HP has received suspensions for 14 total rigs from the legacy KCA Deutag fleet operating in Saudi Arabia.

What investor conferences will Helmerich & Payne (HP) attend in March 2025?

HP will participate in the Piper Sandler 25th Annual Energy Conference (March 18-19) and the NYSE Energy & Utilities Virtual Investor Access Day (March 20).

When will HP CEO John Lindsay speak at the Piper Sandler Energy Conference?

John Lindsay will participate in a panel discussion on Wednesday, March 19, 2025, at 10:45 a.m. PT.

What is the impact of the Saudi Arabia rig suspensions on HP's financial position?

According to CEO John Lindsay, the additional rig suspensions are not expected to have an incremental adverse material impact on the company's financial position.

What is HP's strategic outlook for their Saudi Arabian operations?

HP remains positive on the long-term strategic prospects of having a large-scale drilling presence in the region and is actively pursuing cost synergies.
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