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Helmerich & Payne, Inc. - HP STOCK NEWS

Welcome to our dedicated page for Helmerich & Payne news (Ticker: HP), a resource for investors and traders seeking the latest updates and insights on Helmerich & Payne stock.

Helmerich & Payne, Inc. (symbol: HP) is a preeminent global drilling contractor, distinguished by its extensive operations across the U.S., Latin America, the Middle East, Africa, and the Gulf of Mexico. H&P is a trailblazer in drilling technology, notably exemplified by its proprietary AC FlexRig® technology. Possessing the largest fleet of AC drive drilling rigs globally, H&P is at the forefront of the U.S. unconventional drilling sector.

Founded nearly a century ago, Helmerich & Payne has maintained its status as a top industry performer through unwavering commitment to innovation and service. The company’s FlexRig® line is hailed for its efficiency in drilling horizontal wells, which are essential for the production of U.S. tight oil and gas. This technological edge has cemented H&P's presence in nearly every major U.S. shale play, while also expanding its reach in international markets.

Financially robust, H&P continues to expand and enhance its capabilities. Noteworthy recent achievements include advancements in drilling automation and strategic partnerships aimed at optimizing operational efficiency. The company remains dedicated to driving progress within the industry, consistently delivering top-tier drilling solutions to its clients.

For those interested in joining H&P's dynamic team, the company offers numerous opportunities in rig-based or field positions. Prospective applicants can explore current openings at H&P Careers.

News

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

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Helmerich & Payne (NYSE: HP) announced that key executives, including CEO John Lindsay, CFO Mark Smith, and VP of Investor Relations Dave Wilson, will participate in the J.P. Morgan 2024 Energy, Power and Renewables Conference in New York City on June 17-18, 2024.

John Lindsay will discuss the company's perspectives on June 17 at 4:05 p.m. ET. Investor slides will be available on the company's website the day before the conference.

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Helmerich & Payne, Inc. Announces Fiscal Second Quarter Results

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Helmerich & Payne, Inc. reported fiscal second quarter net income of $85 million, or $0.84 per diluted share, with revenue per day averaging $38,200 in the North America Solutions segment. Quarterly operating income increased by $3 million, with $46 million returned to shareholders. The Company declared a quarterly base cash dividend of $0.25 per share and a supplemental cash dividend of $0.17 per share. Expectations for the third quarter include lower rig counts in North America and increased operational expenses for international operations.
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Helmerich & Payne, Inc. Announces Fiscal Second Quarter 2024 Conference Call and Webcast

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Helmerich & Payne, Inc. (HP) will hold a conference call to discuss its second quarter 2024 earnings on April 25, 2024. The call will feature key executives and cover material developments. Investors can participate via phone or webcast.
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Helmerich & Payne, Inc. To Participate in Conferences in March 2024

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Helmerich & Payne, Inc. (NYSE: HP) executives to participate in key investor conferences in March 2024, including the Piper Sandler 24th Annual Energy Conference and NYSE Energy & Utilities Virtual Investor Access Day. Investor slides accessible on the company's website.
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Helmerich & Payne, Inc. Announces Retirement of Mark W. Smith, CFO

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Helmerich & Payne, Inc. (NYSE: HP) announced the retirement of CFO Mark W. Smith in August 2024. The company has initiated a search for his successor. Smith will continue in his role until then and serve as a senior advisor until December 2024. CEO John Lindsay praised Smith's contributions and leadership during challenging times. Smith expressed gratitude for his time at H&P and confidence in the company's future.
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Helmerich & Payne, Inc. To Participate in the 2024 THRIVE Energy Conference in February 2024

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Helmerich & Payne, Inc. (NYSE: HP) executives to participate in the 2024 THRIVE Energy Conference by Daniel Energy Partners. The company will present investor slides and Mr. Lindsay will join a panel discussion on February 21, 2024.
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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) announces finalization of contractual terms with Saudi Aramco for a 7-rig tender award. The super-spec rigs will be sourced from H&P's idle FlexRigs® in the U.S., converted to walking configurations, and equipped for Saudi Aramco's unconventional gas drilling. The total capex for these rigs is estimated at $175 to $196 million, with expected contributions of over $25 million to the Company's International Solutions segment direct margin annually.
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Helmerich & Payne, Inc. Announces Fiscal First Quarter Results

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Helmerich & Payne, Inc. (NYSE: HP) reported 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 Company's NAS segment saw an increase in revenue and operating income, with an exit anticipation of 154-159 active rigs for the second quarter of fiscal year 2024. The Company also received preliminary notification for seven super-spec rigs in the Middle East. Additionally, the Company returned approximately $90 million of capital to shareholders during the first fiscal quarter. The Company's international expansion strategy has shown positive results, with contracts for rigs in the Middle East and Bahrain. The Company also executed a shareholder return plan, returning approximately $42 million to shareholders in the form of base and supplemental dividends. The Company expects modest growth in rig count for fiscal year 2024, focusing on maintaining NAS margins and reinforcing international expansion. The Company's operating segment results for the first quarter of fiscal year 2024 showed increased operating income in the North America Solutions segment, and improved direct margins in the International Solutions segment. The Company also provided operational outlook and estimates for fiscal year 2024.
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Helmerich & Payne, Inc. Announces Fiscal First Quarter 2024 Conference Call and Webcast

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Helmerich & Payne, Inc. (HP) invites investors to listen to its conference call on Tuesday, January 30, 2024, at 11:00 a.m. (ET) to discuss its first quarter 2024 earnings release. The call will feature President and CEO John Lindsay, Senior Vice President and CFO Mark Smith, and Vice President of Investor Relations Dave Wilson. The conference call can be accessed via phone or audio webcast. Other material developments may also be discussed.
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Helmerich & Payne, Inc. To Participate in Conferences in January 2024

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Helmerich & Payne, Inc. (NYSE: HP) announced that its management team will participate in investor conferences in January 2024, including the Goldman Sachs Energy, CleanTech & Utilities Conference and the ATB 12th Annual Institutional Investor Conference. The company's Senior Vice President and Chief Financial Officer, Senior Vice President of U.S. Land Operations, and Vice President of Investor Relations will be involved in panel discussions and presentations. Investor slides will be available for download on the company's website.
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FAQ

What is the current stock price of Helmerich & Payne (HP)?

The current stock price of Helmerich & Payne (HP) is $35.18 as of December 2, 2024.

What is the market cap of Helmerich & Payne (HP)?

The market cap of Helmerich & Payne (HP) is approximately 3.5B.

What does Helmerich & Payne, Inc. do?

Helmerich & Payne, Inc. is a leading global drilling contractor specializing in land-based drilling rigs, particularly for unconventional oil and gas wells.

Where does H&P operate?

H&P operates in the U.S., Latin America, the Middle East, Africa, and the Gulf of Mexico.

What is AC FlexRig® technology?

AC FlexRig® is H&P's proprietary drilling technology known for its efficiency in drilling horizontal wells, crucial for producing tight oil and gas.

How long has H&P been in the drilling industry?

Helmerich & Payne has been an industry leader for nearly 95 years.

What makes H&P a top performer in the industry?

H&P is renowned for its innovation, extensive fleet of AC drive drilling rigs, and commitment to exceptional service.

Is H&P involved in any international projects?

Yes, H&P is expanding its presence internationally with ongoing projects in multiple regions.

How can I apply for a job at H&P?

You can apply for rig-based or field positions by visiting their careers page: http://www.hpinc.com/careers/job-postings/drilling-field-operations.

What are H&P's recent achievements?

Recent achievements include advancements in drilling automation and strategic partnerships to enhance operational efficiency.

What is H&P's role in the U.S. shale plays?

H&P has a significant presence in nearly every major U.S. shale play, providing cutting-edge drilling solutions.

How does H&P contribute to the industry?

H&P contributes through continuous innovation, maintaining the largest fleet of AC drive rigs, and delivering high-quality drilling services.

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Helmerich & Payne, Inc.

NYSE:HP

HP Rankings

#1579 Ranked by Market Cap
#1069 Ranked by Dividends

HP Stock Data

3.46B
95.31M
3.35%
108.86%
12.88%
Oil & Gas Drilling
Drilling Oil & Gas Wells
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