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. (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.
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.24%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.02%
Tags
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.88%
Tags
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.5%
Tags
-
Rhea-AI Summary
Helmerich & Payne, Inc. (NYSE:HP) released its 2023 Sustainability Report, highlighting sustainability efforts and performance for the fiscal year ended September 30, 2023. President and CEO John Lindsay emphasized the company's commitment to transparency and accountability, outlining financial and non-financial achievements. The report covers environmental, safety, DE&I, and governance metrics, aligning with leading sustainability reporting frameworks such as SASB, GRI, and TCFD.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.93%
Tags
-
Rhea-AI Summary
Helmerich & Payne, Inc. (NYSE: HP) announced its fiscal 2024 Supplemental Shareholder Return Plan, projecting approximately $168 million for shareholders in fiscal year 2024. The company reported fiscal fourth quarter and fiscal year 2023 net income of $0.77 and $4.16 per diluted share, respectively. The North America Solutions segment saw an increase in revenue per day to $37,300/day, but operating income and direct margins decreased sequentially. H&P expects to exit the first quarter of fiscal year 2024 with 150-156 active rigs and anticipates capital expenditures for fiscal year 2024 to range between $450 and $500 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.26%
Tags
Rhea-AI Summary
Eden, a leader in sustainable natural resource recovery, has closed an oversubscribed $12M seed funding round. The company will use the funds to scale its Electrical Reservoir Stimulation technology across various applications, including geothermal, geologic hydrogen, geologic carbon storage, and sustainable mining. The U.S. Department of Energy recently highlighted the need for innovative reservoir stimulation techniques to unlock renewable power potential. Eden's technology enables operators to increase rock permeability and enhance reservoir productivity, leading to economic viability and reduced environmental impact.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.66%
Tags
-
Rhea-AI Summary
H&P announces its fiscal 2024 Supplemental Shareholder Return Plan, projecting approximately $168 million in cash returns to shareholders. The plan includes established base dividends, supplemental dividends, and unallocated cash. Capital expenditures for fiscal year 2024 are expected to range between $450 and $500 million, with a focus on North America Solutions and international growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.89%
Tags
-
Rhea-AI Summary
Helmerich & Payne, Inc. executives to participate in investor conferences in September 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.08%
Tags
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.59%
Tags
FAQ
What is the current stock price of Helmerich (HP)?
The current stock price of Helmerich (HP) is $26.25 as of February 21, 2025.
What is the market cap of Helmerich (HP)?
The market cap of Helmerich (HP) is approximately 2.7B.
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.
Helmerich