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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 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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Helmerich & Payne, Inc. Announces Release of its 2023 Sustainability Report

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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.
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Helmerich & Payne, Inc. Announces Fiscal Fourth Quarter & Fiscal Year Results

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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.
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Eden Raises $12 Million Seed Round to Scale Next-Generation Geologic Reservoir Permeability Enhancement Technology

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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.
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Helmerich & Payne, Inc. Announces Supplemental Shareholder Return Plan and Planned Capital Expenditures for Fiscal 2024 and Conference Call and Webcast for Fiscal Fourth Quarter 2023

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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.
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Helmerich & Payne, Inc. To Participate in Conferences in September 2023

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Helmerich & Payne, Inc. executives to participate in investor conferences in September 2023.
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Helmerich & Payne, Inc. Announces Fiscal Third Quarter Results

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Helmerich & Payne, Inc. Announces the Appointment of New Director

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Helmerich & Payne, Inc. Announces Fiscal Third Quarter 2023 Conference Call and Webcast

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Hello Pal Announces Record Annual Revenues for 2022 Year End and Restates 2021 Year End Financial Information

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FAQ

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

The current stock price of Helmerich & Payne (HP) is $33.13 as of January 3, 2025.

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

The market cap of Helmerich & Payne (HP) is approximately 3.2B.

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

#1606 Ranked by Market Cap
#1069 Ranked by Dividends

HP Stock Data

3.23B
95.18M
3.47%
108.8%
12.22%
Oil & Gas Drilling
Drilling Oil & Gas Wells
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United States of America
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