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Helmerich & Payne Inc. (NYSE: HP) delivers cutting-edge drilling solutions to global energy markets through its AC FlexRig® technology and operational expertise. This news hub provides investors and industry professionals with essential updates on HP's strategic initiatives, technological advancements, and market positioning.
Access authoritative coverage of earnings announcements, contract awards, and operational milestones. Our curated collection features press releases detailing HP's innovations in automated drilling systems, sustainability efforts, and international expansion across key regions including the Permian Basin and Middle East.
Stay informed about developments impacting HP's fleet utilization rates, technology licensing agreements, and responses to energy market dynamics. Bookmark this page for real-time updates on one of the drilling sector's most technologically advanced contractors.
Helmerich & Payne, Inc. (NYSE: HP) announced a conference call on November 18, 2021, at 11:00 a.m. ET to discuss its fiscal fourth quarter 2021 earnings. CEO John Lindsay, CFO Mark Smith, and VP of Investor Relations Dave Wilson will participate. Investors can access the call via phone or audio webcast. For those unable to attend, the call will be archived on the company’s website for 365 days. Helmerich & Payne, founded in 1920, is committed to delivering industry-leading drilling productivity and reliability.
Helmerich & Payne, Inc. (NYSE:HP) has completed a private offering of $550 million in 2.900% senior notes due 2031. This strategic move is aimed at extending debt maturity at a lower interest rate, leveraging the company's strong financial profile amidst a low-rate environment. The funds will be used to redeem $487.1 million of 4.65% Senior Notes due 2025. CEO John Lindsay emphasized that the offering positions H&P to grow its domestic market share and expand internationally while utilizing advanced technologies.
Helmerich & Payne, Inc. (NYSE:HP) has priced a private offering of $550 million in 2.900% senior notes due 2031, expanding from an initially planned $500 million. The proceeds will be used to redeem the outstanding $487.1 million of its 4.65% Senior Notes due 2025. The offering is set to close on September 29, 2021, subject to customary conditions. The Notes are not registered under the Securities Act, limiting their sale to qualified institutional buyers and certain non-U.S. persons.
Helmerich & Payne, Inc. (NYSE:HP) has initiated a private offering of $500 million in senior notes due 2031, targeted at qualified institutional buyers in the U.S. and certain non-U.S. persons. The proceeds will be used to redeem all outstanding 4.65% Senior Notes due 2025, totaling $487.1 million. The offering isn't contingent on this redemption. Notably, the notes are unregistered and can't be sold in the U.S. without proper registration or exemptions.
Helmerich & Payne (NYSE: HP) has entered a strategic alliance with ADNOC Drilling, involving the acquisition of eight FlexRig® land rigs for $86.5 million. Additionally, HP will invest $100 million into ADNOC Drilling's Initial Public Offering (IPO). This partnership aims to boost ADNOC's production capacity to 5 million barrels per day by 2030, enhancing operational efficiency and drilling performance. HP's investment reflects confidence in ADNOC's energy assets and prospects, as both companies commit to long-term growth in the region.
Helmerich & Payne, Inc. (NYSE: HP) announced participation in investor conferences in September 2021. John Lindsay, CEO, will engage in a virtual chat at the Barclays CEO Energy-Power Conference on September 10 at 9:45 a.m. Eastern Time. The company will also be present at the NYSE Energy & Utilities Access Day on September 16. Investor slides for these conferences will be available for download on the company’s website starting September 9, 2021. Founded in 1920, Helmerich & Payne specializes in high-performance drilling and advanced technology solutions.
Helmerich & Payne, Inc. (NYSE:HP) announced the appointment of Belgacem Chariag to its Board of Directors, expanding it to 12 members. Chariag brings extensive experience from his roles as Chairman, President, and CEO of PQ Group Holdings, and previous leadership positions at Baker Hughes and Schlumberger. Chairman Hans Helmerich highlighted Chariag's valuable perspective on oil field services and energy markets, aiming to enhance the company's strategic direction amidst a changing industry landscape.
Helmerich & Payne reported a net loss of $56 million, or $(0.52) per diluted share, for Q3 2021, reflecting improved revenues of $332 million compared to a $121 million loss on $296 million in Q2 2021. Operating cash flow declined to $31 million, down from $78 million in the prior quarter. The North America Solutions segment saw reduced operating losses and improved gross margins due to higher rig activity. The company anticipates increased activity and pricing in Q4 2021, alongside strategic investments in geothermal energy and cost-saving measures projected to yield $7 million annually.
Helmerich & Payne, Inc. (NYSE: HP) will host a conference call to discuss its fiscal third quarter 2021 earnings on July 29, 2021, at 11:00 a.m. EDT. The call will feature CEO John Lindsay, CFO Mark Smith, and VP of Investor Relations Dave Wilson. Participants can join via phone or audio webcast, accessible through the company's website. This event will address financial results and other material developments. Archived access will be available for 365 days following the call.
Helmerich & Payne, listed on NYSE as HP, has announced participation in several investor conferences in June 2021. Key executives, including CEO John Lindsay and CFO Mark Smith, will represent the company. The conferences include the Wells Fargo Energy Conference on June 3, RBC Capital Markets Global Energy Conference on June 8, TPH Hotter ’N Hell Conference on June 10, and the J.P. Morgan Energy Conference on June 22-23. Investor slides will be available for download on the company's website from June 1, 2021.
