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.
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.
Helmerich & Payne reported a net loss of $121 million, or $(1.13) per diluted share, for Q2 FY2021, against revenues of $296 million. This compares to a net loss of $70 million in Q1 FY2021 on revenues of $246 million. Despite the losses, the company highlighted improved cash flow from operations, totaling $78 million. H&P's strategic focus includes leveraging technology to enhance drilling operations and maintaining financial discipline in capital spending. The company finished the quarter with $562 million in cash and a debt-to-cap ratio of 14%.
Helmerich & Payne, Inc. (NYSE: HP) invites investors to its fiscal Q2 2021 earnings conference call on April 30, 2021, at 11:00 a.m. ET. The call will feature CEO John Lindsay and CFO Mark Smith. Participants can join via phone or audio webcast. The earnings release will cover financial results and other significant developments. Investors can access the presentation on the company's investor relations website. Founded in 1920, Helmerich & Payne focuses on drilling productivity and reliability, offering advanced technologies in the industry.
Helmerich & Payne, Inc. (NYSE: HP) announced participation in several investor conferences during February and March 2021. Key executives, including President John Lindsay and CFO Mark Smith, will represent the company at events like the Barclays IG/HY Energy and Pipeline Corporate Credit Days on February 25 and the Evercore ISI Elite Energy Summit on March 16-17. Investor presentation slides will be available on the company’s website starting February 24, 2021, showcasing H&P's commitment to drilling productivity and reliability.
Helmerich & Payne (NYSE: HP) reported a net loss of $70 million for Q1 2021, or $(0.66) per diluted share, down from a loss of $59 million in Q4 2020. Operating revenues rose to $246 million, driven by increased rig activity, though costs associated with reactivating rigs impacted margins. Cash and short-term investments totaled $524 million, with a debt-to-cap ratio of 13%. CEO John Lindsay expressed cautious optimism about market share gains, but acknowledged ongoing challenges due to COVID-19 uncertainties. Performance-based contracts contributed positively, but the company highlighted necessary improvements in cost management.
Helmerich & Payne is set to release its fiscal first quarter 2021 earnings on February 10, 2021, at 11:00 a.m. (ET). The conference call will feature key executives including President and CEO John Lindsay, Senior VP and CFO Mark Smith, and VP of Investor Relations Dave Wilson. Investors can participate via phone or audio webcast. This earnings release may include discussions of other material developments. The call will also be archived on the company's website for 365 days for those unable to attend live.
Helmerich & Payne, Inc. (NYSE: HP) has announced participation in key investor conferences for January 2021. Key executives, including CEO John Lindsay and CFO Mark Smith, will attend events such as the Goldman Sachs Global Energy Conference on January 6-7 and the ATB 9th Annual Institutional Investor Conference on January 13. Investor slides will be available on the company’s website on January 5. Founded in 1920, Helmerich & Payne focuses on drilling productivity and innovation across global markets.
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