Helmerich & Payne, Inc. filings document a Delaware operating company with common stock listed on the NYSE and a business centered on drilling rigs, drilling services and drilling technology. Recent 8-K reports furnish quarterly operating results and segment commentary for North America Solutions, International Solutions and Offshore, and also disclose dividend declarations, executive succession matters and compensation arrangements.
Proxy materials cover board elections, stockholder voting results, executive compensation, governance practices and the Amended & Restated 2024 Omnibus Incentive Plan for stock, share-based and cash awards. The filing record also reflects formal disclosure around the completed KCA Deutag acquisition, balance-sheet priorities and capital-allocation matters connected to H&P's global drilling portfolio.
Helmerich & Payne’s quarter ended March 31, 2026 showed lower revenue and a swing to loss amid sizable non‑cash charges. Operating revenues were $932.4 million versus $1,016.0 million a year earlier, while the company reported a net loss attributable to Helmerich & Payne of $58.6 million, or $0.59 per diluted share, compared with net income of $1.7 million last year.
For the first six months, revenue rose to $1.95 billion from $1.69 billion, but the company posted a net loss of $155.3 million versus prior‑year income of $56.4 million, largely driven by $129.2 million in asset impairment charges related to scrapping and selling rigs and certain intangibles.
Despite the loss, operations generated $219.0 million of net cash from operating activities in the first half. Total debt declined to $2.02 billion, with a $140.0 million term loan balance reclassified as current and fully repaid in April 2026. Contract backlog was approximately $5.4 billion, with about $1.1 billion expected to be recognized over the remainder of fiscal 2026. International operations provided 41.2 percent of operating revenues, including 16.7 percent from the Middle East, where one Saudi Arabian customer represented 7.0 percent of total revenue and has suspended a portion of its rigs.
Helmerich & Payne, Inc. reported fiscal second-quarter 2026 consolidated revenue of $932 million and a net loss of $59 million, or $(0.59) per share, including a $26 million non-cash impairment. Adjusted loss was $38 million, or $(0.38) per share, and adjusted EBITDA reached $178 million.
North America Solutions delivered operating income of $111 million and direct margin of $215 million, about $17,628 per day on 136 active rigs. International Solutions posted an operating loss of roughly $100 million with direct margin of about $11.5 million, reflecting Middle East conflict impacts, while Offshore Solutions earned operating income of about $14 million and direct margin near $27 million.
The company completed the sale of Utica Square with after-tax proceeds above its $100 million target, retired a term loan, reducing post-acquisition debt by $400 million, and returned roughly $25 million to shareholders through dividends. Management highlighted growing FlexRobotics™ deployment, a five-year bp contract renewal in the Caspian Sea that could exceed $1 billion if all options are exercised, and issued guidance calling for North America Solutions direct margin of $230–$240 million and 137–143 average rigs in the third quarter of fiscal 2026.
Vanguard Portfolio Management reports beneficial ownership of 6,141,499 shares of Helmerich & Payne Inc. The filing states this equals 6.15% of the company's common stock and that Vanguard Portfolio Management LLC has sole dispositive power over those shares. The report attributes voting and dispositive authority across affiliated Vanguard entities.
Helmerich & Payne Inc: Amendment No. 16 to a Schedule 13G/A filed by The Vanguard Group reports 0 shares beneficially owned, representing 0% of the common stock.
The filing states that on January 12, 2026 The Vanguard Group underwent an internal realignment and will report certain subsidiaries or business divisions separately in reliance on SEC Release No. 34-39538; those subsidiaries pursue the same investment strategies previously followed. The filing is signed by Ashley Grim, Head of Global Fund Administration, dated 03/27/2026.
Helmerich & Payne, Inc. senior vice president and chief legal officer Cara M. Hair reported an open-market sale of 58,771 shares of common stock at a weighted average price of $36.62 per share. Following this transaction, she directly holds 175,589 shares of Helmerich & Payne common stock.
HP filed a Form 144 reporting proposed sales of Common shares held by an affiliate. The filing lists multiple vested restricted stock lots tied to compensation, with example vesting entries including 16,109 shares (01/13/2023) and 19,280 shares (01/16/2025). The brokerage listed is Fidelity Brokerage Services LLC.
Helmerich & Payne, Inc. is implementing a planned finance leadership transition alongside its recently appointed CEO. Senior Vice President and Chief Financial Officer Kevin Vann will retire from his CFO role effective June 30, 2026, and become a non-executive senior advisor through December 31, 2026.
The Board has appointed Todd Scruggs, currently Vice President, Corporate Finance and Treasurer, as Senior Vice President and Chief Financial Officer effective July 1, 2026. His annual base salary will be $475,000 with a target bonus equal to 90% of base salary for calendar 2026 starting July 1.
Under a Transition Services and Retirement Agreement, Vann will receive his current base salary through June 30, 2026, then an annual base salary of $309,000 as senior advisor through year-end and a one-time $750,000 bonus in lieu of a 2026 annual bonus, paid in two installments tied to the transition and his termination of employment.
Helmerich & Payne, Inc. reported results of its 2026 Annual Meeting of Stockholders held on March 4, 2026. Stockholders approved the Amended & Restated 2024 Omnibus Incentive Plan, a stock and cash-based plan covering options, stock awards, and cash incentives for officers, employees, consultants, and non-employee directors.
All nominated directors were elected to serve until the 2027 annual meeting. Stockholders also ratified the appointment of Ernst & Young LLP as independent auditors for the fiscal year ending September 30, 2026 and approved, on an advisory basis, the compensation of the named executive officers.
ZEGLIS JOHN D reported acquisition or exercise transactions in this Form 4 filing.
Helmerich & Payne, Inc. director John D. Zeglis reported receiving a grant of 5,273 shares of common stock, with a stated price of $0.00 per share. After this grant, his directly owned holdings increased to 73,442 shares of common stock.
Helmerich & Payne, Inc. director Donald F. Robillard Jr. reported an acquisition of 5,273 units of phantom stock on March 5, 2026. The award was granted at a price of $0.00 per unit and increased his directly held phantom stock balance to 59,010 units.
The phantom shares relate to the company’s Director Deferred Compensation Plan on a 1-for-1 basis and are payable in cash only. Payment will occur either in a lump sum within 60 days after his board service ends or in annual installments for up to 10 years, at his election.