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. (NYSE: HP) is a drilling contractor focused on performance-driven drilling solutions and technologies for oil and gas wells. Founded in 1920 and active in the drilling oil and gas wells industry, the company regularly issues news updates that reflect its operational, financial and strategic activities across North America, international markets and offshore environments.
This news page aggregates announcements such as quarterly and annual earnings results, operating highlights for the North America Solutions, International Solutions and Offshore Solutions segments, and guidance related to rig counts, capital expenditures and margins. Investors can follow updates on topics like rig deployments and reactivations, including notices to recommence operations on land rigs in regions such as Saudi Arabia, as well as commentary on the integration of acquired operations like KCA Deutag.
Company news also covers leadership and governance developments. Recent releases have detailed promotions within the executive team, including the appointment of Raymond John “Trey” Adams III as President and his planned succession to Chief Executive Officer following the 2026 Annual Meeting of Stockholders, along with other senior leadership changes in land and offshore operations.
In addition, Helmerich & Payne routinely announces conference calls and webcasts to discuss fiscal results, where management may address segment performance, technology initiatives, drilling productivity, capital allocation and dividends. By following HP news, readers can track how the company manages its global rig fleet, advances drilling automation and directional drilling technologies, and responds to market conditions in the oil and gas sector.
Helmerich & Payne (NYSE: HP) announced that its joint venture Turan Drilling and Engineering Company LLC (TURAN) won a long-term offshore operations and maintenance contract renewal with bp in the Caspian Sea, effective March 2026.
The award includes a firm 5-year term plus three one-year extension options and covers services for eight offshore platforms. If all options are exercised, the contract value could exceed $1 billion, and TURAN will deliver personnel, maintenance execution, spare parts, warehousing and a new asset integrity and fabric maintenance engineering team.
Helmerich & Payne (NYSE: HP) published its fiscal 2025 Sustainability Report covering the year ended September 30, 2025. The report highlights a ~13% GHG emissions intensity reduction for North America rigs since 2022 and a >33% reduction versus the 2018 baseline.
It discloses consolidated emissions and safety data after the January 2025 KCAD acquisition and notes governance scores (ISS 1; Sustainalytics 19.8).
Helmerich & Payne (NYSE: HP) reported a fiscal Q1 net loss of $97 million (EPS $0.98 loss), which included a $103 million non-cash impairment. Adjusted loss was $14 million (adjusted EPS $0.15 loss). Consolidated adjusted EBITDA was $230 million. North America direct margin was $239 million (≈$18,193 per day). The company repaid $260 million on a $400 million term loan and returned about $25 million in dividends. Fiscal 2026 estimates include depreciation ≈$700 million, R&D ≈$25 million, and interest ≈$100 million. CEO John Lindsay plans to retire in March 2026.
Helmerich & Payne (NYSE: HP) will host a fiscal first quarter 2026 conference call and webcast on Thursday, February 5, 2026 at 11:00 a.m. ET (10:00 a.m. CT) to discuss its Q1 2026 results. CEO John Lindsay, President Trey Adams, and SVP & CFO Kevin Vann will lead the call.
The earnings release and presentation will be available at hpinc.com. Investors may join via phone (domestic 800-343-4136; international 203-518-9843) or via the live audio webcast. The call will be archived on the company website for 365 days under Investors > News & Events > Events & Presentations. For questions, contact Kris Nicol, VP of Investor Relations, at investor.relations@hpinc.com.
Helmerich & Payne (NYSE: HP) announced that CEO John Lindsay will retire as CEO and director following the Annual Meeting on March 4, 2026. The Board has appointed President Raymond John “Trey” Adams to succeed Lindsay as CEO effective after the Annual Meeting and has nominated Adams to stand for election to the Board at that meeting. Lindsay will remain as a senior advisor through December 2026 to support the transition.
The release highlights Lindsay’s 12-year tenure, five technology company acquisitions, and H&P’s fleet as of Nov. 17, 2025: 203 US land rigs, 137 international land rigs, 5 offshore platform rigs, and about 30 offshore labor contracts.
Helmerich & Payne (NYSE: HP) reported a consolidated net loss of $57 million (‑$0.58/share) for Q4 FY2025, including $56 million of non‑recurring charges; adjusted net loss was $1 million (‑$0.01/share). Consolidated adjusted EBITDA was $225 million. North America Solutions delivered operating income of $118 million with direct margins of $242 million (~$18,620/day; ~141 rigs). International Solutions loss narrowed to $75 million with direct margins of $30 million. Offshore Solutions posted operating income of $20 million and record direct margins of $35 million.
Management repaid $210 million of a $400 million term loan and expects full repayment by Q3 FY2026. Fiscal 2026 guidance includes $280–$320 million capex, NAS average contracted rigs of 132–148, International operating rigs of 58–68, and offshore direct margins of $100–$115 million.
Helmerich & Payne (NYSE: HP) announced reactivation notices for seven land rigs in Saudi Arabia, with reactivations staged through the first half of calendar 2026. Per contract terms, days accrued during suspension will be added to each rig’s remaining term. The company said these moves follow the KCA Deutag acquisition and reflect strengthening Middle East activity.
By mid-2026 H&P expects to operate 24 rigs in Saudi Arabia (8 proprietary FlexRigs and 16 from KCA Deutag). As of Nov 17, 2025, H&P reports a global fleet of 203 US land rigs, 137 international land rigs, and 5 offshore platform rigs, plus ~30 offshore labor contracts.
Tamboran Resources (NYSE: TBN, ASX: TBN) raised US$56.1 million (US$52.5 million net) by issuing 2,673,111 common shares at US$21.00 per share; underwriters exercised an option for an additional 348,666 shares on October 23, 2025.
Concurrently Tamboran entered a PIPE for expected gross proceeds of up to US$29.3 million (including US$6.6 million from Bryan Sheffield and Scott Sheffield, subject to shareholder approval) and announced a CDI Share Purchase Plan targeting up to US$30 million (A$0.162 per CDI, a 19.84% discount) to eligible retail holders from October 30 to November 20, 2025.
Proceeds will fund the Beetaloo Basin development plan, working capital and general corporate purposes; Baker Hughes committed US$10 million and agreed a preferred services arrangement for up to 20 wells or three years.
Helmerich & Payne (NYSE: HP) will hold a conference call and webcast to discuss fiscal fourth quarter 2025 results on Tuesday, November 18, 2025 at 11:00 a.m. ET (10:00 a.m. CT). CEO John Lindsay and SVP & CFO Kevin Vann will lead the call. The earnings release and presentation will be posted at hpinc.com under Investors > News & Events – Event & Presentations.
Investors can join via domestic phone at 800-245-3047 (Access Code: Helmerich), international at 203-518-9765 (Access Code: Helmerich), or via live audio webcast. The webcast replay will be archived for 365 days on the company website.
Helmerich & Payne (NYSE: HP) announced significant leadership changes effective October 1, 2025. Trey Adams has been promoted to President, becoming only the 5th president in the company's 105-year history. Additionally, Mike Lennox and John Bell have been elevated to Executive Vice Presidents of Western and Eastern Hemisphere Land operations, respectively.
The restructuring comes as HP, the world's leading land driller, completes the initial integration of the KCAD acquisition. The company's current fleet includes 224 land rigs in the United States, 153 international land rigs, and 7 offshore platform rigs. Adams will oversee all revenue-generating business units, focusing on expanding HP's presence in Middle East markets.