Helmerich Stock Price, News & Analysis

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.

Helmerich & Payne (NYSE: HP) announced its management team's participation in two upcoming investor conferences in September 2025. President and CEO John Lindsay, CFO Kevin Vann, and VP of Finance & Treasury Todd Scruggs will represent the company.

The team will attend the Barclays 39th Annual Energy-Power Conference on September 2-3, where Lindsay will participate in a fireside chat on September 2 at 3:35 p.m. ET. Additionally, they will attend the Pickering Energy Conference on September 29-30, 2025.

Helmerich & Payne (NYSE:HP) reported fiscal Q3 2025 results with a net loss of $(163) million, or $(1.64) per share, primarily due to a $173 million non-cash goodwill impairment charge. Adjusted earnings were $22 million ($0.22 per share). The North America Solutions segment posted $158 million operating income with industry-leading direct margins of $266 million.

The International Solutions segment recorded a $(167) million operating loss, including the first full quarter impact of the KCA Deutag acquisition. The company achieved $268 million in consolidated adjusted EBITDA and has identified $50 million in cost synergies from the KCAD transaction. H&P has repaid $120 million of its $400 million term loan and increased its total repayment target to $200 million by end of 2025.

Helmerich & Payne (NYSE:HP) has scheduled its fiscal third quarter 2025 earnings conference call for Thursday, August 7, 2025, at 11:00 a.m. ET. The company's CEO John Lindsay and CFO Kevin Vann will host the call to discuss quarterly results and other material developments.

Investors can participate via phone using domestic (800-343-4136) or international (203-518-9843) numbers with access code "Helmerich", or through the audio webcast available on the company's website. The earnings release and presentation will be accessible at hpinc.com. The webcast recording will remain archived on the company's website for 365 days.