Helmerich Stock Price, News & Analysis

Helmerich & Payne (NYSE: HP) has engaged Eastdil Secured, a national commercial brokerage firm, to explore strategic options for its Utica Square Shopping Center. The company has owned the property since 1964 and is now considering potential partnerships or sale opportunities. This strategic review comes as part of a broader company-wide asset evaluation following what the company describes as its largest acquisition in history. CEO John Lindsay expressed gratitude for Tulsa's support while emphasizing the timing is appropriate to explore future possibilities for the property.

Helmerich & Payne (NYSE: HP) announced its management team's participation in two upcoming investor conferences in May 2025. The company's representatives, including Mike Lennox (Senior Vice President of Americas Operations) and Dave Wilson (Vice President of Investor Relations), will attend the TPH&Co. Hotter 'N Hell 2025 conference on May 14-15 and the Citi 2025 Spotlight on SMID Energy Day on May 22. Management participation will vary by event.

- Operating income of $152M in North America Solutions - Adjusted EBITDA of $242M - Operating cash flow of $56M - Returned $25M to shareholders via dividends

The company now expects to achieve over $25M in expense synergies from the KCA Deutag acquisition, with total cost structure reductions of $50-75M. H&P repaid $25M of its $400M acquisition term loan and plans to repay approximately $175M in calendar 2025. Despite near-term challenges in international operations, particularly in Saudi Arabia, the North American segment remains resilient with direct margins of $19,800 per day.

Helmerich & Payne (NYSE: HP) has scheduled its fiscal second quarter 2025 earnings conference call for Thursday, May 8, 2025, at 11:00 a.m. ET. The event will feature presentations from President and CEO John Lindsay, Senior VP and CFO Kevin Vann, and VP of Investor Relations Dave Wilson.

The earnings release and presentation materials will be accessible on the company's website at hpinc.com. Investors can participate via phone (domestic: 800-445-7795, international: 785-424-1699, access code: Helmerich) or through the webcast available on the company's investor relations page.

For those unable to attend live, the webcast recording will be archived for 365 days on HP's website under the Investors section.

Helmerich & Payne (NYSE: HP) has announced its management team's participation in two major investor conferences in March 2025. The company will attend the Piper Sandler 25th Annual Energy Conference (March 18-19, 2025), where President and CEO John Lindsay will join a panel discussion on March 19 at 10:45 a.m. PT. Additionally, HP will participate in the NYSE Energy & Utilities Virtual Investor Access Day on March 20, 2025.

In a market update following their Q1 FY2025 earnings release, HP reported receiving notices of contract suspensions for two additional rigs from the legacy KCA Deutag fleet in Saudi Arabia, bringing the total suspended rigs in the country to 14. CEO John Lindsay stated that while these suspensions are disappointing, they are not expected to materially impact the company's financial position. The company maintains optimism about its long-term strategic presence in the region and continues to pursue cost synergies.

Helmerich & Payne (NYSE: HP) reported Q1 fiscal 2025 results with net income of $55 million ($0.54 per diluted share) on operating revenues of $677 million, down from $75 million ($0.76 per diluted share) on $694 million revenue in Q4 2024. The company reported Adjusted EBITDA of $199 million.

The North America Solutions segment maintained 148 active rigs with revenue per day of $38,600 and direct margins of $19,400/day. The company completed the exportation of eight super-spec FlexRigs to Saudi Arabia and declared a quarterly dividend of $0.25 per share.

A significant development was the completion of the KCA Deutag acquisition, which increases HP's contracted rig count in Middle Eastern markets from 11 to 65 and adds approximately $5.5 billion in backlog. The company expects its North America Solutions rig count to remain relatively flat, exiting Q2 with 146-152 active rigs.

Helmerich & Payne (NYSE: HP) has completed its acquisition of KCA Deutag International , creating a global leader in onshore drilling. The transformative acquisition significantly enhances H&P's international presence, particularly in the Middle East, while strengthening its cash flow through a more diversified and durable revenue stream.

The company expects to achieve both near- and long-term growth and value creation through enhanced scale and diversification across U.S. and international crude oil and natural gas markets. H&P remains headquartered in Tulsa, Oklahoma, with John Lindsay continuing as President and CEO, while KCA Deutag's CEO Joseph Elkhoury will not continue with the company. H&P plans to provide an updated outlook for fiscal year 2025 when reporting its fiscal first quarter 2025 results.

Helmerich & Payne (NYSE: HP) has scheduled its fiscal first quarter 2025 earnings conference call for Thursday, February 06, 2025, at 11:00 a.m. ET. The company's President and CEO John Lindsay, Senior VP and CFO Kevin Vann, and VP of Investor Relations Dave Wilson will host the call.

Investors can access the call via phone (domestic: 800-445-7795, international: 785-424-1699) or through a webcast on the company's website. The earnings release and presentation will be available at www.helmerichpayne.com. For those unable to attend live, the webcast will be archived for 365 days on the company's website under the Investors section.

Helmerich & Payne (NYSE:HP) has released its 2024 Sustainability Report, covering the fiscal year ended September 30, 2024. The report showcases the company's progress in sustainability initiatives and responsible energy solutions. Key highlights include updates on emissions reduction goals, environmental management system improvements, enhanced governance practices, and revised Quantitative Scenario Analysis.

CEO John Lindsay emphasized the company's commitment to transparency in non-financial data reporting and acknowledged employees' contributions to their success. The report adheres to major sustainability reporting frameworks, including IFRS Sustainability Accounting Standards Board (SASB), Global Reporting Initiative (GRI), and Task Force on Climate-related Financial Disclosures (TCFD). It covers various sustainability programs encompassing environmental, safety, talent, and governance metrics.