Helmerich & Payne, Inc. - HP STOCK NEWS

Helmerich & Payne, Inc. (HP) will hold a conference call to discuss its second quarter 2024 earnings on April 25, 2024. The call will feature key executives and cover material developments. Investors can participate via phone or webcast.

Helmerich & Payne, Inc. (NYSE: HP) executives to participate in key investor conferences in March 2024, including the Piper Sandler 24th Annual Energy Conference and NYSE Energy & Utilities Virtual Investor Access Day. Investor slides accessible on the company's website.

Helmerich & Payne, Inc. (NYSE: HP) announced the retirement of CFO Mark W. Smith in August 2024. The company has initiated a search for his successor. Smith will continue in his role until then and serve as a senior advisor until December 2024. CEO John Lindsay praised Smith's contributions and leadership during challenging times. Smith expressed gratitude for his time at H&P and confidence in the company's future.

Helmerich & Payne, Inc. (NYSE: HP) executives to participate in the 2024 THRIVE Energy Conference by Daniel Energy Partners. The company will present investor slides and Mr. Lindsay will join a panel discussion on February 21, 2024.

Helmerich & Payne, Inc. (HP) announces finalization of contractual terms with Saudi Aramco for a 7-rig tender award. The super-spec rigs will be sourced from H&P's idle FlexRigs® in the U.S., converted to walking configurations, and equipped for Saudi Aramco's unconventional gas drilling. The total capex for these rigs is estimated at $175 to $196 million, with expected contributions of over $25 million to the Company's International Solutions segment direct margin annually.

Helmerich & Payne, Inc. (NYSE: HP) reported net income of $95 million, or $0.94 per diluted share, from operating revenues of $677 million for the quarter ended December 31, 2023. The Company's NAS segment saw an increase in revenue and operating income, with an exit anticipation of 154-159 active rigs for the second quarter of fiscal year 2024. The Company also received preliminary notification for seven super-spec rigs in the Middle East. Additionally, the Company returned approximately $90 million of capital to shareholders during the first fiscal quarter. The Company's international expansion strategy has shown positive results, with contracts for rigs in the Middle East and Bahrain. The Company also executed a shareholder return plan, returning approximately $42 million to shareholders in the form of base and supplemental dividends. The Company expects modest growth in rig count for fiscal year 2024, focusing on maintaining NAS margins and reinforcing international expansion. The Company's operating segment results for the first quarter of fiscal year 2024 showed increased operating income in the North America Solutions segment, and improved direct margins in the International Solutions segment. The Company also provided operational outlook and estimates for fiscal year 2024.

Helmerich & Payne, Inc. (HP) invites investors to listen to its conference call on Tuesday, January 30, 2024, at 11:00 a.m. (ET) to discuss its first quarter 2024 earnings release. The call will feature President and CEO John Lindsay, Senior Vice President and CFO Mark Smith, and Vice President of Investor Relations Dave Wilson. The conference call can be accessed via phone or audio webcast. Other material developments may also be discussed.

Helmerich & Payne, Inc. (NYSE: HP) announced that its management team will participate in investor conferences in January 2024, including the Goldman Sachs Energy, CleanTech & Utilities Conference and the ATB 12th Annual Institutional Investor Conference. The company's Senior Vice President and Chief Financial Officer, Senior Vice President of U.S. Land Operations, and Vice President of Investor Relations will be involved in panel discussions and presentations. Investor slides will be available for download on the company's website.

Helmerich & Payne, Inc. (NYSE:HP) released its 2023 Sustainability Report, highlighting sustainability efforts and performance for the fiscal year ended September 30, 2023. President and CEO John Lindsay emphasized the company's commitment to transparency and accountability, outlining financial and non-financial achievements. The report covers environmental, safety, DE&I, and governance metrics, aligning with leading sustainability reporting frameworks such as SASB, GRI, and TCFD.