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Helmerich & Payne, Inc. - HP STOCK NEWS

Welcome to our dedicated news page for Helmerich & Payne (Ticker: HP), a resource for investors and traders seeking the latest updates and insights on Helmerich & Payne.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Helmerich & Payne's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Helmerich & Payne's position in the market.

Rhea-AI Summary
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.
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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.
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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.
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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.
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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.
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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.
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Helmerich & Payne, Inc. (NYSE: HP) announced its fiscal 2024 Supplemental Shareholder Return Plan, projecting approximately $168 million for shareholders in fiscal year 2024. The company reported fiscal fourth quarter and fiscal year 2023 net income of $0.77 and $4.16 per diluted share, respectively. The North America Solutions segment saw an increase in revenue per day to $37,300/day, but operating income and direct margins decreased sequentially. H&P expects to exit the first quarter of fiscal year 2024 with 150-156 active rigs and anticipates capital expenditures for fiscal year 2024 to range between $450 and $500 million.
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Eden, a leader in sustainable natural resource recovery, has closed an oversubscribed $12M seed funding round. The company will use the funds to scale its Electrical Reservoir Stimulation technology across various applications, including geothermal, geologic hydrogen, geologic carbon storage, and sustainable mining. The U.S. Department of Energy recently highlighted the need for innovative reservoir stimulation techniques to unlock renewable power potential. Eden's technology enables operators to increase rock permeability and enhance reservoir productivity, leading to economic viability and reduced environmental impact.
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H&P announces its fiscal 2024 Supplemental Shareholder Return Plan, projecting approximately $168 million in cash returns to shareholders. The plan includes established base dividends, supplemental dividends, and unallocated cash. Capital expenditures for fiscal year 2024 are expected to range between $450 and $500 million, with a focus on North America Solutions and international growth.
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Helmerich & Payne, Inc. executives to participate in investor conferences in September 2023.
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Helmerich & Payne, Inc.

NYSE:HP

HP Rankings

HP Stock Data

3.84B
95.15M
3.36%
107.94%
11.68%
Drilling Oil and Gas Wells
Mining, Quarrying, and Oil and Gas Extraction
Link
US
Tulsa

About HP

helmerich & payne, inc. is a leading global drilling contractor with activities in the u.s., latin america, the middle east, africa and the gulf of mexico. h&p is an industry leader in innovation, a fact most notably demonstrated by its ac flexrig® technology. h&p owns and operates the largest land fleet of ac drive drilling rigs in the world and stands as the leading u.s. unconventional driller. h&p has been a top industry performer for 95 years and is committed to maintaining this reputation through its unparalleled innovation and service. to apply for a rig-based or field position, visit http://www.hpinc.com/careers/job-postings/drilling-field-operations.