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. reports developments from a global drilling solutions business that designs, fabricates and operates high-performance rigs for conventional and unconventional oil and gas plays. Company news commonly covers North America Solutions, International Solutions and Offshore Solutions activity, including U.S. land drilling demand, contract extensions, offshore operations and maintenance work, and commercial activity in markets such as Argentina, Oman and the Caspian region.
Updates also address drilling automation and related technologies, including FlexRobotics™ Technology, directional drilling and survey management capabilities. Recurring corporate themes include segment operating results, capital allocation, debt reduction following the KCA Deutag acquisition, portfolio optimization, dividends and executive leadership changes.
Tamboran Resources (NYSE/ASX: TBN) reported completion of stimulation, cleanout and completion operations on the Shenandoah South 3H, 4H and 5H wells in the Northern Pilot Area of the Beetaloo Basin. The campaign, executed with a Liberty Energy (NYSE: LBRT) frac fleet, was the basin’s first three‑well zipper stimulation and its largest to date, placing 178 stages across approximately 30,000 feet in the Mid Velkerri B Shale.
The program averaged 6.7 stages per day, including Beetaloo records of more than 20 pumping hours per day and 12 stages in a single day. Tamboran also placed the first “Beetaloo Red” locally produced sand in 10 stages of SS‑4H, with tracers deployed to compare performance with imported sand. The wells are planned to be tied into the Sturt Plateau Compression Facility, which remains on schedule and within the A$141 million (~US$97 million) gross budget, with first gas sales to the Northern Territory Government targeted for 3Q 2026. Tamboran has started drilling SS‑7H, ‑8H and ‑9H with a Helmerich & Payne (NYSE: HP) rig, and holds a 44.38% working interest in about 20,245 gross prospective acres in the Northern Pilot Area and 20,236 in the Southern Pilot Area.
Helmerich & Payne (NYSE: HP) scheduled a conference call and webcast to discuss its fiscal third quarter 2026 earnings release and other potential material developments. The call, led by President and CEO Trey Adams and SVP and CFO Todd Scruggs, will take place at 10 a.m. ET (9 a.m. CT) on Thursday, August 6, 2026. Investors can participate via domestic or international phone lines using Conference ID 8620792, or via an online audio webcast. The earnings release, presentation, and a 365-day replay will be available in the Investor Hub section of hpinc.com.
Helmerich & Payne (NYSE: HP) reported Q2 FY2026 consolidated revenue of $932 million and a consolidated net loss of $59 million (loss per share $(0.59)), including a $26 million non‑cash impairment. Adjusted loss was $(38) million and adjusted EBITDA totaled $178 million. The company completed the sale of Utica Square with after‑tax proceeds above $100 million, retired a term loan reducing post‑acquisition debt by $400 million, returned about $25 million in dividends, and advanced FlexRobotics rollout. Management provided Q3 and FY'26 direct margin, rig count, and capex guidance ranges.
Helmerich & Payne (NYSE: HP) will host its fiscal second quarter 2026 earnings conference call on Thursday, May 7, 2026 at 11:00 a.m. ET. President and CEO Trey Adams and SVP/CFO Kevin Vann will lead the call and discuss the Q2 2026 results and other material developments.
The earnings release and presentation will be available at hpinc.com. Investors may join via phone or live audio webcast; the replay will be archived for 365 days on the company website. Investor questions may be directed to Kris Nicol, VP of Investor Relations, at investor.relations@hpinc.com.
Helmerich & Payne (NYSE: HP) completed the sale of Utica Square on April 2, 2026, to funds managed by Northwood Investors.
The divestiture generated after-tax proceeds exceeding the previously communicated $100 million target and was used largely to retire the company’s remaining term loan balance, supporting debt reduction and portfolio focus.
Helmerich & Payne (NYSE: HP) announced executive changes aligned with Trey Adams’ March 4, 2026 appointment as President and CEO. Kevin Vann will retire as SVP and CFO effective June 30, 2026, remaining as senior advisor through December 31, 2026. Todd Scruggs will become SVP and CFO effective July 1, 2026. The company cited continued de-leveraging, integration progress and operational improvements, and noted no other named executive officer changes.
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.