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.
Helmerich & Payne, listed on NYSE as HP, has announced participation in several investor conferences in June 2021. Key executives, including CEO John Lindsay and CFO Mark Smith, will represent the company. The conferences include the Wells Fargo Energy Conference on June 3, RBC Capital Markets Global Energy Conference on June 8, TPH Hotter ’N Hell Conference on June 10, and the J.P. Morgan Energy Conference on June 22-23. Investor slides will be available for download on the company's website from June 1, 2021.
Helmerich & Payne reported a net loss of $121 million, or $(1.13) per diluted share, for Q2 FY2021, against revenues of $296 million. This compares to a net loss of $70 million in Q1 FY2021 on revenues of $246 million. Despite the losses, the company highlighted improved cash flow from operations, totaling $78 million. H&P's strategic focus includes leveraging technology to enhance drilling operations and maintaining financial discipline in capital spending. The company finished the quarter with $562 million in cash and a debt-to-cap ratio of 14%.
Helmerich & Payne, Inc. (NYSE: HP) invites investors to its fiscal Q2 2021 earnings conference call on April 30, 2021, at 11:00 a.m. ET. The call will feature CEO John Lindsay and CFO Mark Smith. Participants can join via phone or audio webcast. The earnings release will cover financial results and other significant developments. Investors can access the presentation on the company's investor relations website. Founded in 1920, Helmerich & Payne focuses on drilling productivity and reliability, offering advanced technologies in the industry.
Helmerich & Payne, Inc. (NYSE: HP) announced participation in several investor conferences during February and March 2021. Key executives, including President John Lindsay and CFO Mark Smith, will represent the company at events like the Barclays IG/HY Energy and Pipeline Corporate Credit Days on February 25 and the Evercore ISI Elite Energy Summit on March 16-17. Investor presentation slides will be available on the company’s website starting February 24, 2021, showcasing H&P's commitment to drilling productivity and reliability.
Helmerich & Payne (NYSE: HP) reported a net loss of $70 million for Q1 2021, or $(0.66) per diluted share, down from a loss of $59 million in Q4 2020. Operating revenues rose to $246 million, driven by increased rig activity, though costs associated with reactivating rigs impacted margins. Cash and short-term investments totaled $524 million, with a debt-to-cap ratio of 13%. CEO John Lindsay expressed cautious optimism about market share gains, but acknowledged ongoing challenges due to COVID-19 uncertainties. Performance-based contracts contributed positively, but the company highlighted necessary improvements in cost management.
Helmerich & Payne is set to release its fiscal first quarter 2021 earnings on February 10, 2021, at 11:00 a.m. (ET). The conference call will feature key executives including President and CEO John Lindsay, Senior VP and CFO Mark Smith, and VP of Investor Relations Dave Wilson. Investors can participate via phone or audio webcast. This earnings release may include discussions of other material developments. The call will also be archived on the company's website for 365 days for those unable to attend live.
Helmerich & Payne, Inc. (NYSE: HP) has announced participation in key investor conferences for January 2021. Key executives, including CEO John Lindsay and CFO Mark Smith, will attend events such as the Goldman Sachs Global Energy Conference on January 6-7 and the ATB 9th Annual Institutional Investor Conference on January 13. Investor slides will be available on the company’s website on January 5. Founded in 1920, Helmerich & Payne focuses on drilling productivity and innovation across global markets.
Helmerich & Payne reported a net loss of $59 million or $(0.55) per share for Q4 2020, down from a $46 million loss in Q3 2020. The revenue fell to $208 million from $317 million in the prior quarter. For the full year, the net loss was $494 million or $(4.60) per share, with operating revenues of $1.8 billion. Key actions included divestment of non-core assets and plans to increase contracted rigs by one-third in Q1 2021. CEO John Lindsay noted the market uncertainty due to COVID-19 but emphasized ongoing enhancements in drilling technology and customer-focused solutions.
Helmerich & Payne (NYSE: HP) will release its fiscal Q4 2020 earnings on November 20, 2020, at 11:00 a.m. ET. CEO John Lindsay and CFO Mark Smith will host a conference call for investors, available via phone and webcast. Key updates on other developments may also be discussed. Domestic participants can dial 866-342-8591, while international listeners can call 203-518-9713, both using the access code 'Helmerich.' Archived audio will be accessible on the company’s website for 365 days after the event.