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. (NYSE: HP) is a drilling contractor focused on performance-driven drilling solutions and technologies for oil and gas wells. Founded in 1920 and active in the drilling oil and gas wells industry, the company regularly issues news updates that reflect its operational, financial and strategic activities across North America, international markets and offshore environments.
This news page aggregates announcements such as quarterly and annual earnings results, operating highlights for the North America Solutions, International Solutions and Offshore Solutions segments, and guidance related to rig counts, capital expenditures and margins. Investors can follow updates on topics like rig deployments and reactivations, including notices to recommence operations on land rigs in regions such as Saudi Arabia, as well as commentary on the integration of acquired operations like KCA Deutag.
Company news also covers leadership and governance developments. Recent releases have detailed promotions within the executive team, including the appointment of Raymond John “Trey” Adams III as President and his planned succession to Chief Executive Officer following the 2026 Annual Meeting of Stockholders, along with other senior leadership changes in land and offshore operations.
In addition, Helmerich & Payne routinely announces conference calls and webcasts to discuss fiscal results, where management may address segment performance, technology initiatives, drilling productivity, capital allocation and dividends. By following HP news, readers can track how the company manages its global rig fleet, advances drilling automation and directional drilling technologies, and responds to market conditions in the oil and gas sector.
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.