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, 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.