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 (NYSE: HP) announced reactivation notices for seven land rigs in Saudi Arabia, with reactivations staged through the first half of calendar 2026. Per contract terms, days accrued during suspension will be added to each rig’s remaining term. The company said these moves follow the KCA Deutag acquisition and reflect strengthening Middle East activity.
By mid-2026 H&P expects to operate 24 rigs in Saudi Arabia (8 proprietary FlexRigs and 16 from KCA Deutag). As of Nov 17, 2025, H&P reports a global fleet of 203 US land rigs, 137 international land rigs, and 5 offshore platform rigs, plus ~30 offshore labor contracts.
Tamboran Resources (NYSE: TBN, ASX: TBN) raised US$56.1 million (US$52.5 million net) by issuing 2,673,111 common shares at US$21.00 per share; underwriters exercised an option for an additional 348,666 shares on October 23, 2025.
Concurrently Tamboran entered a PIPE for expected gross proceeds of up to US$29.3 million (including US$6.6 million from Bryan Sheffield and Scott Sheffield, subject to shareholder approval) and announced a CDI Share Purchase Plan targeting up to US$30 million (A$0.162 per CDI, a 19.84% discount) to eligible retail holders from October 30 to November 20, 2025.
Proceeds will fund the Beetaloo Basin development plan, working capital and general corporate purposes; Baker Hughes committed US$10 million and agreed a preferred services arrangement for up to 20 wells or three years.
Helmerich & Payne (NYSE: HP) will hold a conference call and webcast to discuss fiscal fourth quarter 2025 results on Tuesday, November 18, 2025 at 11:00 a.m. ET (10:00 a.m. CT). CEO John Lindsay and SVP & CFO Kevin Vann will lead the call. The earnings release and presentation will be posted at hpinc.com under Investors > News & Events – Event & Presentations.
Investors can join via domestic phone at 800-245-3047 (Access Code: Helmerich), international at 203-518-9765 (Access Code: Helmerich), or via live audio webcast. The webcast replay will be archived for 365 days on the company website.
Helmerich & Payne (NYSE: HP) announced significant leadership changes effective October 1, 2025. Trey Adams has been promoted to President, becoming only the 5th president in the company's 105-year history. Additionally, Mike Lennox and John Bell have been elevated to Executive Vice Presidents of Western and Eastern Hemisphere Land operations, respectively.
The restructuring comes as HP, the world's leading land driller, completes the initial integration of the KCAD acquisition. The company's current fleet includes 224 land rigs in the United States, 153 international land rigs, and 7 offshore platform rigs. Adams will oversee all revenue-generating business units, focusing on expanding HP's presence in Middle East markets.
Helmerich & Payne (NYSE: HP) announced its management team's participation in two upcoming investor conferences in September 2025. President and CEO John Lindsay, CFO Kevin Vann, and VP of Finance & Treasury Todd Scruggs will represent the company.
The team will attend the Barclays 39th Annual Energy-Power Conference on September 2-3, where Lindsay will participate in a fireside chat on September 2 at 3:35 p.m. ET. Additionally, they will attend the Pickering Energy Conference on September 29-30, 2025.
Helmerich & Payne (NYSE:HP) reported fiscal Q3 2025 results with a net loss of $(163) million, or $(1.64) per share, primarily due to a $173 million non-cash goodwill impairment charge. Adjusted earnings were $22 million ($0.22 per share). The North America Solutions segment posted $158 million operating income with industry-leading direct margins of $266 million.
The International Solutions segment recorded a $(167) million operating loss, including the first full quarter impact of the KCA Deutag acquisition. The company achieved $268 million in consolidated adjusted EBITDA and has identified $50 million in cost synergies from the KCAD transaction. H&P has repaid $120 million of its $400 million term loan and increased its total repayment target to $200 million by end of 2025.
Helmerich & Payne (NYSE:HP) has scheduled its fiscal third quarter 2025 earnings conference call for Thursday, August 7, 2025, at 11:00 a.m. ET. The company's CEO John Lindsay and CFO Kevin Vann will host the call to discuss quarterly results and other material developments.
Investors can participate via phone using domestic (800-343-4136) or international (203-518-9843) numbers with access code "Helmerich", or through the audio webcast available on the company's website. The earnings release and presentation will be accessible at hpinc.com. The webcast recording will remain archived on the company's website for 365 days.
Helmerich & Payne (NYSE: HP) has engaged Eastdil Secured, a national commercial brokerage firm, to explore strategic options for its Utica Square Shopping Center. The company has owned the property since 1964 and is now considering potential partnerships or sale opportunities. This strategic review comes as part of a broader company-wide asset evaluation following what the company describes as its largest acquisition in history. CEO John Lindsay expressed gratitude for Tulsa's support while emphasizing the timing is appropriate to explore future possibilities for the property.
Helmerich & Payne (NYSE: HP) announced its management team's participation in two upcoming investor conferences in May 2025. The company's representatives, including Mike Lennox (Senior Vice President of Americas Operations) and Dave Wilson (Vice President of Investor Relations), will attend the TPH&Co. Hotter 'N Hell 2025 conference on May 14-15 and the Citi 2025 Spotlight on SMID Energy Day on May 22. Management participation will vary by event.