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Helmerich & Payne, Inc. - $HP STOCK NEWS

Welcome to our dedicated page for Helmerich & Payne news (Ticker: $HP), a resource for investors and traders seeking the latest updates and insights on Helmerich & Payne stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Helmerich & Payne's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Helmerich & Payne's position in the market.

Rhea-AI Summary
Helmerich & Payne, Inc. (NYSE: HP) announced its fiscal 2024 Supplemental Shareholder Return Plan, projecting approximately $168 million for shareholders in fiscal year 2024. The company reported fiscal fourth quarter and fiscal year 2023 net income of $0.77 and $4.16 per diluted share, respectively. The North America Solutions segment saw an increase in revenue per day to $37,300/day, but operating income and direct margins decreased sequentially. H&P expects to exit the first quarter of fiscal year 2024 with 150-156 active rigs and anticipates capital expenditures for fiscal year 2024 to range between $450 and $500 million.
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Eden, a leader in sustainable natural resource recovery, has closed an oversubscribed $12M seed funding round. The company will use the funds to scale its Electrical Reservoir Stimulation technology across various applications, including geothermal, geologic hydrogen, geologic carbon storage, and sustainable mining. The U.S. Department of Energy recently highlighted the need for innovative reservoir stimulation techniques to unlock renewable power potential. Eden's technology enables operators to increase rock permeability and enhance reservoir productivity, leading to economic viability and reduced environmental impact.
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H&P announces its fiscal 2024 Supplemental Shareholder Return Plan, projecting approximately $168 million in cash returns to shareholders. The plan includes established base dividends, supplemental dividends, and unallocated cash. Capital expenditures for fiscal year 2024 are expected to range between $450 and $500 million, with a focus on North America Solutions and international growth.
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Helmerich & Payne, Inc. executives to participate in investor conferences in September 2023.
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Helmerich & Payne, Inc.

NYSE:HP

HP Rankings

HP Stock Data

3.80B
95.13M
3.38%
108%
11.28%
Drilling Oil and Gas Wells
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
TULSA

About HP

helmerich & payne, inc. is a leading global drilling contractor with activities in the u.s., latin america, the middle east, africa and the gulf of mexico. h&p is an industry leader in innovation, a fact most notably demonstrated by its ac flexrig® technology. h&p owns and operates the largest land fleet of ac drive drilling rigs in the world and stands as the leading u.s. unconventional driller. h&p has been a top industry performer for 95 years and is committed to maintaining this reputation through its unparalleled innovation and service. to apply for a rig-based or field position, visit http://www.hpinc.com/careers/job-postings/drilling-field-operations.