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, Inc. (NYSE: HP) will release its fiscal first quarter 2023 earnings on January 31, 2023, at 11:00 a.m. ET. The conference call will feature key executives including CEO John Lindsay and CFO Mark Smith. Investors can participate via phone or audio webcast. For those unable to attend live, the call will be archived on the company’s website for 365 days. Helmerich & Payne is known for its commitment to drilling productivity, reliability, and innovation since 1920.
Helmerich & Payne (NYSE: HP) announced participation in investor conferences in January 2023. Key figures, including CEO John Lindsay and CFO Mark Smith, will engage in discussions at major events like the Goldman Sachs Global Energy and Clean Technology Conference on January 5-6, and the ATB 11th Annual Institutional Investor Conference on January 11. Investor slides will be available on the company's website from January 4, 2023. Helmerich & Payne is known for its drilling productivity and innovative technologies since its establishment in 1920.
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Helmerich & Payne reported a fiscal Q4 net income of $46 million, or $0.42 per diluted share, marking a significant increase from last quarter's $18 million. The company projected nearly $210 million in combined dividends for FY2023. Revenue rose by $66 million to $552 million, while direct margins improved by $36 million to $203 million. H&P anticipates increasing active rigs to between 181-186 in Q1 FY2023 and a total of 192 for the fiscal year. The capex budget is set between $425 and $475 million to support growth and operational expansion.
Helmerich & Payne, Inc. (HP) announced a supplemental shareholder return plan for fiscal 2023, projected to provide approximately $100 million in additional dividends. The Company aims to reactivate up to 16 rigs by March 31, 2023, increasing active rigs from 176 to an upper target of 192. The capital expenditures for FY 2023 are set between $425 million and $475 million, reflecting efforts in North America and international markets. HP's strong financial position allows flexibility for investments and returns to shareholders.
Helmerich & Payne, Inc. (NYSE: HP) announced that key executives will participate in several investor conferences in September 2022. Mark Smith, CFO, will engage in a fireside chat at the Barclays CEO Energy-Power Conference on September 8 at 8:35 a.m. ET. Additionally, the company will attend the NYSE Energy & Utilities Investor Access Day on September 14. Investor presentation slides are available for download on the company's website. Established in 1920, Helmerich & Payne is dedicated to drilling productivity and innovation in the energy sector.
Helmerich & Payne reported a fiscal Q3 net income of $18 million ($0.16 per diluted share), recovering from a net loss of $5 million in Q2. Operating revenues increased to $550 million from $468 million. North America Solutions segment showed strong performance with a $56 million operating income increase, while direct margins rose to $168 million. The company anticipates North America Solutions direct margins to rise by around 15% in Q4. A quarterly dividend of $0.25 per share has been declared. However, the International Solutions segment struggled with a $6.6 million operating loss.
Helmerich & Payne, Inc. (NYSE: HP) will hold its fiscal third quarter 2022 earnings conference call on Thursday, July 28, 2022, at 11:00 a.m. ET. The 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, with domestic access at 877-830-2596 and international at 785-424-1881. The call will also be archived for 365 days on the company's website for future access.
Helmerich & Payne (NYSE: HP) announced its participation in the J.P. Morgan 2022 Energy, Power & Renewables Conference in New York City on June 22-23, 2022. Key executives, including CEO John Lindsay and CFO Mark Smith, will engage with investors. Lindsay is scheduled to lead an analyst Q&A session on June 23 at 10:20 a.m. ET. Investor presentation materials are available for download on the company's website.
Helmerich & Payne, Inc. (NYSE: HP) will participate in key investor conferences throughout May 2022. Notable events include Citi’s 2022 Global Energy, Utilities and Climate Technology Conference on May 10-11, where CEO John Lindsay will engage in a fireside chat on May 11 at 10:15 a.m. ET. Additionally, the company will attend the TPH Hotter ’N Hell Conference on May 19. Investor presentation slides will be available on their website on May 9.
Founded in 1920, Helmerich & Payne specializes in high-performance drilling services globally, focusing on innovation and safety.