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.
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. (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.
Helmerich & Payne reported a second-quarter fiscal 2022 net loss of $(0.05) per diluted share, improved from a loss of $(0.48) in the prior quarter. Operating revenues for the quarter were $468 million, an increase from $410 million. Active North America Solutions rigs rose to 171, up 10%. Operating income from this segment was $1.3 million compared to a loss of $28.9 million previously. The Board declared a quarterly cash dividend of $0.25 per share. The company remains committed to maintaining fiscal discipline with capital expenditures between $250-$270 million for the year.
Helmerich & Payne, Inc. (NYSE: HP) invites investors to its fiscal second quarter 2022 earnings conference call on April 28, 2022, at 11:00 a.m. ET. CEO John Lindsay, CFO Mark Smith, and VP of Investor Relations Dave Wilson will discuss earnings and other developments. Investors can join via phone or webcast on the company's website. For those unable to attend live, the call will be archived for 365 days. Helmerich & Payne focuses on drilling productivity and technology, ensuring reliability and integrity in its operations.
Helmerich & Payne (NYSE: HP) announced participation in investor conferences throughout March 2022. Key executives include John Lindsay (CEO), Mark Smith (CFO), and Dave Wilson (VP of Investor Relations). Events include the Fearnley Securities Seminar on March 16, where Mr. Smith will present, the Piper Sandler Energy Conference on March 22-23, and the NYSE Energy & Utilities Access Day on March 24. Investor information is available for download on their website.
Helmerich & Payne reported a net loss of $51 million for Q1 fiscal 2022, equating to $(0.48) per diluted share. This is an improvement from a $79 million net loss in Q4 fiscal 2021. Operating revenues rose to $410 million, up from $344 million. The company successfully increased its active rig count to 154, reflecting a 20% rise. Notable factors included a $60 million expense from redeeming 2025 Notes. The quarterly cash dividend was declared at $0.25 per share, payable February 28, 2022. Expectations for Q2 include increased margins, with North America Solutions projected between $100-$115 million.