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 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.
Helmerich & Payne, Inc. (NYSE: HP) will release its fiscal first quarter 2022 earnings on February 1, 2022, at 11:00 a.m. ET. A conference call featuring key executives, including CEO John Lindsay and CFO Mark Smith, will discuss the earnings and any major developments. Investors can access the call via phone or audio webcast, with information available on the company’s website. The call will also be archived for 365 days for those unable to attend live.
Helmerich & Payne, Inc. (NYSE: HP) announced participation in January 2022 investor conferences. Senior executives will represent the company at notable events, including the Goldman Sachs Global Energy and Clean Technology Conference on January 5, with Trey Adams participating in a virtual panel at 10:20 a.m. ET. Additionally, they will attend the ATB 10th Annual Institutional Investor Conference on January 12. Investor presentation slides will be available on their website on January 3.
ADNOC Drilling and Helmerich & Payne have finalized the Rig Enablement Framework Agreement, enhancing operational performance and efficiency across ADNOC Drilling's land rig fleet. This partnership aims to streamline operations, reduce costs, and support ADNOC's ambitious growth plans. The agreement builds on previous collaborations and is expected to yield significant operational savings. H&P's commitment includes a $100 million cornerstone investment in ADNOC's IPO, which raised over $1.1 billion, reflecting strong investor confidence.
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Helmerich & Payne reported a net loss of $79 million or $(0.74) per diluted share for Q4 FY2021, compared to a net loss of $56 million in the previous quarter. Revenues rose by $12 million to $344 million, while expenses increased by $18 million to $224 million. The North America Solutions segment showed a 5% increase in active rigs, totaling 127, with expectations to reach 152-157 rigs in Q1 FY2022. Additionally, the company executed an $86.5 million sale of eight rigs to ADNOC Drilling and a $100 million investment in their IPO. A quarterly cash dividend of $0.25 is declared.
Helmerich & Payne, Inc. (NYSE: HP) announced a conference call on November 18, 2021, at 11:00 a.m. ET to discuss its fiscal fourth quarter 2021 earnings. CEO John Lindsay, CFO Mark Smith, and VP of Investor Relations Dave Wilson will participate. Investors can access the call via phone or audio webcast. For those unable to attend, the call will be archived on the company’s website for 365 days. Helmerich & Payne, founded in 1920, is committed to delivering industry-leading drilling productivity and reliability.