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) announced the appointment of Belgacem Chariag to its Board of Directors, expanding it to 12 members. Chariag brings extensive experience from his roles as Chairman, President, and CEO of PQ Group Holdings, and previous leadership positions at Baker Hughes and Schlumberger. Chairman Hans Helmerich highlighted Chariag's valuable perspective on oil field services and energy markets, aiming to enhance the company's strategic direction amidst a changing industry landscape.
Helmerich & Payne reported a net loss of $56 million, or $(0.52) per diluted share, for Q3 2021, reflecting improved revenues of $332 million compared to a $121 million loss on $296 million in Q2 2021. Operating cash flow declined to $31 million, down from $78 million in the prior quarter. The North America Solutions segment saw reduced operating losses and improved gross margins due to higher rig activity. The company anticipates increased activity and pricing in Q4 2021, alongside strategic investments in geothermal energy and cost-saving measures projected to yield $7 million annually.
Helmerich & Payne, Inc. (NYSE: HP) will host a conference call to discuss its fiscal third quarter 2021 earnings on July 29, 2021, at 11:00 a.m. EDT. The call will feature CEO John Lindsay, CFO Mark Smith, and VP of Investor Relations Dave Wilson. Participants can join via phone or audio webcast, accessible through the company's website. This event will address financial results and other material developments. Archived access will be available for 365 days following the call.
Helmerich & Payne, listed on NYSE as HP, has announced participation in several investor conferences in June 2021. Key executives, including CEO John Lindsay and CFO Mark Smith, will represent the company. The conferences include the Wells Fargo Energy Conference on June 3, RBC Capital Markets Global Energy Conference on June 8, TPH Hotter ’N Hell Conference on June 10, and the J.P. Morgan Energy Conference on June 22-23. Investor slides will be available for download on the company's website from June 1, 2021.
Helmerich & Payne reported a net loss of $121 million, or $(1.13) per diluted share, for Q2 FY2021, against revenues of $296 million. This compares to a net loss of $70 million in Q1 FY2021 on revenues of $246 million. Despite the losses, the company highlighted improved cash flow from operations, totaling $78 million. H&P's strategic focus includes leveraging technology to enhance drilling operations and maintaining financial discipline in capital spending. The company finished the quarter with $562 million in cash and a debt-to-cap ratio of 14%.
Helmerich & Payne, Inc. (NYSE: HP) invites investors to its fiscal Q2 2021 earnings conference call on April 30, 2021, at 11:00 a.m. ET. The call will feature CEO John Lindsay and CFO Mark Smith. Participants can join via phone or audio webcast. The earnings release will cover financial results and other significant developments. Investors can access the presentation on the company's investor relations website. Founded in 1920, Helmerich & Payne focuses on drilling productivity and reliability, offering advanced technologies in the industry.
Helmerich & Payne, Inc. (NYSE: HP) announced participation in several investor conferences during February and March 2021. Key executives, including President John Lindsay and CFO Mark Smith, will represent the company at events like the Barclays IG/HY Energy and Pipeline Corporate Credit Days on February 25 and the Evercore ISI Elite Energy Summit on March 16-17. Investor presentation slides will be available on the company’s website starting February 24, 2021, showcasing H&P's commitment to drilling productivity and reliability.
Helmerich & Payne (NYSE: HP) reported a net loss of $70 million for Q1 2021, or $(0.66) per diluted share, down from a loss of $59 million in Q4 2020. Operating revenues rose to $246 million, driven by increased rig activity, though costs associated with reactivating rigs impacted margins. Cash and short-term investments totaled $524 million, with a debt-to-cap ratio of 13%. CEO John Lindsay expressed cautious optimism about market share gains, but acknowledged ongoing challenges due to COVID-19 uncertainties. Performance-based contracts contributed positively, but the company highlighted necessary improvements in cost management.
Helmerich & Payne is set to release its fiscal first quarter 2021 earnings on February 10, 2021, at 11:00 a.m. (ET). The conference 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. This earnings release may include discussions of other material developments. The call will also be archived on the company's website for 365 days for those unable to attend live.
Helmerich & Payne, Inc. (NYSE: HP) has announced participation in key investor conferences for January 2021. Key executives, including CEO John Lindsay and CFO Mark Smith, will attend events such as the Goldman Sachs Global Energy Conference on January 6-7 and the ATB 9th Annual Institutional Investor Conference on January 13. Investor slides will be available on the company’s website on January 5. Founded in 1920, Helmerich & Payne focuses on drilling productivity and innovation across global markets.
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