Helmerich & Payne, Inc., together with its subsidiaries, provides drilling services and solutions for exploration and production companies. The company operates through three segments: North America Solutions, Offshore Gulf of Mexico, and International Solutions. The North America Solutions segment drills primarily in Colorado, Ohio, Oklahoma, New Mexico, North Dakota, Pennsylvania, Texas, West Virginia, and Wyoming. It also focuses on developing, promoting, and commercializing technologies designed to enhance the drilling operations, as well as wellbore quality and placement. The Offshore Gulf of Mexico segment has drilling operations in Louisiana and in U.S. federal waters in the Gulf of Mexico. The International Solutions segment conducts drilling operations in Argentina, Bahrain, Colombia, and the United Arab Emirates. As of September 30, 2020, the company operated a fleet of 262 land rigs in North America; 32 international land rigs; and 8 offshore platform rigs. It also owns, develops, and operates commercial real estate properties. The company's real estate investments include a shopping center comprising approximately 389,000 leasable square feet; retail and multi-tenant warehouse space; and approximately 210 acres of undeveloped real estate located in Tulsa, Oklahoma. Helmerich & Payne, Inc. was founded in 1920 and is headquartered in Tulsa, Oklahoma.
IPO Year:
Exchange: NYSE
Website: hpinc.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/19/2025 | $19.00 | Buy → Neutral | Citigroup |
| 5/9/2025 | $28.00 → $26.00 | Hold | TD Cowen |
| 3/27/2025 | $27.00 | Underweight | Morgan Stanley |
| 1/15/2025 | $48.00 → $39.00 | Outperform → In-line | Evercore ISI |
| 1/10/2025 | $40.00 | Neutral → Buy | Citigroup |
| 1/16/2024 | Buy → Hold | The Benchmark Company | |
| 1/10/2024 | $44.00 → $40.00 | Overweight → Equal Weight | Barclays |
| 1/8/2024 | $47.00 → $41.00 | Overweight → Neutral | Piper Sandler |
| 1/2/2024 | Buy → Neutral | Seaport Research Partners | |
| 7/19/2023 | Hold → Buy | The Benchmark Company |
Helmerich & Payne, Inc. (NYSE:HP) announced today it has engaged Eastdil Secured, a national commercial brokerage firm, to explore future options for Utica Square. "We are proud of our ownership of Utica Square since 1964 and are deeply grateful for Tulsa's longstanding support," said John Lindsay, president and CEO. "At the same time, we are beginning to explore opportunities with a strategic partner or buyer that can take the Square into the future. This exercise is consistent with a larger companywide review of all our assets following the largest acquisition in our history and the timing is right for us to explore the future possibilities for this exceptional property." About Helmeric
Helmerich & Payne, Inc. (NYSE:HP) today reported financial results for its fiscal second quarter ended on March 31, 2025. Operating and Financial Highlights Completed the acquisition of KCA Deutag, representing a major milestone in the Company's long-term international growth strategy H&P now expects to realize in excess of $25 million in expense synergies associated with the KCA Deutag acquisition; additionally we have identified further permanent cost savings that when aggregated with the synergies, we would expect the overall cost structure to be reduced by $50 to $75 million Reported net income of $1.7 million, or $0.01 per diluted share, from operating revenues of $1.0 billion f
In conjunction with Helmerich & Payne, Inc.'s (NYSE:HP) fiscal second quarter 2025 earnings release, you are invited to listen to its conference call on Thursday, May 8, 2025, at 11:00 a.m. (ET) with John Lindsay, President and CEO, Kevin Vann, Senior Vice President and CFO, and Dave Wilson, Vice President of Investor Relations. The earnings release and presentation for the quarterly results will be available on the company's website at hpinc.com. Investors may listen to the conference call either by phone or audio webcast. What: Helmerich & Payne, Inc.'s Fiscal Second Quarter 2025 Earnings Release. Other material developments may also be discussed. Whe
Helmerich & Payne, Inc. (NYSE:HP) today announced that John Lindsay, President and Chief Executive Officer; Kevin Vann, Senior Vice President and Chief Financial Officer; and Dave Wilson, Vice President of Investor Relations plan to participate in the following investor conferences during the month of March 2025. Participation by the management team will vary by event. The Piper Sandler 25th Annual Energy Conference on Tuesday and Wednesday, March 18-19, 2025; Lindsay will participate in a panel discussion on behalf of the Company on Wednesday, March 19, 2025 at 10:45 a.m. U.S. PT. The NYSE Energy & Utilities Virtual Investor Access Day on Thursday, March 20, 2025. Market Update: Sub
Helmerich & Payne, Inc. (NYSE:HP) reported net income of $55 million, or $0.54 per diluted share, from operating revenues of $677 million for the quarter ended December 31, 2024, compared to net income of $75 million, or $0.76 per diluted share, from operating revenues of $694 million for the quarter ended September 30, 2024. The net income per diluted share for the first quarter of fiscal 2025 and fourth quarter of fiscal year 2024 include net $(0.17) and $0.00 of after-tax gains and losses, respectively, comprised of select items(1). Net cash provided by operating activities was $158 million for the first quarter of fiscal year 2025 compared to net cash provided by operating activities
Helmerich & Payne, Inc. (NYSE:HP) ("H&P" or the "Company") today announced that it has completed its acquisition of KCA Deutag International Limited ("KCA Deutag"), establishing a global leader in onshore drilling. President and CEO of H&P, John Lindsay, commented, "We are excited to complete this transformative acquisition and welcome KCA Deutag's talented employees to H&P. Today marks an important milestone for our company, customers and shareholders as we create an organization with an enhanced global footprint, exceptional service capability and superior technology offering. We are focused on ensuring a seamless transition and delivering on the strategic and financial benefits of the
In conjunction with Helmerich & Payne, Inc.'s (NYSE:HP) fiscal first quarter 2025 earnings release, you are invited to listen to its conference call on Thursday, February 06, 2025, at 11:00 a.m. (ET) with John Lindsay, President and CEO, Kevin Vann, Senior Vice President and CFO, and Dave Wilson, Vice President of Investor Relations. The earnings release and presentation for the quarterly results will be available on the company's website at www.helmerichpayne.com. Investors may listen to the conference call either by phone or audio webcast. What: Helmerich & Payne, Inc.'s Fiscal First Quarter 2025 Earnings Release. Other material developments may also be d
Helmerich & Payne, Inc. (NYSE:HP) (H&P or the Company) today announced that it has released its 2024 Sustainability Report outlining the Company's sustainability efforts and performance for its fiscal year ended September 30, 2024. President and CEO John Lindsay stated, "I am pleased to share H&P's 2024 Sustainability Report, which highlights the progress we've made over the past year in advancing our sustainability efforts and delivering responsible energy solutions. This report reflects our ongoing commitment to providing transparency of our non-financial data while underscoring the dedication of our employees who are the driving force behind our success. As we navigate an evolving ener
The Company reported fiscal fourth quarter and fiscal year 2024 net income of $0.76 and $3.43 per diluted share, respectively, including select items(1) that had a neutral impact on fiscal fourth quarter diluted earnings per share and a $(0.07) per share impact on fiscal year diluted share The North America Solutions ("NAS") segment exited the fourth quarter of fiscal year 2024 with 151 active rigs and recognized revenue per day of approximately $39,100/day with associated direct margins(2) per day of $19,800/day during the quarter Quarterly NAS operating income decreased $8 million sequentially to $156 million; while direct margins(2) decreased $3 million to approximately $275 mil
Falcon Oil & Gas Ltd.("Falcon" or "Company") Beetaloo Operations Update 12 November 2024 – Falcon Oil & Gas Ltd. (TSXV:FO, AIM: FOG)) notes the release of Tamboran Resources Corporation 1Q FY25 results and provides an update on operations in exploration permit 98 in the Beetaloo Sub-basin, Northern Territory, Australia with Falcon Oil & Gas Australia Limited's ("Falcon Australia") joint venture partner, Tamboran (B2) Pty Limited ("Tamboran B2"). On 30 August 2024 Falcon announced the 2024 drilling programme with the spudding of the Shenandoah South 2H ("SS2H") horizontal well in EP98 with the Helmerich & Payne (NYSE:HP) FlexRig® super-spec rig. The SS2H well
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Citigroup downgraded Helmerich & Payne from Buy to Neutral and set a new price target of $19.00
TD Cowen reiterated coverage of Helmerich & Payne with a rating of Hold and set a new price target of $26.00 from $28.00 previously
Morgan Stanley resumed coverage of Helmerich & Payne with a rating of Underweight and set a new price target of $27.00
Evercore ISI downgraded Helmerich & Payne from Outperform to In-line and set a new price target of $39.00 from $48.00 previously
Citigroup upgraded Helmerich & Payne from Neutral to Buy and set a new price target of $40.00
The Benchmark Company downgraded Helmerich & Payne from Buy to Hold
Barclays downgraded Helmerich & Payne from Overweight to Equal Weight and set a new price target of $40.00 from $44.00 previously
Piper Sandler downgraded Helmerich & Payne from Overweight to Neutral and set a new price target of $41.00 from $47.00 previously
Seaport Research Partners downgraded Helmerich & Payne from Buy to Neutral
The Benchmark Company upgraded Helmerich & Payne from Hold to Buy
Helmerich & Payne, Inc. (NYSE:HP) today reported financial results for its fiscal second quarter ended on March 31, 2025. Operating and Financial Highlights Completed the acquisition of KCA Deutag, representing a major milestone in the Company's long-term international growth strategy H&P now expects to realize in excess of $25 million in expense synergies associated with the KCA Deutag acquisition; additionally we have identified further permanent cost savings that when aggregated with the synergies, we would expect the overall cost structure to be reduced by $50 to $75 million Reported net income of $1.7 million, or $0.01 per diluted share, from operating revenues of $1.0 billion f
In conjunction with Helmerich & Payne, Inc.'s (NYSE:HP) fiscal second quarter 2025 earnings release, you are invited to listen to its conference call on Thursday, May 8, 2025, at 11:00 a.m. (ET) with John Lindsay, President and CEO, Kevin Vann, Senior Vice President and CFO, and Dave Wilson, Vice President of Investor Relations. The earnings release and presentation for the quarterly results will be available on the company's website at hpinc.com. Investors may listen to the conference call either by phone or audio webcast. What: Helmerich & Payne, Inc.'s Fiscal Second Quarter 2025 Earnings Release. Other material developments may also be discussed. Whe
Helmerich & Payne, Inc. (NYSE:HP) today announced that John Lindsay, President and Chief Executive Officer; Kevin Vann, Senior Vice President and Chief Financial Officer; and Dave Wilson, Vice President of Investor Relations plan to participate in the following investor conferences during the month of March 2025. Participation by the management team will vary by event. The Piper Sandler 25th Annual Energy Conference on Tuesday and Wednesday, March 18-19, 2025; Lindsay will participate in a panel discussion on behalf of the Company on Wednesday, March 19, 2025 at 10:45 a.m. U.S. PT. The NYSE Energy & Utilities Virtual Investor Access Day on Thursday, March 20, 2025. Market Update: Sub
Helmerich & Payne, Inc. (NYSE:HP) reported net income of $55 million, or $0.54 per diluted share, from operating revenues of $677 million for the quarter ended December 31, 2024, compared to net income of $75 million, or $0.76 per diluted share, from operating revenues of $694 million for the quarter ended September 30, 2024. The net income per diluted share for the first quarter of fiscal 2025 and fourth quarter of fiscal year 2024 include net $(0.17) and $0.00 of after-tax gains and losses, respectively, comprised of select items(1). Net cash provided by operating activities was $158 million for the first quarter of fiscal year 2025 compared to net cash provided by operating activities
In conjunction with Helmerich & Payne, Inc.'s (NYSE:HP) fiscal first quarter 2025 earnings release, you are invited to listen to its conference call on Thursday, February 06, 2025, at 11:00 a.m. (ET) with John Lindsay, President and CEO, Kevin Vann, Senior Vice President and CFO, and Dave Wilson, Vice President of Investor Relations. The earnings release and presentation for the quarterly results will be available on the company's website at www.helmerichpayne.com. Investors may listen to the conference call either by phone or audio webcast. What: Helmerich & Payne, Inc.'s Fiscal First Quarter 2025 Earnings Release. Other material developments may also be d
The Company reported fiscal fourth quarter and fiscal year 2024 net income of $0.76 and $3.43 per diluted share, respectively, including select items(1) that had a neutral impact on fiscal fourth quarter diluted earnings per share and a $(0.07) per share impact on fiscal year diluted share The North America Solutions ("NAS") segment exited the fourth quarter of fiscal year 2024 with 151 active rigs and recognized revenue per day of approximately $39,100/day with associated direct margins(2) per day of $19,800/day during the quarter Quarterly NAS operating income decreased $8 million sequentially to $156 million; while direct margins(2) decreased $3 million to approximately $275 mil
In conjunction with Helmerich & Payne, Inc.'s (NYSE:HP) fiscal fourth quarter 2024 earnings release, you are invited to listen to its conference call on Thursday, November 14, 2024, at 11:00 a.m. (ET) with John Lindsay, President and CEO, Kevin Vann, Senior Vice President and CFO, and Dave Wilson, Vice President of Investor Relations. Investors may listen to the conference call either by phone or audio webcast. What: Helmerich & Payne, Inc.'s Fiscal Fourth Quarter 2024 Earnings Release. Other material developments may also be discussed. When: 11:00 a.m. ET (10:00 a.m. CT), Thursday, November 14, 2024 Via Phone:
Establishes H&P as a global leader in onshore drilling Immediately accretive to cash flow and free cash flow per share Enhances scale and diversification, now with leading positions in the U.S. and Middle East, the two most prominent oil and gas producing regions in the world Increases H&P's Middle East rig count(1) from 12 rigs to 88 rigs; positioning the Company as one of the largest rig providers in the Middle East market Expects to maintain its high-quality investment grade credit rating Adds complementary, asset-light global offshore management contract business and manufacturing and engineering operations in Europe and Middle East H&P to host a conference call to di
The Company reported fiscal third quarter net income of $89 million, or $0.88 per diluted share; including select items(1) of $(0.04) per diluted share The North America Solutions ("NAS") segment exited the third quarter of fiscal year 2024 with 146 active rigs and recognized revenue per day of $39,800/day with associated direct margins(2) per day of $20,300/day during the quarter Quarterly NAS operating income increased $16 million sequentially; while direct margins(2) increased by $6 million to $277 million, as revenues increased by $6 million to $620 million and expenses remained relatively flat at $343 million H&P's NAS segment anticipates exiting the fourth quarter of fisc
In conjunction with Helmerich & Payne, Inc.'s (NYSE:HP) fiscal third quarter 2024 earnings release, you are invited to listen to its conference call on Thursday, July 25, 2024, at 11:00 a.m. (ET) with John Lindsay, President and CEO, Mark Smith, Senior Vice President and CFO, and Dave Wilson, Vice President of Investor Relations. Investors may listen to the conference call either by phone or audio webcast. What: Helmerich & Payne, Inc.'s Fiscal Third Quarter 2024 Earnings Release. Other material developments may also be discussed. When: 11:00 a.m. ET (10:00 a.m. CT), Thursday, July 25, 2024
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Helmerich & Payne, Inc. (NYSE:HP) today announced that Mark W. Smith, Senior Vice President and Chief Financial Officer, has informed the Company of his intention to retire in August of 2024. The Company has commenced a search process to identify CFO candidates. Mr. Smith will continue to serve in his current role until a successor is identified and has an opportunity to effectively transition into that position. Accordingly, Mr. Smith will remain as a senior advisor to the Company until December 2024 after his retirement date. President and CEO John Lindsay commented, "During Mark's nearly six-year tenure, he has played a pivotal role in helping navigate some of the most difficult times
Falcon Oil & Gas Ltd.("Falcon") Operational Update including the Successful Drilling of Amungee NW 3H Horizontal Well 16 October 2023 - Falcon Oil & Gas Ltd. (TSXV:FO, AIM: FOG))) is pleased to announce that drilling operations on the Amungee NW 3H ("A3H") well in EP98 have been successfully completed with Falcon Oil & Gas Australia Limited's joint venture partner, Tamboran (B2) Pty Limited. Details of operations are as follows: The A3H well was drilled, cased and cemented to a total measured depth ("TD") of 3,837 metres, including a horizontal section of 1,100 metres in the Amungee Member B-shale.The well intersected the Amungee Member B-shale at a total vertical depth ("TVD") of 2,272
Helmerich & Payne, Inc. (NYSE:HP) today announced that Elizabeth Killinger was appointed to the Company's Board of Directors. Killinger is currently Executive Vice President, NRG Home, a division of NRG Energy, Inc. (NYSE:NRG), which provides residential power and gas services to millions of customers through multiple brands and channels in the United States and Canada. She has over 30 years of domestic and international experience in the energy and services industries, including 20 years with NRG and its predecessors. Prior to joining NRG, Killinger spent a decade providing strategy, management and systems consulting to energy, oilfield services and retail distribution companies across t
Helmerich & Payne, Inc. (NYSE:HP) today announced that Belgacem Chariag was appointed to the Company's Board of Directors. Chariag is currently the Chairman, President and Chief Executive Officer of PQ Group Holdings, a leading integrated and innovative global provider of specialty catalysts, materials, chemicals and services. He served in multiple positions with Baker Hughes in his 9-year tenure where he rose to Chief Global Operations Officer. Prior to that role he served as President, Eastern Hemisphere; President, Global Products and Services; Chief Integration Officer; and President Global Operations. He also held various senior level positions during his 20-years with Schlumberger.
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