Helmerich & Payne declares $0.17 supplemental dividend, plans $450-500M FY2024 capex, $168M shareholder returns

Helmerich & Payne, Inc.

Declared $0.17/share supplemental dividend, payable Dec 4, 2023; base dividend $0.25/share declared Sep 6.
FY2024 shareholder return plan projects ~$168M total: ~$100M base dividends + ~$68M supplemental dividends.
FY2024 capex $450-500M; 60% for North America Solutions, 33% for international growth.
Q4 '23 North America direct margins guided $230-260M; International margins lowered to $4-6M due to pulled-forward costs.
FY2023 capex still ~$400M; $249M in share repurchases in FY2023 (~6% of shares outstanding).

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Helmerich & Payne, Inc. updated its fiscal year 2024 guidance (initiated).

Period: fiscal year 2024
Guidance: initiated
Result: guidance update

Exact text from the filing

On October 18, 2023, Helmerich & Payne, Inc. (the “Company”) issued a press release announcing, among other things, certain financial and operating guidance for its fourth fiscal quarter and year ended September 30, 2023.

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Source: SEC EDGAR

accession 0000046765-23-000056

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