secwatch.observer — SEC 8-K summary
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Issuer:     Helmerich & Payne, Inc. (HP)
CIK:        0000046765
Form:       8-K
Filed at:   2023-10-18T23:59:59+00:00
Accession:  0000046765-23-000056
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46765/000004676523000056/0000046765-23-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46765/000004676523000056/hp-20231017.htm
  HTML page:      https://secwatch.observer/filing/0000046765-23-000056

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer