---
schema_version: "secwatch.filing_event.v1"
accession: "0000046765-24-000061"
form_type: "8-K"
ticker: "HP"
cik: "0000046765"
company_name: "Helmerich & Payne, Inc."
filed_at: "2024-10-09T23:59:59+00:00"
generated_at: "2026-05-30T17:33:33.510480+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Helmerich & Payne to sell ADNOC Drilling stake for $197M, proceeds to fund KCA Deutag acquisition

## Summary
- Sold 159.7M ADNOC Drilling shares for ~$197M, up from $100M cornerstone investment.
- Closing expected mid-October; net proceeds to reduce bridge loan commitments for pending KCA Deutag acquisition.
- Realized ~$97M gain on ADNOC Drilling stake; strengthens financial position for acquisition financing.

## SEC filing metadata
- accession: 0000046765-24-000061
- form_type: 8-K
- ticker: HP
- cik: 0000046765
- company_name: Helmerich & Payne, Inc.
- filed_at: 2024-10-09T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/46765/000004676524000061/0000046765-24-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46765/000004676524000061/hp-20241009.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000046765-24-000061
- JSON: https://secwatch.observer/filing/0000046765-24-000061.json
- Plain text: https://secwatch.observer/filing/0000046765-24-000061.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.