secwatch.observer — SEC 8-K summary
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Issuer:     Helmerich & Payne, Inc. (HP)
CIK:        0000046765
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0000046765-26-000025
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

H&P Q2 net loss $59M; NAS direct margin $215M; CFO Vann to retire
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- Consolidated revenue $932M; net loss $(59)M ($0.59 per share); adjusted net loss $(38)M ($0.38 per share).
- North America Solutions operating income $111M, direct margin $215M ($17,628/day) with 136 rigs.
- International Solutions operating loss ~$100M incl. $26M impairment; Offshore operating income $14M.
- Completed Utica Square sale with after-tax proceeds >$100M; retired term loan early, reducing debt by $400M.
- CFO Kevin Vann retiring; Todd Scruggs to succeed. Q3 guidance: NAS direct margin $230-240M, avg rigs 137-143.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46765/000004676526000025/0000046765-26-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46765/000004676526000025/hp-20260506.htm
  HTML page:      https://secwatch.observer/filing/0000046765-26-000025

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