---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-082537"
form_type: "8-K"
ticker: "HP"
cik: "0000046765"
company_name: "Helmerich & Payne, Inc."
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:27:13.884071+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# HP to acquire KCA Deutag for $1.9725B, expanding Middle East rig count from 12 to 88

## Summary
- Acquisition price $1.9725B cash; expected close before end of calendar 2024.
- HP's Middle East rig count jumps from 12 to 88 rigs, with 71 in Saudi Arabia, Oman, Kuwait.
- Transaction immediately accretive to cash flow; double-digit FCF accretion expected by 2025.
- HP expects ~$25M run-rate synergies by 2026 from overhead and procurement savings.
- HP to maintain base dividend; supplemental dividend paused during near-term deleveraging.

## SEC filing metadata
- accession: 0001104659-24-082537
- form_type: 8-K
- ticker: HP
- cik: 0000046765
- company_name: Helmerich & Payne, Inc.
- filed_at: 2024-07-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/46765/000110465924082537/0001104659-24-082537-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46765/000110465924082537/tm2420147d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-082537
- JSON: https://secwatch.observer/filing/0001104659-24-082537.json
- Plain text: https://secwatch.observer/filing/0001104659-24-082537.txt

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