Highest-materiality recent filing
Helmerich & Payne Q3 net income $76M, adjusted loss $(0.11)/share; revenue $1.035B
Net income $76M ($0.74/diluted) includes $115M gain on Utica Square sale; adjusted loss $(10)M ($(0.11)/share).
Helmerich & Payne declares $0.25 quarterly dividend
Quarterly cash dividend of $0.25 per share declared on June 3, 2026.
H&P Q2 net loss $59M; NAS direct margin $215M; CFO Vann to retire
Consolidated revenue $932M; net loss $(59)M ($0.59 per share); adjusted net loss $(38)M ($0.38 per share).
CFO Kevin Vann to retire June 30; Todd Scruggs named successor
Kevin Vann, SVP and CFO, to retire effective June 30, 2026; will serve as senior advisor through Dec 31, 2026.
HP shareholders approve amended 2024 omnibus incentive plan and elect all 10 director nominees
Stockholders voted to approve the Amended & Restated 2024 Omnibus Incentive Plan (76.3M for, 4.9M against).
Helmerich & Payne declares $0.25 quarterly dividend, payable June 1, 2026
Dividend of $0.25 per share declared on March 4, 2026 Board meeting.
Helmerich & Payne Q1 net loss $97M on $103M impairment; NAS income down 69%
Net loss $97M ($0.98 diluted EPS) includes $103M non-cash impairment; adjusted loss $14M ($0.15).
HP CEO John Lindsay to retire March 2026; President Trey Adams to succeed
John Lindsay will retire as CEO and director effective March 4, 2026 Annual Meeting.
Helmerich & Payne declares $0.25 quarterly dividend, payable Feb 27, 2026
Dividend of $0.25 per share declared on December 9, 2025.
Helmerich & Payne Q4 net loss $57M ($0.58/sh); sees 7 Saudi rigs resume H1 2026
Consolidated net loss $57M ($0.58 diluted per share); adjusted net loss $1M ($0.01/sh).
Helmerich & Payne promotes Trey Adams to President, effective Oct 1, 2025
Adams, previously SVP Global Commercial, succeeds John Lindsay as President; Lindsay remains CEO.
Helmerich & Payne declares quarterly dividend of $0.25 per share
Quarterly cash dividend set at $0.25 per share, payable Dec 2, 2025.
Helmerich & Payne Q3 net loss $1.64/shr; goodwill impairment $173M
Consolidated net loss $163M ($1.64 diluted loss); adjusted net income $22M ($0.22/shr).
Helmerich & Payne extends exchange offer to July 10; 94-99% of old notes already tendered
Exchange offer extended to 5:00 p.m. ET on July 10, 2025; previously set to expire June 26.
H&P reports 9 additional Saudi rig suspensions; total 26; CEO cites unexpected softening
9 more rigs suspended in Saudi Arabia since May 7 earnings, bringing total to 26 rigs.
Helmerich & Payne declares $0.25 quarterly dividend payable Aug 29, 2025
Quarterly cash dividend of $0.25 per share declared by Board on June 3, 2025.
Pro forma combined revenue of $2.18B for the six months ended March 31, 2025.
Q2 revenue $1.0B; net income $1.7M, diluted EPS $0.01; Adjusted EBITDA $242M.
HP files audited financials of KCA Deutag and pro forma combined statements for Jan 2025 acquisition
KCA Deutag 2024 revenue $1,711.6M, gross profit $266.4M, net loss $85.6M.
Helmerich & Payne declares $0.25 quarterly dividend; board reduced to 10
Board reduced to 10 directors; all nominees elected with strong majority support.
H&P reports Q1 net income down 26% YoY to $55M; KCA Deutag acquisition closed
Diluted EPS $0.54 vs. $0.76 prior quarter; includes $(0.17) in after-tax special items.
HP completes $897M cash acquisition of KCA Deutag; expands Middle East presence
Total consideration ~$897M cash; ~$80M escrowed for potential tax obligations.
Signed Deed of Amendment on Dec 20, 2024; transaction closing set for no earlier than Jan 15, 2025.
Helmerich & Payne declares $0.25 quarterly dividend, payable Feb 28, 2025
Quarterly cash dividend of $0.25 per share declared on December 11, 2024.
Helmerich & Payne Q4 EPS $0.76, FY EPS $3.43; KCA Deutag acquisition on track
Q4 net income $75M ($0.76 diluted), down from $89M ($0.88) in Q3; FY2024 net income $344M ($3.43) includes $(0.07) select items.
Helmerich & Payne to sell ADNOC Drilling stake for $197M, proceeds to fund KCA Deutag acquisition
Sold 159.7M ADNOC Drilling shares for ~$197M, up from $100M cornerstone investment.
Helmerich & Payne issues $1.25B in senior notes to fund KCA Deutag acquisition
Issued $350M of 4.650% senior notes due 2027, $350M of 4.850% notes due 2029, and $550M of 5.500% notes due 2034.
Helmerich & Payne amends bylaws, removes director resignation policy for uncontested elections
Board approved Amended and Restated By-Laws effective Sept 11, 2024.
Helmerich & Payne declares $0.25 quarterly dividend payable Dec 2, 2024
$0.25 per share quarterly cash dividend declared by Board on September 11, 2024.
Helmerich & Payne prices $1.25B senior notes offering in three tranches
$350M at 4.650% due 2027 (99.958%), $350M at 4.850% due 2029 (99.883%), $550M at 5.500% due 2034 (99.670%).
HP announces senior notes offering to fund KCAD acquisition; discloses qualified audit on KCAD
Offering senior unsecured notes; proceeds with term loan and cash to finance KCAD purchase and repay KCAD debt.
Helmerich & Payne enters $400M term loan and $950M revolver for KCA Deutag acquisition
Term Loan Agreement allows up to $400M unsecured delayed draw, maturing 2 years after acquisition close.
Helmerich & Payne appoints J. Kevin Vann as CFO, succeeding retiring Smith on Aug 15
J. Kevin Vann named CFO Designate effective Aug 5, will become CFO on Aug 15, 2024 after Mark Smith's retirement.
HP to acquire KCA Deutag for $1.9725B, expanding Middle East rig count from 12 to 88
Acquisition price $1.9725B cash; expected close before end of calendar 2024.
H&P reports Q3 net income $0.88/shr, NAS direct margin $277M, first Saudi rig arrives
Net income $89M ($0.88/shr) from revenue $698M; sequentially up from $85M ($0.84/shr) on $688M revenue.
Helmerich & Payne declares $0.42 quarterly dividend ($0.25 base + $0.17 supplemental)
Board declared a quarterly base cash dividend of $0.25 per share and a quarterly supplemental cash dividend of $0.17 per share.
Helmerich & Payne Q2 net income $85M, EPS $0.84; guides NAS rigs down to 145-151 exit Q3
Q2 FY2024 net income $85M ($0.84 diluted) vs Q1 $95M ($0.94); revenue $688M vs $677M.
Helmerich & Payne declares $0.42 total dividend ($0.25 base + $0.17 supplemental), payable May 31
Quarterly base cash dividend of $0.25 and supplemental cash dividend of $0.17 per share declared.
Helmerich & Payne CFO Mark W. Smith to retire August 2024; successor search underway
Mark W. Smith, Senior VP and CFO, will retire effective August 15, 2024 or earlier agreed date.
Helmerich & Payne Q1 net income $95M; guides NAS rig count 154-159
Net income $95M ($0.94 diluted EPS) vs $78M ($0.77) prior quarter; revenue $677M vs $660M.
Board declared a quarterly base cash dividend of $0.25 per share.
Helmerich & Payne announces Q4 FY2023 earnings, shareholder return plan for 2024
Q4 net income $0.77 per diluted share; FY2023 net income $4.16 per diluted share
Declared $0.17/share supplemental dividend, payable Dec 4, 2023; base dividend $0.25/share declared Sep 6.
Helmerich & Payne declares $0.25 quarterly dividend; FY2024 budget plans in Q1
Base dividend of $0.25 per share payable December 4, 2023, record date November 20, 2023.
Helmerich & Payne Q3 net income $95M, revenue $724M; guides lower Q4 rigs
Net income $95M ($0.93/diluted) vs $164M ($1.55) prior quarter; includes $(0.16) select items.
Helmerich & Payne appoints Elizabeth Killinger to Board, expanding to 11 members
Appointed Elizabeth Killinger as director effective June 30, 2023; Board expanded from 10 to 11 members.
Board increased 2023 share repurchase authorization from 5M to 7M shares (up 40%).
H&P Q2 net income $1.55/diluted share; revenue $769M; lowers rig count guidance
Net income $164M ($1.55/diluted) vs $97M ($0.91) prior quarter; includes $0.29 after-tax gains from equity investments.
Helmerich & Payne Amends Bylaws to Update Shareholder Meeting and Director Nomination Procedures
Eliminates requirement to have stockholder list available for inspection at stockholder meetings.
HP declares $0.485 quarterly dividend ($0.25 base + $0.235 supplemental)
Quarterly base dividend of $0.25/share and supplemental of $0.235/share declared, total $0.485/share.
announced the hiring of J. Kevin Vann as Chief Financial Officer Designate and that Mr. Vann will succeed Mark W. Smith as Senior Vice President and Chief Financial Officer on August 15, 2024
upon Mr. Smith’s previously announced retirement from that position
On February 19, 2024, Mark W. Smith informed Helmerich & Payne, Inc. (the “Company”) that he will retire from his position as Senior Vice President and Chief Financial Officer of the Company effective August 15, 2024 or such earlier date as agreed to with the Company (the “Transition Date”).
Effective June 30, 2023, the Board of Directors (the " Board ") of Helmerich & Payne, Inc. (the “ Company ”), upon the recommendation of the Nominating and Corporate Governance Committee of the Board, approved the expansion of the Board from 10 members to 11 and appointed Elizabeth Killinger as a new director of the Company.
On November 28, 2022, Mary M. VanDeWeghe provided notice to the Chairman of the Board of Directors (the “Board”) of Helmerich & Payne, Inc. (the “Company”) that she will not stand for reelection as a director of the Company at the 2023 Annual Meeting of Stockholders (the “2023 Annual Meeting”).
Effective August 3, 2021, the Board of Directors (the " Board ") of Helmerich & Payne, Inc. (the “ Company ”), upon the recommendation of the Nominating and Corporate Governance Committee of the Board, approved the expansion of the Board from 11 members to 12, and appointed Belgacem Chariag as a new director of the Company.
Max materiality 0.90 · Median 0.60 · Most common event earnings