Helmerich & Payne, Inc. reported second fiscal quarter ended March 31, 2026 results: revenue $932 million, net income $(59) million, EPS $(0.59) per share.
“NEWS RELEASE May 6, 2026 HELMERICH & PAYNE, INC. ANNOUNCES FISCAL SECOND QUARTER RESULTS Operating and Financial Highlights for the Quarter Ended March 31, 2026 • H&P announced consolidated revenue of $932 million, reflecting solid performance despite a dynamic macro environment. • Consolidated net loss of $(59) million, or $(0.59) per share, which includes the impact of a non-cash impairment charge of $26 million.”
M&A Transactions
Helmerich & Payne, Inc. completed an acquisition involving KCA Deutag International Limited for total consideration of approximately $897 million in cash, approximately $80 million of which was deposited into a customary escrow on the Closing Date pending (closed 2025-01-16).
“On January 16, 2025 (the " Closing Date "), the Company completed the Acquisition (the " Closing " ) whereby the Purchaser acquired the Shares for total consideration of approximately $897 million in cash, approximately $80 million of which was deposited into a customary escrow on the Closing Date pending the resolution of certain potential tax obligations of KCA Deutag in accordance with the terms of the Purchase Agreement.”
Mark W. Smith retired as Senior Vice President and Chief Financial Officer at Helmerich & Payne, Inc..
“upon Mr. Smith’s previously announced retirement from that position”
J. Kevin Vann was appointed as Senior Vice President and Chief Financial Officer at Helmerich & Payne, Inc..
“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”
Earnings Releases
Helmerich & Payne, Inc. reported second fiscal quarter ended March 31, 2024 results: revenue $688 million, net income $85 million, EPS $0.84 per diluted share.
“Helmerich & Payne, Inc. (NYSE: HP) reported net income of $85 million, or $0.84 per diluted share, from operating revenues of $688 million for the quarter ended March 31, 2024, compared to net income of $95 million, or $0.94 per diluted share, from operating revenues of $677 million for the quarter ended December 31, 2023.”
Shareholder Votes
Helmerich & Payne, Inc. shareholders approved Approve the 2024 Omnibus Incentive Plan.
“The proposal to approve the 2024 Omnibus Incentive Plan was approved. For Against Abstain Broker-Non-Vote 78,620,748 4,914,674 366,005 8,414,472”
Shareholder Votes
Helmerich & Payne, Inc. shareholders approved Advisory vote on the compensation of the Company's executives named in the Proxy Statement for the 2024 Annual Meeting.
“The advisory vote on the compensation of the Company's executives named in the Proxy Statement for the 2024 Annual Meeting was approved. For Against Abstain Broker-Non-Vote 80,334,808 3,397,389 169,230 8,414,472”
Shareholder Votes
Helmerich & Payne, Inc. shareholders approved Ratify the appointment of Ernst & Young LLP as the Company's independent auditors for the Company's fiscal year ending September 30, 2024 at the 2024-09-30 meeting.
“The proposal to ratify the appointment of Ernst & Young LLP as the Company's independent auditors for the Company's fiscal year ending September 30, 2024 was approved. For Against Abstain 89,679,285 2,537,821 98,793”
Shareholder Votes
Helmerich & Payne, Inc. shareholders approved Election of Directors.
“The individuals listed below were elected at the 2024 Annual Meeting to serve as Directors of the Company until the Company's Annual Meeting of Stockholders in 2025. For Against Abstain Broker Non-Vote Delaney M. Bellinger 80,903,199 2,917,854 80,374 8,414,472 Belgacem Chariag 80,448,678 3,368,923 83,826 8,414,472 Kevin G. Cramton 80,578,319 3,244,232 78,876 8,414,472 Randy A. Foutch 68,632,044 15,184,240 85,143 8,414,472 Hans Helmerich 79,908,313 3,898,026 95,088 8,414,472 Elizabeth R. Killinger 82,718,498 1,102,191 80,738 8,414,472 John W. Lindsay 80,769,347 3,069,383 62,697 8,414,472 José R. Mas 80,448,655 3,370,359 82,413 8,414,472 Thomas A. Petrie 79,063,162 4,760,024 78,241 8,414,472 Donald F. Robillard, Jr. 79,455,789 4,365,234 80,404 8,414,472 John D. Zeglis 79,163,772 4,636,326 101,329 8,414,472”
Mark W. Smith departed as Senior Vice President and Chief Financial Officer at Helmerich & Payne, Inc..
“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”).”
Earnings Releases
Helmerich & Payne, Inc. reported first fiscal quarter ended December 31, 2023 results: revenue $677 million, net income $95 million, EPS $0.94 per diluted share.
“Helmerich & Payne, Inc. (NYSE: HP) reported net income of $95 million, or $0.94 per diluted share, from operating revenues of $677 million for the quarter ended December 31, 2023”
Earnings Releases
Helmerich & Payne, Inc. reported financial results for fourth fiscal quarter and fiscal year ended September 30, 2023.
“On November 8, 2023, Helmerich & Payne, Inc. issued a press release announcing its financial results for its fourth fiscal quarter and fiscal year ended September 30, 2023.”
Earnings Releases
Helmerich & Payne, Inc. updated its fiscal year 2024 guidance (initiated).
“On October 18, 2023, Helmerich & Payne, Inc. (the “Company”) issued a press release announcing, among other things, certain financial and operating guidance for its fourth fiscal quarter and year ended September 30, 2023.”
Earnings Releases
Helmerich & Payne, Inc. reported its third fiscal quarter ended June 30, 2023 results: revenue $724 million, net income $95 million, EPS $0.93 per diluted share.
“Helmerich & Payne, Inc. (NYSE: HP) reported net income of $95 million, or $0.93 per diluted share, from operating revenues of $724 million for the quarter ended June 30, 2023”
Elizabeth Killinger was appointed as director at Helmerich & Payne, Inc..
“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.”
Earnings Releases
Helmerich & Payne, Inc. reported the second fiscal quarter ended March 31, 2023 results: revenue $769 million, net income $164 million, EPS $1.55 per diluted share.
“Helmerich & Payne, Inc. (NYSE: HP) reported net income of $164 million, or $1.55 per diluted share, from operating revenues of $769 million for the quarter ended March 31, 2023”
Governance Changes
Helmerich & Payne, Inc.: Amended and restated by-laws, effective March 1, 2023, making various updates including stockholder meeting procedures, director nominations, and exclusive forum provisions (effective 2023-03-01).
“On March 1, 2023, the Board of Directors (the “ Board ”) of Helmerich & Payne, Inc. (the “ Company ”) approved and adopted the Company’s Amended and Restated By-Laws (as amended and restated, the “ By-Laws ”), which became effective the same day.”
Shareholder Votes
Helmerich & Payne, Inc. shareholders approved Advisory vote on frequency of say-on-pay votes.
“A majority of stockholders approved, on an advisory basis, that the frequency of stockholder advisory votes to approve the compensation of the Company’s named executive officers should occur every year.”
Shareholder Votes
Helmerich & Payne, Inc. shareholders approved Advisory vote on executive compensation.
“The advisory vote on the compensation of the Company's executives named in the Proxy Statement for the 2023 Annual Meeting was approved.”
Shareholder Votes
Helmerich & Payne, Inc. shareholders approved Ratification of Ernst & Young LLP as independent auditors at the 2023-09-30 meeting.
“The proposal to ratify the appointment of Ernst & Young LLP as the Company's independent auditors for the Company's fiscal year ending September 30, 2023 was approved.”
Shareholder Votes
Helmerich & Payne, Inc. shareholders approved Election of Directors at the 2023-02-28 meeting.
“The 2023 Annual Meeting of Stockholders of Helmerich & Payne, Inc. (the “ Company ”) was held on Tuesday, February 28, 2023 (the “ 2023 Annual Meeting ”).”
Earnings Releases
Helmerich & Payne, Inc. reported first fiscal quarter ended December 31, 2022 results: revenue $720 million, net income $97 million, or $0.91 per diluted share, EPS $0.91 per diluted share.
“Helmerich & Payne, Inc. (NYSE: HP) reported net income of $97 million, or $0.91 per diluted share, from operating revenues of $720 million for the quarter ended December 31, 2022”
Mary M. VanDeWeghe departed as Director at Helmerich & Payne, Inc..
“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”).”
Earnings Releases
Helmerich & Payne, Inc. reported financial results for fourth fiscal quarter and fiscal year ended September 30, 2022.
“On November 16, 2022, Helmerich & Payne, Inc. issued a press release announcing its financial results for its fourth fiscal quarter and fiscal year ended September 30, 2022.”
Belgacem Chariag was appointed as Director at Helmerich & Payne, Inc..
“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.”
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