Highest-materiality recent filing
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.
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 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 Q3 net loss $1.64/shr; goodwill impairment $173M
Consolidated net loss $163M ($1.64 diluted loss); adjusted net income $22M ($0.22/shr).
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.
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.
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.
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 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.
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 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 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.
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
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”).
Max materiality 0.90 · Median 0.65 · Most common event dividend