Helmerich & Payne Inc

HP

Equity

ISIN null / Valor 938476

New York Stock Exchange, Inc (2025-11-21)

USD 26.74+2.45%

Helmerich & Payne Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Helmerich & Payne Inc, as described, appears to be inaccurately represented in the provided source, which instead details the operations of Helmerich-PCAS Software & Service GmbH, an IT company specializing in commercial software solutions. This discrepancy suggests a mix-up in the company's identification. Helmerich & Payne Inc is actually known for its role in the energy sector, primarily focusing on contract drilling services for oil and gas exploration and production companies. It operates a fleet of land rigs in the United States and internationally, offering advanced drilling technologies and operational expertise. The company's business is centered around supporting the upstream sector of the oil and gas industry, with a significant emphasis on efficiency, safety, and innovation in drilling operations. Unlike the software and service offerings of Helmerich-PCAS Software & Service GmbH, Helmerich & Payne Inc's core competencies lie in the provision of drilling rigs and related services to facilitate the extraction of oil and natural gas.

Summarized from source with an LLMView SourceSector: Energy

Quarterly Financial Performance

The fourth quarter net income decreased from $89 million in Q3 2024 to $75 million in Q4 2024, while operating revenues saw a minor drop from $698 million to $694 million. Net cash provided by operating activities also declined from $197 million to $169 million quarter-over-quarter.

Annual Results

For fiscal year 2024, Helmerich & Payne Inc. achieved a net income of $344 million, or $3.43 per diluted share, from operating revenues of $2.8 billion. Net cash from operating activities for the year was $685 million, down from $834 million in fiscal year 2023.

Strategic Developments

CEO John Lindsay highlighted significant milestones in the International Solutions segment, including winning a tender with Saudi Aramco and delivering the first rig to Saudi Arabia. Additionally, the planned acquisition of KCA Deutag aims to strengthen the company's position as a global leader in onshore drilling.

Market Position

The North America Solutions segment maintained its rig count despite a 5% decline in the overall U.S. rig count, demonstrating the company's ability to sustain market share and deliver solid economic performance.

Summarized from source with an LLMView Source

Key figures

-22.3%1Y

-47.8%3Y

32.6%5Y

Performance

56.6%1Y

46.3%3Y

51.3%5Y

Volatility