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Helmerich and Payne inc   (HP)
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Price: $42.0600 $-0.17 -0.403%
Day's High: $42.74 Week Perf: 1.89 %
Day's Low: $ 42.21 30 Day Perf: 9.25 %
Volume (M): 100 52 Wk High: $ 46.55
Volume (M$): $ 4,234 52 Wk Avg: $38.08
Open: $42.46 52 Wk Low: $30.41



 Market Capitalization (Millions $) 4,190
 Shares Outstanding (Millions) 100
 Employees 10,352
 Revenues (TTM) (Millions $) 2,830
 Net Income (TTM) (Millions $) 432
 Cash Flow (TTM) (Millions $) 8
 Capital Exp. (TTM) (Millions $) 436

Helmerich And Payne Inc

We are primarily engaged in contract drilling of oil and gas wells for others and this business accounts for almost all of our operating revenues. Our contract drilling business is composed of three reportable business segments: U.S. land drilling, offshore drilling and international land drilling.

Our U.S. land drilling is conducted primarily in Oklahoma, California, Texas, Wyoming, Colorado, Louisiana, Mississippi, Pennsylvania, Utah, Arkansas, New Mexico, Alabama, Montana, North Dakota and West Virginia. Offshore drilling operations are conducted in the Gulf of Mexico, and offshore of California, Trinidad and Equatorial Guinea. Our international land segment operated in seven international locations: Ecuador, Colombia, Argentina, Mexico, Tunisia, Bahrain and Venezuela.

We are also engaged in the ownership, development and operation of commercial real estate and research and development of rotary steerable technology. Each of the businesses operates independently of the others through wholly-owned subsidiaries. This operating decentralization is balanced by centralized finance and legal organizations.

Our real estate investments located exclusively within Tulsa, Oklahoma, include a shopping center containing approximately 441,000 leasable square feet, multi-tenant industrial warehouse properties containing approximately 990,000 leasable square feet and approximately 210 acres of undeveloped real estate.

Our subsidiary, TerraVici Drilling Solutions, Inc. ("TerraVici"), is developing patented rotary steerable technology to enhance horizontal and directional drilling operations. We acquired TerraVici to complement our existing drilling rig technology. The process of drilling has become increasingly challenging as preferred well types deviate from simple vertical drilling. By combining this new technology with our existing capabilities, we expect to improve drilling productivity and reduce total well cost to the customer.

We believe that we are one of the major land and offshore drilling contractors in the western hemisphere. Operating principally in North and South America, we specialize in shallow to deep drilling in oil and gas producing basins of the United States and in drilling for oil and gas in international locations. In the United States, we draw our customers primarily from the major oil companies and the larger independent oil companies. In South America, our current customers include major international oil companies.

We provide drilling rigs, equipment, personnel and camps on a contract basis. These services are provided so that our customers may explore for and develop oil and gas from onshore areas and from fixed platforms, tension-leg platforms and spars in offshore areas. Each of the drilling rigs consists of engines, drawworks, a mast, pumps, blowout preventers, a drillstring and related equipment. The intended well depth and the drilling site conditions are the principal factors that determine the size and type of rig most suitable for a particular drilling job. A land drilling rig may be moved from location to location without modification to the rig. A platform rig is specifically designed to perform drilling operations upon a particular platform. While a platform rig may be moved from its original platform, significant expense is incurred to modify a platform rig for operation on each subsequent platform. In addition to traditional platform rigs, we operate self-moving platform drilling rigs and drilling rigs to be used on tension-leg platforms and spars. The self-moving rig is designed to be moved without the use of expensive derrick barges. The tension-leg platforms and spars allow drilling operations to be conducted in much deeper water than traditional fixed platforms.

 



   Company Address: 1437 South Boulder Avenue, Tulsa 74119 OK
   Company Phone Number: 742-5531   Stock Exchange / Ticker: NYSE HP
   


Customers Net Income grew by HP's Customers Net Profit Margin grew to

40.87 %

7.43 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ICD        15.98% 
NBR   -0.57%    
NE   -0.75%    
RIG        0.33% 
BKR   -1.68%    
DOV        0.44% 
• View Complete Report
   



Contract

Helmerich & Payne, Inc. Clinches 7-Rig Contract with Saudi Aramco as Revenue Faces Downward Trend

Published Mon, Feb 12 2024 9:37 PM UTC

TULSA, Okla. - Helmerich & Payne, Inc. (H&P) (NYSE: HP) recently announced the successful conclusion of contractual terms with Saudi Aramco for a significant 7-rig tender award. The awarded super-spec rigs will be engaged in unconventional gas operations under 5-year contracts, with 1-year options. These rigs are slated to commence operations shortly following delivery, expe...

Product Service News

Helmerich & Payne Progresses its Sustainability Agenda Amid Strong Financial Performance

Published Wed, Dec 13 2023 9:50 PM UTC


Helmerich & Payne, Inc. (H&P), the NYSE-listed petroleum drilling company, has illustrated a commitment to sustainability while also reporting strong financial growth for the third quarter of 2023, according to its newly released Sustainability Report.
The report, now in its third year, outlines the company?s sustainability approach, providing transparency regarding...

Helmerich And Payne Inc

Helmerich And Payne Inc. Shatter Records: Q3 2023 Earnings Skyrocket by 481.25% with Impressive Revenue Growth!

Helmerich And Payne Inc, an energy company specializing in drilling services, has reported impressive financial results for the third quarter of 2023. The company's income per share saw a significant increase of 481.25% to $0.93 per share compared to the same period a year ago. This surge in income was driven by a growing revenue of 31.573% to $723.96 million.
In the previous reporting period, Helmerich And Payne Inc recorded a revenue of $769.22 million and an income per share of $1.55. Despite a slight decrease in revenue, the company's income per share showed remarkable growth in the third quarter of 2023. This indicates improved profitability and efficiency in managing the company's operations.






 

Helmerich And Payne Inc's Segments
 
Drilling U.S. Land
 Segment     of total Revenue
Drilling Offshore
 Segment     of total Revenue
Drilling International
 Segment     of total Revenue
Total Drilling
 Segment     of total Revenue
Other
 Segment     of total Revenue
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Helmerich And Payne Inc does not provide revenue guidance.

Earnings Outlook
Helmerich and Payne inc does not provide earnings estimates.

 
Geographic Revenue Dispersion
United States
Argentina
Ecuador
Colombia
Other Foreign

Helmerich And Payne Inc's Operating Statistics Decrease / Increase
       
Drilling U.S. Land Avg. Rig revenue per day ($)    Drilling U.S. Land Avg. Rig revenue per day ($) Growth   
Drilling U.S. Land Avg. Rig margin per day ($)    Drilling U.S. Land Avg. Rig margin per day ($) Growth   
Drilling U.S. Land Rig utilization (%)   Drilling U.S. Land Rig utilization (%) Decline   
Drilling Offshore Rig revenue per day ($)   Drilling Offshore Rig revenue per day ($) Decline   
Drilling Offshore Avg. Rig margin per day ($)   Drilling Offshore Avg. Rig margin per day ($) Decline   
Drilling Offshore Rig utilization (%)    Drilling Offshore Rig utilization (%) Growth   
Drilling International Rig revenue per day ($)    Drilling International Rig revenue per day ($) Growth   
Drilling International Avg. Rig margin per day ($)    Drilling International Avg. Rig margin per day ($) Growth   
Drilling International Rig utilization (%)   Drilling International Rig utilization (%) Decline   




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