3 June 2026dividend declaration● Neutral
The board declared the regular $0.25 per share quarterly dividend, payable Sept 1, 2026 to holders of record on Aug 18, 2026. The filing mentions no supplemental dividend.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
4 Mar 2026dividend declaration● Neutral
The board declared the regular $0.25 per share quarterly dividend, payable June 1, 2026 to holders of record on May 18, 2026. The filing mentions no supplemental dividend.
9 Dec 2025dividend declaration● Neutral
The board declared the regular $0.25 per share quarterly dividend, payable Feb 27, 2026 to holders of record on Feb 13, 2026. The filing mentions no supplemental dividend.
9 Sept 2025dividend declaration● Neutral
The board declared the regular $0.25 per share quarterly dividend, payable Dec 2, 2025 to holders of record on Nov 18, 2025. The filing mentions no supplemental dividend.
3 June 2025dividend declaration● Neutral
The board declared the regular $0.25 per share quarterly dividend, payable Aug 29, 2025 to holders of record on Aug 15, 2025. The filing mentions no supplemental dividend.
15 May 2025business combination● Neutral
H&P filed a registration statement to swap its privately placed Sept 2024 notes ($350M 4.650% due 2027, $350M 4.850% due 2029, $550M 5.500% due 2034) for identical notes registered with the SEC. The terms are substantially identical, the offer has no minimum tender, and the filing gives no new money raised. This continues the registered exchange thread tied to the notes sold to fund KCA Deutag; the expiry date is blank, so completion is not shown.
16 Jan 2025asset acquisition disposition● NeutralMajor
H&P completed its purchase of KCA Deutag on Jan 16, 2025, resolving the acquisition thread open since July 2024. It paid about $897 million in cash for the shares, with about $80 million placed in escrow pending resolution of certain potential KCA Deutag tax obligations. At closing, KCA Deutag's notes (the $500M 9.875% secured notes, $250M floating rate notes and $272.2M PIK notes) were redeemed and about $100M of bank borrowings repaid. The filing states total consideration was estimated at about $1.9725 billion including this debt repayment. John Lindsay stays CEO and KCA Deutag CEO Joseph Elkhoury will not continue; an updated fiscal 2025 outlook is expected with first-quarter results, and KCA Deutag financial statements are to be filed later.
11 Dec 2024dividend declaration● Neutral
The board declared the regular $0.25 per share quarterly dividend, payable Feb 28, 2025 to holders of record on Feb 14, 2025. No supplemental dividend is mentioned, continuing the pattern since the Sept 2024 declaration.
17 Sept 2024debt financing● NeutralMajor
H&P completed a private sale of $1.25 billion of new senior notes: $350M at 4.650% due 2027, $350M at 4.850% due 2029 and $550M at 5.500% due 2034. The proceeds, together with the term loan and cash on hand, are intended to pay for the pending KCA Deutag purchase, repay some of KCA Deutag's debt and cover fees. If the acquisition has not closed by the later of Oct 25, 2025 or an agreed extended long-stop date, or the purchase agreement is terminated, the notes must be redeemed at 101% of principal plus interest. This continues the KCA Deutag funding thread; the filing does not say whether the bridge loan will be used.
11 Sept 2024dividend declaration● Neutral
The board declared the $0.25 quarterly dividend, payable Dec 2, 2024 to holders of record on Nov 18, 2024. This declaration contains no supplemental dividend, and the filing gives no reason or further plan.
15 Aug 2024debt financing● NeutralMajor
To fund the KCA Deutag purchase, H&P signed a new term loan of up to $400 million (two-year maturity from the closing date), which cuts the Morgan Stanley bridge loan to $1.5725 billion. It also replaced its Wells Fargo-led credit agreement with a larger $950 million revolver (up from $750 million) and raised the allowed debt-to-capital ratio from 50% to 55%, giving it more borrowing room.
25 July 2024debt financing● NeutralMajor
H&P agreed to buy all of KCA Deutag, a global drilling company, for about $946.4 million in cash for the shares (the press release describes the deal as $1.9725 billion in cash), with closing expected before the end of 2024 subject to antitrust approvals and other conditions. It lined up a $1.9725 billion Morgan Stanley bridge loan as backup funding, but intends to use cash, borrowings and debt market deals first. The company says the deal raises its Middle East rig count from 12 to 88; this is the international expansion the CEO had previously talked about.
5 June 2024dividend declaration● Neutral
The board declared the $0.25 base dividend plus a $0.17 supplemental dividend, both payable Aug 30, 2024 to holders of record on Aug 16, 2024, unchanged from the February 2024 payout. The filing also shows a new head office address at 222 North Detroit Avenue, Tulsa, replacing 1437 South Boulder Avenue.
6 Dec 2023dividend declaration● Neutral
The board declared the $0.25 base dividend plus a supplemental dividend of $0.17 per share, both payable Feb 27, 2024 to holders of record on Feb 13, 2024. The supplemental amount is lower than the $0.235 paid in the prior supplemental dividends. This resolves the pending fiscal 2024 return plan question in part.
6 Sept 2023dividend declaration● Neutral
The board declared the $0.25 base dividend only, payable Dec 4, 2023 to holders of record on Nov 20, 2023, with no supplemental dividend in this declaration. The company said it is still developing its fiscal 2024 capital budget and expects to announce shareholder return plans, including any supplemental dividends, in the first quarter of fiscal 2024.
7 June 2023dividend declaration▲ Good
The board declared the $0.25 base dividend plus a $0.235 supplemental dividend, both payable Aug 31, 2023 to holders of record on Aug 17, 2023, matching the December 2022 payout. It also raised the 2023 buyback limit again, from five million to seven million shares.
12 Dec 2022dividend declaration▲ GoodMajor
The board declared the usual $0.25 quarterly dividend plus a new supplemental dividend of $0.235 per share, both payable Feb 28, 2023 to holders of record on Feb 14, 2023. It also raised the maximum share buyback for calendar 2023 from four million to five million shares, so more cash is going back to shareholders than in prior quarters.
7 Sept 2022dividend declaration● Neutral
The board declared the regular quarterly dividend of $0.25 per share, payable Dec 1, 2022 to holders of record on Nov 15, 2022. The amount is unchanged from prior quarters.
31 May 2022dividend declaration● Neutral
The board declared a quarterly dividend of $0.25 per share, payable Sept 1, 2022 to holders of record on Aug 17, 2022. The amount is unchanged from the prior quarters.
29 Apr 2022business combination● Neutral
This is an exhibit-only amendment (Amendment No. 1) to the S-4 filed Jan 2022, made to file an updated auditor consent. It carries no new financial or deal information, and the rest of the registration statement is unchanged. The exchange offer is still not shown as effective or completed.
24 Jan 2022business combination● Neutral
The company filed a registration statement (S-4) on Jan 24, 2022 to offer registered 2.900% notes due 2031 ($550 million) in exchange for the unregistered notes sold in Sept 2021. The terms are substantially identical, and the exchange is the registered exchange offer promised in the registration rights agreement. It is not a new borrowing. It does not go effective until the SEC clears it.
10 Dec 2021dividend declaration● Neutral
The board declared a quarterly dividend of $0.25 per share, payable Feb 28, 2022 to holders of record on Feb 11, 2022. This is the same amount as the prior quarters.
29 Sept 2021debt financing▲ GoodMajor
The $550 million 2.900% senior notes due Sept 29, 2031 closed on Sept 29, 2021. They are unsecured, issued under the Dec 2018 indenture with Wells Fargo as trustee. The company agreed to file a registered exchange offer, with effectiveness targeted by June 26, 2022 and completion by July 26, 2022, or it pays 0.25% extra interest. The CEO said the deal extends debt maturity at a lower rate, and the company still states it intends to redeem the 4.65% 2025 notes with the proceeds and cash. The filing does not report the redemption as done.
28 Sept 2021material agreement● NeutralMajor
Helmerich & Payne agreed on Sept 27, 2021 to sell $550 million of 2.900% senior notes due 2031 to institutional buyers through Goldman Sachs, upsized from a planned $500 million. It says it will use the proceeds plus cash on hand to redeem all of its outstanding 4.65% notes due 2025 ($487.1 million outstanding); the offering is not conditioned on that redemption. This starts the replacement of the 2025 notes the context has tracked since 2018.
1 Sept 2021dividend declaration● Neutral
The board declared a quarterly dividend of $0.25 per share, payable December 1, 2021 to holders of record on November 23, 2021, unchanged.
3 Mar 2021dividend declaration● Neutral
The board declared a quarterly dividend of $0.25 per share, payable June 1, 2021 to holders of record on May 17, 2021, unchanged.
11 Dec 2020dividend declaration● Neutral
The board declared a quarterly dividend of $0.25 per share, payable March 1, 2021 to holders of record on February 12, 2021, unchanged at the reduced rate.
9 Sept 2020dividend declaration● Neutral
The board declared a quarterly dividend of $0.25 per share, payable December 1, 2020 to holders of record on November 13, 2020, the same reduced rate as the prior quarter.
3 June 2020dividend declaration● Neutral
The board declared a quarterly dividend of $0.25 per share, payable August 31, 2020 to holders of record on August 17, 2020. This is the first declaration at the lower rate announced in March 2020, following the final $0.71 payment.
31 Mar 2020dividend declaration▼ BadMajor
The company said it intends to cut future quarterly dividends from $0.71 to $0.25 per share, while still paying the already announced $0.71 on June 1, 2020 to holders of record on May 11, 2020. It cited the weakened commodity price environment and COVID-19 uncertainty, and cut fiscal 2020 capital spending guidance to $210-230 million and SG&A guidance to about $185 million. This ends the $0.71 dividend run that began with the June 2018 raise.