9 Dec 2024director interest notice● Neutral
Helmerich & Payne, Inc. VP, CAO Sara Marie Momper had 302 shares withheld for taxes on vesting stock.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
9 Dec 2024director interest notice● Neutral
Helmerich & Payne, Inc. SVP, CORP. SERVICES & CLO Cara M. Hair had 3,223 shares withheld for taxes on vesting stock.
18 Oct 2024substantial holder notice● Neutral
STATE STREET CORPORATION reported a Helmerich & Payne, Inc. shareholding of 4,182,972 shares (4.20% of votes) in a periodic institutional filing.
1 Oct 2024director interest notice● Neutral
Helmerich & Payne, Inc. SENIOR VP AND CFO J Kevin Vann bought 3,300 shares on the open market at $30.19.
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.
19 Aug 2024director interest notice● Neutral
J Kevin Vann became a Helmerich & Payne, Inc. SENIOR VP AND CFO and company insider (initial ownership filing).
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 2024quarterly activities report● Neutral
Helmerich & Payne, Inc. reported quarterly revenue of $697.7 million and net income of $88.7 million for the period ended 2024-06-30.
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.
24 July 2024quarterly activities report● Neutral
Helmerich & Payne, Inc. reported quarterly revenue of $697.7 million and net income of $88.7 million for the period ended 2024-06-30.
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.
16 May 2024director interest notice● Neutral
Helmerich & Payne, Inc. SVP, CORP. SERVICES & CLO Cara M. Hair gifted 508 shares.
30 Apr 2024director interest notice● Neutral
Helmerich & Payne, Inc. SENIOR VP AND CFO Mark W. Smith sold 16,000 shares at $40.49.
30 Apr 2024director interest notice● Neutral
Helmerich & Payne, Inc. SVP, CORP. SERVICES & CLO Cara M. Hair sold 9,910 shares at $40.22.
24 Apr 2024quarterly activities report● Neutral
Helmerich & Payne, Inc. reported quarterly revenue of $687.9 million and net income of $84.8 million for the period ended 2024-03-31.
24 Apr 2024quarterly activities report● Neutral
Helmerich & Payne, Inc. reported quarterly revenue of $687.9 million and net income of $84.8 million for the period ended 2024-03-31.
4 Mar 2024director interest notice● Neutral
Helmerich & Payne, Inc. SVP, US LAND OPS, DRILLING SUB Michael Lennox sold 12,500 shares.
1 Mar 2024director interest notice● Neutral
Helmerich & Payne, Inc. insider Kevin G. Cramton received 4,675 shares as part of the equity award.
1 Mar 2024director interest notice● Neutral
Helmerich & Payne, Inc. insider Delaney Murchison Bellinger received a stock option grant for 4,675 shares.
1 Mar 2024director interest notice● Neutral
Helmerich & Payne, Inc. insider Belgacem Chariag received 4,675 shares as part of the equity award.
1 Mar 2024director interest notice● Neutral
Helmerich & Payne, Inc. insider Hans Helmerich received 7,012 shares as part of the equity award.
1 Mar 2024director interest notice● Neutral
Helmerich & Payne, Inc. insider Donald F Robillard Jr. received a stock option grant for 4,675 shares.
1 Mar 2024director interest notice● Neutral
Helmerich & Payne, Inc. insider Thomas A. Petrie received 4,675 shares as part of the equity award.
1 Mar 2024director interest notice● Neutral
Helmerich & Payne, Inc. insider Elizabeth R Killinger received a stock option grant for 4,675 shares.
1 Mar 2024director interest notice● Neutral
Helmerich & Payne, Inc. insider John D Zeglis received 4,675 shares as part of the equity award.
1 Mar 2024director interest notice● Neutral
Helmerich & Payne, Inc. insider Randy A Foutch received a stock option grant for 4,675 shares.
1 Mar 2024director interest notice● Neutral
Helmerich & Payne, Inc. insider Jose Ramon Mas received 4,675 shares as part of the equity award.
14 Feb 2024substantial holder notice● Neutral
AllianceBernstein L.P reported a Helmerich & Payne, Inc. shareholding of 606,600 shares (0.60% of votes) in a periodic institutional filing.
13 Feb 2024substantial holder notice● Neutral
The Vanguard Group reported a Helmerich & Payne, Inc. shareholding of 11,639,212 shares (11.71% of votes) in a periodic institutional filing.