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11.12.25 - 22:09
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Helmerich & Payne Announces John Lindsay Retirement, Appoints Trey Adams as Next CEO (Business Wire)
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TULSA, Okla.--(BUSINESS WIRE)--The Board of Directors of Helmerich & Payne, Inc. (NYSE: HP) announced today that Chief Executive Officer (CEO) John Lindsay will retire as CEO and director following the Annual Meeting of Stockholders on March 4, 2026. The Board has appointed Raymond John “Trey” Adams, President, to succeed Lindsay as CEO, effective following the Annual Meeting and has nominated Adams to stand for election to the Board at the Annual Meeting. Lindsay will continue serving as a senior advisor through December 2026 to support a smooth transition.
“We are pleased to announce Trey's promotion to CEO. This is the next logical step in the company's succession process that has been underway for several years,” said Hans Helmerich, Chairman the Board. “Trey brings proven operational excellence, leadership skills and a clear vision for innovation and growth. He embodies the H&P Way and the future of our company.”
“I am grateful for the trust the Board has placed in me and honored to f...
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17.11.25 - 22:24
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Helmerich & Payne, Inc. Announces Fiscal Fourth Quarter and Fiscal 2025 Results and Provides Initial Fiscal Year 2026 Operating and Financial Guidance (Business Wire)
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TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE: HP)
Operating and Financial Highlights for the Quarter Ended September 30, 2025
The Company realized a consolidated net loss of $(57) million, or $(0.58) per share, which includes the impact of non-recurring charges of $56 million. Adjusted for this and other non-recurring one-time items, adjusted net loss(1) was $(1) million, or $(0.01) per share.
The Company has received notifications for seven rigs to resume operations in Saudi Arabia during the first half of 2026. With these rig resumptions, the total operating rig count in country will increase to 24 total rigs by the middle of 2026.
North America Solutions (NAS) segment reported operating income of $118 million during the quarter compared to $158 million during the prior quarter. NAS realized direct margins(2) of $242 million during the quarter, yielding an associated margin(1) per day of $18,620 and profitability continuing to lead all North American land drillers.
International Solution...
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