HPNYSE

Helmerich & Payne, Inc.

Drilling Oil & Gas Wells · DE · CIK 46765

Helmerich & Payne, Inc. is a contract drilling company that provides oil and gas exploration and production services

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$3.92B

Market cap

$33.35

Last close

-1.3%

-5.9%

1.2M

Volume

Price · last 39 sessions-18.0%

May 4L $32.76 · H $41.53Jun 29

250

Total filings

Jun 3, 2026

Last filing

09/30

Fiscal year end

All 8-K · 167 10-Q · 31 SC 13G · 15 DEFA14A · 11 DEF 14A · 10 10-K · 10 S-4 · 3 8-K/A · 3

Insider Activity

In the 90 days to Mar 19, 2026: 2 sold $4.3M.

Date	Insider	Action	Shares	Price	Value
Mar 19, 2026	Hair Cara M.SVP, CORP. SERVICES & CLO	Sell	58,771	$36.62	$2.2M
Dec 19, 2025	Helmerich HansDirector	Sell	50,000	$28.13	$1.4M
Dec 19, 2025	Helmerich HansDirector	Sell	25,000	$28.10	$703K
Dec 3, 2025	Momper Sara MarieVP, CAO	Sell	6,681	$30.23	$202K

Open-market buys & sells (Form 4, transaction codes P/S). Source: SEC structured insider data.

What Changed

Risk factors · Nov 13, 2024 → Nov 21, 2025

76 added · 74 removed between the two most recent 10-Ks. The risks a company starts — or stops — disclosing are often the story.

Newly disclosed

For example, subsequent to the announcement of the Acquisition in July 2024, KCA Deutag and the Company received notifications of contract suspensions for a number of rigs operating in Saudi Arabia.
Daywork Contracts Daywork contracts are contracts under which we charge a rate per day, with the price determined by the location, depth and complexity of the well to be drilled, specification of the rig provided, operating conditions, the duration of the contract, and the competitive forces of the market. 2025 FORM 10-K | 12 Table of Contents Performance-based Contracts Performance-based contracts are contracts pursuant to which we are compensated partly based upon our performance against a mutually agreed upon set of predetermined targets.
During periods of reduced activity, we maintain relationships with former employees to facilitate re-engagement when appropriate. 2025 FORM 10-K | 13 Table of Contents We leverage multiple channels for recruiting including our careers site, social media, job fairs, and relationships with educational institutions to attract qualified, diverse, motivated and responsible candidates.
These priorities are evidenced by formalized policies regarding equal opportunity and a discrimination-free workplace. 2025 FORM 10-K | 14 Table of Contents Employee Benefits, Health and Wellness We offer competitive compensation and benefits designed to support the health, well-being, and financial security of our employees.
Prior to its acquisition, KCA Deutag was a private company and not required to maintain a system of internal controls over financial reporting that would meet the standards of a public company, including the requirements under the Sarbanes-Oxley Act of 2002.
Failure to successfully manage the combined operations may have an adverse effect on our business, reputation, financial condition and results of operations. 2025 FORM 10-K | 23 Table of Contents Technology disputes and limitations on our ability to protect or enforce our intellectual property rights could negatively impact our costs, revenues, and any competitive advantage we hold.
See “—Consolidation in our industry may impact our results of operations” for additional disclosure regarding consolidations in our industry. 2025 FORM 10-K | 24 Table of Contents Our current backlog of drilling services and solutions revenue may decline and may not be fully realized as fixed‑term contracts and, in certain instances, these contracts can be terminated without an early termination payment or suspended without standby or force majeure compensation.
Key training programs include: • New Employment Safety Training – Prepares new hires in safety-sensitive roles to work safely on our rigs and provides them with required certifications and cultural orientation. • Short Service Employee Training – Provides technical, on-the-job training under the guidance of a mentor. • Ethics and Compliance Training – Covers topics such as our Code of Conduct, anti-discrimination, data privacy, trade compliance and anti-corruption, among others. • Drillers’ Performance Academy – An in-person workshop focused on leadership, team dynamics, and technology training. • Leadership Series Training – In person and online courses available to current and aspiring leaders, aligned with The H&P Way.
The integration process may be subject to delays or changed circumstances, and we can give no assurance that our expectations with respect to integration or cost savings as a result of the acquisition will materialize or that KCA Deutag's assets will perform in accordance with our expectations.
Additionally, the integration process may result in the disruption of ongoing business and there could be potential unknown liabilities and unforeseen expenses associated with the acquisition that were not discovered in the course of performing due diligence.
The success of the acquisition will depend, in significant part, on the Company’s ability to successfully integrate the acquired business, grow the revenue of the Company and realize the anticipated strategic benefits from the acquisition.
We may be unable to successfully integrate KCA Deutag’s business or achieve the anticipated benefits of the acquisition, or the anticipated benefits attributable to the acquisition may vary from our expectations.

No longer disclosed

For example, in 2024 we entered into the Purchase Agreement related to the Acquisition (see below “KCA Deutag Acquisition Related Risks” for a description of additional risks specific to the Acquisition).
In most instances, contracts provide for additional payments for mobilization and demobilization of the rig. 2024 FORM 10-K | 12 Table of Contents The duration of our drilling contracts are generally either “well‑to‑well/pad-to-pad” or for a fixed term.
The purpose of the program is to prepare employees to work safely on our rigs and provide necessary certifications to do so; including all Occupational Safety and Health Administration ("OSHA") and International Association of Drilling Contractors ("IADC") training, as well as Company culture education. • Short Service Employee Training - specialized training program that is a continuation of New Employment Introduction basics and is intended to provide technical on-the-job training guided by a mentor. • Ethics and Compliance Training – comprised of several specific training programs, including Code of Conduct, Insider Trading, Anti-Discrimination & Harassment, Data Privacy, Trade Compliance, and Anti-Corruption. • Change Champions Training - teaches employees to solve complex problems using structured processes, tools and data to drive results while emphasizing leadership and public speaking. • Leadership Series Training - accessible online to all leaders and covers a variety of topics related to leading The H&P Way. 2024 FORM 10-K | 14 Table of Contents Safety Training and Serious Injury and/or Fatality ("SIF") Reduction Program We are committed to creating a culture highlighted by an Actively Caring workforce.
We are actively tracking diversity data to better understand demographics within the organization. 2024 FORM 10-K | 15 Table of Contents Employee Benefits, Health and Wellness H&P values its employees and believes competitive compensation and benefit packages are essential to prioritizing the well-being of its staff.
Our inability or the inability of our customers to perform under our or their contractual obligations may have a material adverse impact on our business, financial condition and results of operations. 2024 FORM 10-K | 25 Table of Contents Our contracts with NOCs may expose us to greater risks than we normally assume in contracts with non-governmental customers.
For example, a coalition of over 20 governors of U.S. states formed the United States Climate Alliance to advance the objectives of the Paris Agreement, and several U.S. cities have committed to advance the objectives of the Paris Agreement at the state or local level as well.
Starting in 2015, we have redefined safety success as the C.A.R.E. for self and others and encourage employees to report near miss incidents with serious, life-altering or fatal injury potential, identifying and reporting serious injury exposures for which employees are personally recognized and rewarded monetarily for exemplifying our Actively C.A.R.E culture.
During fiscal years 2024 and 2023, we entered into Blue Chip Swap transactions, which resulted in $7.1 million and $12.2 million losses on investments recorded in Gain on investment securities within our Consolidated Statements of Operations.
The United States is currently a member of the “Paris Agreement” that requires member countries to review and “represent a progression” in their intended nationally determined GHG contributions, which set many new goals, including GHG emission reduction goals every five years beginning in 2020.
In 2023, the United States joined the international community at the 28th Conference of the Parties (COP28), where the U.S. and nearly 200 other countries renewed their commitment to deliver on the aims of the 2015 Paris Agreement.
Human Capital Objectives and Programs We strive to create a culture and work environment that enables us to attract, train, promote, and retain a diverse group of talented employees who together can help us gain a competitive advantage. 2024 FORM 10-K | 13 Table of Contents Core Values and Culture "The H&P Way" defines our purpose, core values, and the behaviors that drive our culture.
Select highlights of our benefits programs for US-based employees include: • Medical, dental and vision insurance for all full-time employees, and all part-time employees working more than 20 hours per week, and their dependents; • A 401(k) plan with Company match incentive for all full-time employees, and all part-time employees working more than 20 hours per week; • Employer paid life and accidental and dismemberment and employer subsidized long-term disability; • The Employee Assistance Plan, which offers wellness support with counseling, legal assistance, financial coaching, and identity theft resolution; • The H&P Way Fund, which provides financial assistance to H&P employees during unavoidable emergencies; • Employee discounts for phone, computer, personal vehicle, car rental, and hotel purchases; and • An Educational Assistance Plan, which offers reimbursement of tuition fees for any employee pursuing an undergraduate degree and, in some cases, post-graduate degrees.

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