Market Summary
USD42.43-0.64
Delayedas of 26 Sep 2023, 03:56 pm-1.49%
HP Stock Price
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HP Valuation
HP Price/Sales (Trailing)
HP Profitability
HP Fundamentals
HP Revenue
HP Earnings
Price Action
52 Week Range
30.2454.45
(Low)(High)
Last 7 days
-4.9%
Last 30 days
6.8%
Last 90 days
25.6%
Trailing 12 Months
22.5%
HP Financial Health
HP Investor Care
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Net sales
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Latest Insider Trading transactions for HP
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-06-30 | Killinger Elizabeth R | acquired | - | - | 3,394 | - |
2023-03-01 | MAS JOSE RAMON | acquired | - | - | 4,197 | - |
2023-03-01 | Chariag Belgacem | acquired | - | - | 4,197 | - |
2023-03-01 | ZEGLIS JOHN D | acquired | - | - | 4,197 | - |
2023-03-01 | HELMERICH HANS | acquired | - | - | 6,296 | - |
2023-03-01 | Cramton Kevin G. | acquired | - | - | 4,197 | - |
2023-03-01 | Petrie Thomas A. | acquired | - | - | 4,197 | - |
2023-01-13 | Hair Cara M. | sold (taxes) | -393,068 | 50.64 | -7,762 | svp, corp. services & clo |
2023-01-13 | Bell John R. | acquired | - | - | 32,371 | svp, int'l & offshore ops, sub |
2023-01-13 | Bell John R. | sold (taxes) | -346,833 | 50.64 | -6,849 | svp, int'l & offshore ops, sub |
Which funds bought or sold HP recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-21 | Baystate Wealth Management LLC | unchanged | - | 6.00 | 846 | -% |
2023-09-21 | Jefferies Group LLC | reduced | -63.68 | -9,854,330 | 4,464,460 | 0.04% |
2023-09-20 | BARCLAYS PLC | added | 11.6 | 504,000 | 5,210,000 | -% |
2023-09-12 | Farther Finance Advisors, LLC | reduced | -17.31 | -335 | 1,524 | -% |
2023-08-23 | WOLVERINE TRADING, LLC | reduced | -48.48 | -327,259 | 339,741 | -% |
2023-08-22 | COMERICA BANK | sold off | - | - | - | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | sold off | -100 | -675,675 | - | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 28.29 | 579,000 | 2,704,000 | 0.03% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 50.55 | 364,818 | 1,104,360 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -4.11 | -231,803 | 4,482,080 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Helmerich and Payne
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | alliancebernstein l.p. | 5.1% | 5,394,766 | SC 13G | |
| Feb 09, 2023 | vanguard group inc | 11.26% | 11,865,323 | SC 13G/A | |
| Jan 31, 2023 | state farm mutual automobile insurance co | 7.83% | 8,257,200 | SC 13G/A | |
| Jan 26, 2023 | blackrock inc. | 16.7% | 17,591,785 | SC 13G/A | |
| Jan 20, 2023 | blackrock inc. | 16.7% | 17,591,785 | SC 13G/A | |
| Feb 14, 2022 | boston partners | 0.95% | 1,025,039 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 10.92% | 11,798,753 | SC 13G/A | |
| Feb 02, 2022 | state farm mutual automobile insurance co | 7.65% | 8,257,200 | SC 13G/A | |
| Jan 27, 2022 | blackrock inc. | 16.4% | 17,718,102 | SC 13G/A | |
| Jan 25, 2022 | blackrock inc. | 16.4% | 17,718,102 | SC 13G |
Recent SEC filings of Helmerich and Payne
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 25, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 06, 2023 | 8-K | Current Report | |
| Sep 06, 2023 | 4 | Insider Trading | |
| Jul 26, 2023 | 8-K | Current Report | |
| Jul 26, 2023 | 10-Q | Quarterly Report | |
| Jul 05, 2023 | 8-K | Current Report | |
| Jul 05, 2023 | 4 | Insider Trading | |
| Jul 05, 2023 | 3 | Insider Trading |
HP Fair Value
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Peers (Alternatives to Helmerich and Payne)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
SLB | 85.0B | 31.2B | 5.99% | 70.97% | 21.59 | 2.73 | 25.73% | 50.31% |
EOG | 72.9B | 25.9B | -1.13% | 15.83% | 8.37 | 2.81 | 16.80% | 52.54% |
OXY | 60.4B | 31.8B | 2.13% | 8.08% | 4.68 | 1.64 | -6.68% | -38.20% |
PXD | 52.8B | 20.3B | -3.52% | 7.92% | 9.12 | 2.6 | -14.26% | -6.45% |
HAL | 36.9B | 22.4B | 7.42% | 68.00% | 14.98 | 1.65 | 28.12% | 72.02% |
| MID-CAP | ||||||||
NOV | 8.2B | 8.0B | 3.53% | 37.22% | 19.72 | 1.02 | 30.72% | 567.42% |
CHX | 7.2B | 3.9B | 4.08% | 94.13% | 28.86 | 1.86 | 12.88% | 50.71% |
RIG | 6.4B | 2.7B | 8.55% | 255.08% | -6.37 | 2.4 | 5.94% | -59.24% |
HP | 4.3B | 2.8B | 6.77% | 22.53% | 10.65 | 1.51 | 60.56% | 441.42% |
LBRT | 3.1B | 4.9B | 13.63% | 55.80% | 5.07 | 0.64 | 58.51% | 11504.38% |
PTEN | 3.0B | 3.1B | 4.43% | 34.71% | 8.8 | 0.99 | 56.78% | 176.56% |
| SMALL-CAP | ||||||||
NBR | 1.1B | 3.0B | 15.22% | 32.38% | -39.61 | 0.38 | 33.84% | 94.24% |
DWSN | 60.5M | 67.8M | 29.92% | 27.38% | -3.97 | 0.89 | 71.92% | 36.06% |
ICD | 40.6M | 229.5M | -0.34% | -2.36% | -5.16 | 0.18 | 76.69% | 91.91% |
Helmerich and Payne News
Returns for HP
Cumulative Returns on HP
-0.4%
10-Year Cumulative Returns
0.4%
7-Year Cumulative Returns
-4.7%
5-Year Cumulative Returns
48.8%
3-Year Cumulative Returns
Risks for HP
What is the probability of a big loss on HP?
96.9%
Probability that Helmerich and Payne stock will be more than 20% underwater in next one year
88.1%
Probability that Helmerich and Payne stock will be more than 30% underwater in next one year.
36.5%
Probability that Helmerich and Payne stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does HP drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Helmerich and Payne was unfortunately bought at previous high price.
Drawdowns
Financials for Helmerich and Payne
Income Statement (Last 12 Months)(In Thousands)
| Income Statement (Last 12 Months) | (In Thousands) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 6.5% | 2,844,147 | 2,670,424 | 2,368,799 | 2,058,944 | 1,771,419 | 1,553,399 | 1,381,973 | 1,218,568 | 1,083,028 | 1,068,179 | 1,405,647 | 1,773,927 | 2,214,710 | 2,585,320 | 2,672,549 | 2,798,490 | 2,846,265 | 2,807,163 | 2,663,779 | 2,487,268 | 2,322,747 |
| Costs and Expenses | 2.6% | 2,299,179 | 2,240,476 | 2,136,673 | 2,013,652 | 1,899,961 | 1,793,030 | 1,759,910 | 1,647,117 | 1,489,971 | 1,455,339 | 2,150,425 | 2,394,114 | 2,720,446 | 3,201,346 | 2,674,888 | 2,777,908 | 2,840,491 | 2,627,209 | 2,580,135 | 2,454,304 | 2,340,219 |
| S&GA Expenses | 2.2% | 197,248 | 192,910 | 187,106 | 182,366 | 187,523 | 184,309 | 176,607 | 172,195 | 152,990 | 154,379 | 157,008 | 167,513 | 184,706 | 188,188 | 189,716 | 194,416 | 196,856 | 202,576 | 207,306 | 199,257 | 183,882 |
| EBITDA | -100.0% | - | 845,620 | 635,471 | 453,291 | 280,537 | 186,311 | 33,192 | 2,501 | 31,151 | 53,760 | -294,276 | -130,139 | 9,728 | -80,071 | 561,972 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.32* | 0.27* | 0.22* | 0.16* | 0.12* | 0.02* | 0.00* | 0.03* | 0.05* | -0.21* | -0.07* | 0.00* | -0.03* | 0.21* | - | - | - | - | - | - |
| Interest Expenses | -0.3% | 17,245 | 17,293 | 17,444 | 19,203 | 20,970 | 22,561 | 23,930 | 23,955 | 24,015 | 24,177 | 24,513 | 24,474 | 26,363 | 26,495 | 26,567 | 25,188 | 23,615 | 23,351 | 23,212 | 24,265 | 20,038 |
| Earnings Before Taxes | 26.8% | 552,359 | 435,621 | 218,639 | 30,918 | -146,503 | -246,072 | -404,040 | -441,180 | -420,222 | -403,443 | -777,404 | -636,498 | -523,819 | -646,886 | -16,070 | -51,222 | -60,967 | 128,046 | 25,556 | 15,841 | -31,102 |
| EBT Margin | -100.0% | - | 0.16* | 0.09* | 0.02* | -0.08* | -0.16* | -0.29* | -0.36* | -0.39* | -0.38* | -0.55* | -0.36* | -0.24* | -0.25* | -0.01* | - | - | - | - | - | - |
| Net Income | 23.9% | 402,017 | 324,476 | 155,460 | 6,953 | -117,747 | -191,054 | -307,081 | -326,150 | -305,952 | -295,996 | -595,533 | -494,497 | -394,357 | -503,441 | -22,010 | -33,656 | -72,380 | 74,295 | 1,525 | 482,672 | 457,687 |
| Net Income Margin | -100.0% | - | 0.12* | 0.07* | 0.00* | -0.07* | -0.12* | -0.22* | -0.27* | -0.28* | -0.28* | -0.42* | -0.28* | -0.18* | -0.19* | -0.01* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 213,380 | 120,099 | -16,981 | -44,673 | -59,351 | 40,149 | 54,292 | 113,441 | 287,813 | 298,737 | 398,086 | 466,841 | 456,641 | 449,721 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -0.6% | 4,341 | 4,366 | 4,412 | 4,356 | 4,323 | 4,334 | 4,392 | 5,034 | 4,495 | 4,588 | 4,727 | 4,830 | 4,962 | 5,177 | 5,842 | 5,840 | 5,897 | 6,145 | 6,144 | 6,215 | 6,266 |
| Current Assets | -1.2% | 993 | 1,004 | 1,079 | 1,003 | 946 | 918 | 955 | 1,587 | 984 | 979 | 953 | 963 | 991 | 1,120 | 1,155 | 1,115 | 1,116 | 1,048 | 1,043 | 1,116 | 1,133 |
| Cash Equivalents | 38.2% | 221 | 160 | 229 | 232 | 189 | 202 | 234 | 918 | 371 | 427 | 374 | 488 | 426 | 336 | 355 | 383 | 335 | 244 | 228 | 326 | 306 |
| Inventory | 1.9% | 101 | 99.00 | 91.00 | 88.00 | 86.00 | 84.00 | 87.00 | 84.00 | 91.00 | 97.00 | 99.00 | 104 | 113 | 112 | 149 | 150 | 150 | 162 | 160 | 158 | 152 |
| Net PPE | 0.0% | 2,933 | 2,931 | 2,942 | 2,961 | 2,987 | 3,022 | 3,066 | 3,127 | 3,281 | 3,374 | 3,552 | 3,646 | 3,754 | 3,840 | 4,412 | 4,502 | 4,584 | 4,887 | 4,900 | 4,857 | 4,883 |
| Goodwill | 0.1% | 46.00 | 46.00 | 46.00 | 46.00 | 46.00 | 46.00 | 46.00 | 46.00 | 46.00 | 46.00 | 46.00 | 46.00 | 46.00 | 46.00 | 83.00 | 83.00 | 68.00 | 68.00 | 68.00 | 65.00 | 69.00 |
| Current Liabilities | 4.8% | 433 | 414 | 470 | 395 | 401 | 378 | 399 | 866 | 265 | 252 | 228 | 219 | 242 | 377 | 419 | 410 | 391 | 374 | 386 | 377 | 382 |
| LT Debt, Current | - | - | - | - | - | - | - | - | 483 | - | - | - | - | - | - | - | - | - | - | - | - | - |
| LT Debt, Non Current | 0.4% | 545 | 543 | 543 | 543 | 542 | 542 | 542 | 542 | 481 | 482 | 481 | 481 | 480 | 480 | 479 | 479 | 492 | 491 | 491 | 494 | 494 |
| Shareholder's Equity | -1.7% | 2,708 | 2,756 | 2,745 | 2,765 | 2,733 | 2,734 | 2,777 | 2,913 | 3,008 | 3,084 | 3,225 | 3,319 | 3,396 | 3,461 | 3,976 | 4,012 | 4,095 | 4,319 | 4,326 | 4,383 | 4,442 |
| Retained Earnings | 1.8% | 2,655 | 2,608 | 2,494 | 2,474 | 2,455 | 2,464 | 2,495 | 2,573 | 2,680 | 2,763 | 2,911 | 3,010 | 3,096 | 3,169 | 3,666 | 3,714 | 3,751 | 3,980 | 3,997 | 4,028 | 4,103 |
| Additional Paid-In Capital | 1.6% | 517 | 509 | 513 | 528 | 521 | 515 | 515 | 530 | 523 | 517 | 512 | 522 | 515 | 510 | 499 | 510 | 502 | 493 | 484 | 500 | 495 |
| Shares Outstanding | -3.1% | 99.00 | 103 | 105 | 105 | 105 | 105 | 108 | 108 | 108 | 108 | 108 | 107 | 107 | 109 | 109 | 108 | 109 | 109 | 109 | 109 | 109 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 36.0% | 736 | 541 | 423 | 234 | 163 | 97.00 | 152 | 136 | 182 | 365 | 407 | 539 | 643 | 679 | 758 | 856 | 846 | 759 | 688 | 558 | 502 |
| Share Based Compensation | 3.8% | 31.00 | 30.00 | 30.00 | 28.00 | 28.00 | 28.00 | 27.00 | 28.00 | 26.00 | 30.00 | 34.00 | 36.00 | 41.00 | 39.00 | 37.00 | 34.00 | 34.00 | 33.00 | 32.00 | 32.00 | 30.00 |
| Cashflow From Investing | 2.5% | -235 | -241 | -204 | -167 | -165 | -147 | -141 | -161 | -120 | -101 | -130 | -87.88 | -135 | -176 | -258 | -422 | -504 | -538 | -530 | -472 | -438 |
| Cashflow From Financing | -39.5% | -441 | -316 | -199 | -734 | -197 | -198 | -180 | 426 | -116 | -165 | -249 | -297 | -399 | -400 | -367 | -376 | -320 | -322 | -323 | -319 | -318 |
| Dividend Payments | 14.7% | 179 | 156 | 132 | 107 | 108 | 109 | 110 | 109 | 109 | 159 | 210 | 260 | 311 | 313 | 313 | 313 | 313 | 312 | 310 | 308 | 307 |
| Buy Backs | 70.8% | 249 | 146 | 56.00 | 77.00 | 77.00 | 77.00 | 60.00 | - | 0.00 | 0.00 | 29.00 | 29.00 | 95.00 | 95.00 | - | 43.00 | - | - | - | - | - |
HP Income Statement
2023-06-30UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| OPERATING REVENUES | ||||
| Drilling services | $ 721,567 | $ 547,906 | $ 2,205,419 | $ 1,420,810 |
| Other | 2,389 | 2,327 | 7,396 | 6,802 |
| Total operating revenues | 723,956 | 550,233 | 2,212,815 | 1,427,612 |
| OPERATING COSTS AND EXPENSES | ||||
| Drilling services operating expenses, excluding depreciation and amortization | 429,182 | 376,210 | 1,306,543 | 1,015,621 |
| Other operating expenses | 1,003 | 1,053 | 3,317 | 3,416 |
| Depreciation and amortization | 94,811 | 100,741 | 287,721 | 304,115 |
| Research and development | 7,085 | 6,511 | 22,720 | 19,425 |
| Selling, general and administrative | 49,271 | 44,933 | 150,581 | 135,699 |
| Asset impairment charges | 0 | 0 | 12,097 | 4,363 |
| Restructuring charges | 0 | 33 | 0 | 838 |
| Gain on reimbursement of drilling equipment | (10,642) | (9,895) | (37,940) | (21,597) |
| Other (gain) loss on sale of assets | (4,504) | 3,075 | 394 | 2,762 |
| Total operating costs and expenses | 575,214 | 516,511 | 1,744,645 | 1,459,118 |
| OPERATING INCOME (LOSS) FROM CONTINUING OPERATIONS | 148,742 | 33,722 | 468,170 | (31,506) |
| Other income (expense) | ||||
| Interest and dividend income | 10,748 | 5,313 | 20,508 | 11,301 |
| Interest expense | (4,324) | (4,372) | (12,918) | (14,876) |
| Gain (loss) on investment securities | (18,538) | (14,310) | 6,123 | 55,684 |
| Loss on extinguishment of debt | 0 | 0 | 0 | (60,083) |
| Other | (685) | (1,148) | (2,088) | (2,166) |
| Total unallocated amounts | (12,799) | (14,517) | 11,625 | (10,140) |
| Income (loss) from continuing operations before income taxes | 135,943 | 19,205 | 479,795 | (41,646) |
| Income tax expense (benefit) | 40,663 | 1,730 | 124,187 | (3,166) |
| Income (loss) from continuing operations | 95,280 | 17,475 | 355,608 | (38,480) |
| Income (loss) from discontinued operations before income taxes | 13 | 277 | 870 | (106) |
| Income tax expense | 0 | 0 | 0 | 0 |
| Income (loss) from discontinued operations | 13 | 277 | 870 | (106) |
| NET INCOME (LOSS) | $ 95,293 | $ 17,752 | $ 356,478 | $ (38,586) |
| Basic earnings (loss) per common share: | ||||
| Income (loss) from continuing operations (in dollars per share) | $ 0.93 | $ 0.16 | $ 3.39 | $ (0.37) |
| Income from discontinued operations (in dollars per share) | 0 | 0 | 0.01 | 0 |
| Net income (loss) (in dollars per share) | 0.93 | 0.16 | 3.40 | (0.37) |
| Diluted earnings (loss) per common share: | ||||
| Income (loss) from continuing operations (in dollars per share) | 0.93 | 0.16 | 3.38 | (0.37) |
| Income from discontinued operations (in dollars per share) | 0 | 0 | 0.01 | 0 |
| Net income (loss) (in dollars per share) | $ 0.93 | $ 0.16 | $ 3.39 | $ (0.37) |
| Weighted average shares outstanding: | ||||
| Basic (in shares) | 101,163 | 105,289 | 103,464 | 106,092 |
| Diluted (in shares) | 101,550 | 106,021 | 103,852 | 106,092 |
HP Balance Sheet
2023-06-30UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2023 | Sep. 30, 2022 |
|---|---|---|
| Current Assets: | ||
| Cash and cash equivalents | $ 220,609 | $ 232,131 |
| Restricted cash | 61,364 | 36,246 |
| Short-term investments | 72,609 | 117,101 |
| Accounts receivable, net of allowance of $4,983 and $2,975, respectively | 449,588 | 458,713 |
| Inventories of materials and supplies, net | 101,299 | 87,957 |
| Prepaid expenses and other, net | 86,371 | 66,463 |
| Assets held-for-sale | 988 | 4,333 |
| Total current assets | 992,828 | 1,002,944 |
| Investments | 246,059 | 218,981 |
| Property, plant and equipment, net | 2,932,593 | 2,960,809 |
| Other Noncurrent Assets: | ||
| Goodwill | 45,653 | 45,653 |
| Intangible assets, net | 62,183 | 67,154 |
| Operating lease right-of-use assets | 36,972 | 39,064 |
| Other assets, net | 24,528 | 20,926 |
| Total other noncurrent assets | 169,336 | 172,797 |
| Total assets | 4,340,816 | 4,355,531 |
| Current Liabilities: | ||
| Accounts payable | 151,671 | 126,966 |
| Dividends payable | 48,878 | 26,693 |
| Accrued liabilities | 232,947 | 241,151 |
| Total current liabilities | 433,496 | 394,810 |
| Noncurrent Liabilities: | ||
| Long-term debt, net | 544,996 | 542,610 |
| Deferred income taxes | 541,424 | 537,712 |
| Other | 112,819 | 114,927 |
| Total noncurrent liabilities | 1,199,239 | 1,195,249 |
| Commitments and Contingencies (Note 12) | ||
| Shareholders' Equity: | ||
| Common stock, $0.10 par value, 160,000,000 shares authorized, 112,222,865 shares issued as of June 30, 2023 and September 30, 2022, and 99,426,526 and 105,293,662 shares outstanding as of June 30, 2023 and September 30, 2022, respectively | 11,222 | 11,222 |
| Preferred stock, no par value, 1,000,000 shares authorized, no shares issued | 0 | 0 |
| Additional paid-in capital | 517,259 | 528,278 |
| Retained earnings | 2,655,287 | 2,473,572 |
| Accumulated other comprehensive loss | (11,305) | (12,072) |
| Treasury stock, at cost, 12,796,339 shares and 6,929,203 shares as of June 30, 2023 and September 30, 2022, respectively | (464,382) | (235,528) |
| Total shareholders’ equity | 2,708,081 | 2,765,472 |
| Total liabilities and shareholders' equity | $ 4,340,816 | $ 4,355,531 |
Helmerich & Payne, Inc., together with its subsidiaries, provides drilling services and solutions for exploration and production companies. The company operates through three segments: North America Solutions, Offshore Gulf of Mexico, and International Solutions. The North America Solutions segment drills primarily in Colorado, Louisiana, Montana, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, Texas, Utah, West Virginia, and Wyoming. It also focuses on developing, promoting, and commercializing technologies designed to enhance the drilling operations, as well as wellbore quality and placement. The Offshore Gulf of Mexico segment has drilling operations in Louisiana and in U.S. federal waters in the Gulf of Mexico. The International Solutions segment conducts drilling operations in Argentina, Bahrain, Colombia, and the United Arab Emirates. As of September 30, 2021, the company operated a fleet of 236 land rigs in North America; 30 international land rigs; and 7 offshore platform rigs. It also owns, develops, and operates commercial real estate properties. The company's real estate investments include a shopping center comprising approximately 390,000 leasable square feet; and approximately 176 acres of undeveloped real estate located in Tulsa, Oklahoma. Helmerich & Payne, Inc. was founded in 1920 and is headquartered in Tulsa, Oklahoma.