{ "schemaVersion": 1, "organisationId": "O-b72515fe948145a2a77ced6abd89855e", "slug": "helmerich-payne-inc", "name": "Helmerich & Payne, Inc.", "updatedAt": "2026-10-02T13:54:44.669908Z", "sections": [ { "type": "OVERVIEW", "text": "Helmerich & Payne, Inc. (H&P) is an energy-sector drilling-solutions and oilfield-services company founded in 1920. It designs, fabricates and operates land and offshore drilling rigs and provides drilling technologies and services, including automation and directional drilling. Its core businesses are organized as North America Solutions, International Solutions and Offshore Solutions. [P102903393][https://www.hpinc.com/about-hp]\n\nThe company is headquartered in the United States and operates across North America and international markets. Its acquisition of KCA Deutag expanded its land and offshore presence across regions including the Middle East, South America, Europe and Africa. H&P reported FY2025 revenue of $3.746 billion; its company-reported post-acquisition profile described a global team of 18,000 operating in more than 30 countries. [P13356717][P47810393][T4864208][https://www.hpinc.com/adipec]\n\nH&P emphasizes integrity, safety and innovation in its stated principles. FY2025 is its latest full-year reporting period identified, covering the year ended September 30, 2025. [https://www.hpinc.com/wp-content/uploads/2026/02/HP-2025-Sustainability-Report.pdf][D175019]\n[P102903393][https://www.hpinc.com/about-hp][P13356717][P47810393][T4864208][https://www.hpinc.com/adipec][https://www.hpinc.com/wp-content/uploads/2026/02/HP-2025-Sustainability-Report.pdf][D175019][https://www.hpinc.com/about-hp][https://www.hpinc.com/adipec][https://www.hpinc.com/wp-content/uploads/2026/02/HP-2025-Sustainability-Report.pdf]", "updatedAt": "2026-10-02T13:54:44.669908Z" }, { "type": "PRODUCTS", "text": "Helmerich & Payne’s principal offering is contract drilling, delivered as an integrated service combining drilling rigs, rig technology, automation software, and digital expertise. Most drilling work is priced on a daywork basis; the company does not report individual product or technology revenue as a separate share of performance. [P150198351][P150198271]\n\nIts rig portfolio includes the FlexRig 3, configured with AC drive, 1,500-hp drawworks and a 750,000-lb hookload rating, with optional skidding or walking systems, a third mud pump, and a 7,500-psi high-pressure mud system. The FlexRig 4 is a compact, mobile rig with a 300,000-lb mast, 400-hp top drive, and two mud pumps; it can drill horizontal or vertical wells and is primarily used for vertical drilling. [P39335173][P62872624] H&P also offers offshore platform drilling and management services. [P150198423][P150198145]\n\nTechnology offerings include the Bit Guidance System (BGS) for directional-drilling guidance and performance feedback; AutoSlide, which automates toolface orientation and slide execution; FlexFusion, which integrates rig controls and technologies to automate stand drilling; and FlexOscillator, which oscillates the drillstring during sliding to help reduce friction. [https://www.hpinc.com/technologies/bit-guidance-system][https://www.hpinc.com/technologies/autoslide-technology][https://www.hpinc.com/technologies/flexfusion-technology][https://www.hpinc.com/technologies/flexoscillator-technology] Rig-floor automation includes HexGrip 120, a remotely controlled floor wrench rated up to 100,000 ft-lb makeup torque and 120,000 ft-lb breakout torque, with connection-data recording. [https://www.hpinc.com/technologies/rig-floor-automation]\n[P150198351][P150198271][P39335173][P62872624][P150198423][P150198145][https://www.hpinc.com/technologies/bit-guidance-system][https://www.hpinc.com/technologies/autoslide-technology][https://www.hpinc.com/technologies/flexfusion-technology][https://www.hpinc.com/technologies/flexoscillator-technology][https://www.hpinc.com/technologies/rig-floor-automation]", "updatedAt": "2026-10-02T13:54:44.669908Z" }, { "type": "GEOGRAPHY", "text": "Helmerich & Payne’s FY2025 operations were concentrated in the United States and in international markets including Saudi Arabia, Argentina, Oman, Bahrain, Germany, Colombia and Kuwait. Its international rig fleet also included equipment in Pakistan, Australia and other locations. The company is headquartered in Tulsa, Oklahoma. [P79432572][P150198351][https://www.hpinc.com/contact]\n\nBy service location, the United States accounted for about 66.3% of FY2025 revenue. The largest foreign country shares were Saudi Arabia (7.0%), Norway (5.9%), Oman (4.8%), Argentina (4.2%) and Azerbaijan (3.4%); Germany, Colombia, Bahrain, Kuwait and other foreign locations made up the remainder. [T11978335]\n[P79432572][P150198351][T11978335][T11978335][T11978335][T11978335][T11978335][T11978335][T11978335][T11978335][T11978335][T11978335][T11978335][https://www.hpinc.com/contact]", "updatedAt": "2026-10-02T13:54:44.669908Z" }, { "type": "SEGMENTS", "text": "Helmerich & Payne reports three operating segments. North America Solutions provides land-drilling services, principally in U.S. basins; International Solutions provides land-drilling services outside the U.S.; and Offshore Solutions provides offshore platform drilling and management-contract services for customer-owned platforms. [P102903393][P79432572][P79421913]\n\nFor FY2025, the latest full fiscal year with reported segment revenue as of October 2, 2026, North America Solutions generated approximately $2,361.3 million, or 63.0% of consolidated revenue; International Solutions generated approximately $797.9 million, or 21.3%; and Offshore Solutions generated approximately $520.4 million, or 13.9%. Percentages use each segment’s external-customer revenue divided by consolidated revenue of $3,746.0 million. [T4864208][https://www.sec.gov/Archives/edgar/data/46765/000004676525000071/hp-20250930.htm]\n\nH&P also separately describes “Other operations,” primarily BENTEC manufacturing and engineering and commercial real estate; this is not identified as a reportable operating segment. The company renamed its former Offshore Gulf of Mexico segment Offshore Solutions during FY2025. [P27589860][P44790251]\n[P102903393][P79432572][P79421913][T4864208][P27589860][P44790251][https://www.sec.gov/Archives/edgar/data/46765/000004676525000071/hp-20250930.htm]", "updatedAt": "2026-10-02T13:54:44.669908Z" }, { "type": "HISTORY", "text": "Helmerich & Payne traces its origins to 1920, when Walter “Walt” Helmerich II and William “Bill” Payne met while working on a cable rig in Texas. The company was incorporated in Delaware in 1940, and expanded into offshore operations in 1968. [P6349060][https://www.hpinc.com/about-hp][P50360139]\n\nFrom 2005, H&P increasingly built new FlexRigs against firm contracts. It introduced its first walking rig in 2017, adapting a skid-designed FlexRig. [P28679416][P7158589] In 2014, John W. Lindsay succeeded Hans Helmerich as CEO. [https://www.sec.gov/Archives/edgar/data/46765/000110465913065266/a13-18971_1ex99d1.htm] H&P completed its approximately $2 billion acquisition of KCA Deutag in January 2025, adding international land and offshore drilling operations. [P42433829][P13356717] Trey Adams succeeded Lindsay as president and CEO in March 2026. 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