Helmerich & Payne, Inc. Overview
Pro stress-test →Helmerich & Payne provides drilling solutions and technologies for oil and gas exploration and production companies. The company also owns and operates commercial real estate properties, including a shopping center. Founded in 1920, H&P is a diversified energy services provider with global operations across North America, offshore, and international markets.
Strategic Profile
Pro stress-test →The company is focused on expansion in digitalization, automation, and advanced rig technology to reinforce pricing power, with international growth initiatives supporting long-term revenue visibility and strong cash flow generation. Strategic priorities include debt reduction, with the company having repaid $260 million of its $400 million term loan as of January 31, 2026, targeting a net debt to EBITDA ratio of approximately 1X while maintaining investment grade status.
Competitive Landscape
Pro stress-test →H&P operates through three segments: North America Solutions (primarily in Texas), Offshore Solutions (Louisiana, U.S. federal waters, North Sea, Norwegian Sea, Caspian Sea), and International Solutions (Saudi Arabia, Argentina, Bahrain, Oman, Germany, Kuwait). Major competitors include Patterson-UTI Energy, Nabors Industries, and Transocean.
Industry Context
Helmerich & Payne, Inc. operates in Oil & Gas Services / Contract Drilling.
Key facts
Founded: 1920 · Headquarters: Tulsa, Oklahoma · Revenue: $1.02B (Q1 2026) · Market cap: $2.9B