Helmerich & Payne, Inc.
Formentera Partners, Daly Waters Energy (DWE) and INPEX said they contracted Helmerich & Payne’s (HP) H&P FlexRig® for Australia’s Beetaloo Basin. The HP-480 rig is due in Q2 2027, with capacity through end of decade and option to extend to 2032. The partners cite appraisal and development progress and a 40 MMcf/d Northern Territory gas supply contract starting Q3 2026.
Formentera Partners, Daly Waters Energy (DWE) and INPEX contracted Helmerich & Payne’s (NYSE: HP) H&P FlexRig® for drilling in Australia’s Beetaloo Basin. The HP-480 rig is expected to arrive in Q2 2027, supports extended-reach laterals over 20,000 feet, and secures capacity through end of decade with option to 2032. First gas from a 40 MMcf/d NT contract is targeted for Q3 2026.
Helmerich & Payne (NYSE:HP) reported Q2 CY2026 results. Revenue was $1.03 billion, flat year on year but 5.4% above Wall Street estimates. GAAP profit was $0.74 per share, above analysts’ consensus. The article also cites adjusted EBITDA margin of 22.8% and notes the stock was about $33.59 after results.
Over the past 7 days, alphai's AI scored 4 news stories mentioning HP (Helmerich & Payne, Inc.). Coverage has skewed bullish: 4 bullish, 0 neutral, and 0 bearish.
Recent HP coverage spans market movers, financial news and earnings.
In the last 30 days, HP insiders filed 1 SEC Form 4 transaction — no purchases and 1 sale ($175K). The most active reporter was Lennox Michael, EVP, WESTERN HEMISPHERE LAND, with 1 filing. 100% of activity was filed under pre-arranged Rule 10b5-1 plans.
The contract is a multi-year drilling-rig utilization tailwind for HP, tied to Beetaloo Basin appraisal and development ramp.
The contract adds multi-year drilling capacity visibility for HP in Australia, supporting backlog and utilization assumptions.
Beat on EPS and revenue versus expectations, but flat YoY sales and lower EBITDA margin suggest mixed fundamentals for near-term positioning.
Quarterly earnings and segment operating metrics, including a four-year Norway contract renewal and shareholder dividend return, are likely to drive near-term sentiment and positioning.
Analyst PT reset and model framing around oil-price downside and post–fiscal Q3 momentum risk can pressure near-term sentiment and valuation expectations.
alphai scores every news story that mentions HP with an AI model for sentiment and relevance, and aggregates insider trades from Helmerich & Payne, Inc.'s SEC EDGAR Form 4 filings. Figures refresh continuously.
Formentera Partners, Daly Waters Energy (DWE) and INPEX said they contracted Helmerich & Payne’s (HP) H&P FlexRig® for Australia’s Beetaloo Basin. The HP-480 rig is due in Q2 2027, with capacity through end of decade and option to extend to 2032. The partners cite appraisal and development progress and a 40 MMcf/d Northern Territory gas supply contract starting Q3 2026.
4 min readFormentera Partners, Daly Waters Energy (DWE) and INPEX contracted Helmerich & Payne’s (NYSE: HP) H&P FlexRig® for drilling in Australia’s Beetaloo Basin. The HP-480 rig is expected to arrive in Q2 2027, supports extended-reach laterals over 20,000 feet, and secures capacity through end of decade with option to 2032. First gas from a 40 MMcf/d NT contract is targeted for Q3 2026.
4 min readHelmerich & Payne (NYSE:HP) reported Q2 CY2026 results. Revenue was $1.03 billion, flat year on year but 5.4% above Wall Street estimates. GAAP profit was $0.74 per share, above analysts’ consensus. The article also cites adjusted EBITDA margin of 22.8% and notes the stock was about $33.59 after results.
7 min readHelmerich & Payne, Inc. (HP) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 q3fy26earningsrelease.htm EX-99.1 Document Exhibit 99.1 NEWS RELEASE August 5, 2026 HELMERICH & PAYNE, INC. ANNOUNCES FISCAL THIRD QUARTER RESULTS Operating and Financial Highlights for the Quarter Ended June 30, 2026 • H&P announced consolidated revenue of $1.035 billi
6 min readCiti cut Helmerich & Payne’s (NYSE:HP) price target to $36 from $38 on June 29 and kept a Neutral rating, citing updated land-driller models and a “crossroads” view. Citi expects momentum in fiscal Q3 but flags risk after that as 2027 oil prices fell toward $66. Goldman raised HP’s PT to $41 from $35, also Neutral.
3 min readCore Laboratories and Helmerich & Payne shares rose in the afternoon after the U.S. launched self-defense strikes on Iran, with Trump warning Iran would “have to pay the price.” The EIA reported a 7.2 million-barrel weekly crude draw (7th straight) and lower Cushing stocks. Oilfield services firms benefit as upstream drilling/completions increase.
5 min readShares in Weatherford, ProFrac and Helmerich & Payne rose after Israel and Iran launched direct strikes over the weekend, a key test of the ceasefire, briefly lifting Brent above $98. Oil-linked gains moderated as Trump called for an immediate ceasefire and WTI eased to about $91 (+1%). ProFrac jumped 6.1% and is up 79.3% YTD.
6 min readThe S&P 500 rose about 0.5% to a record, with the article citing Iran ceasefire headlines as a driver of the rally from roughly 6300. Tech stocks led, including IBM (+8.7%), HP (+8.6%), Oracle (+9%), Nvidia (+6%) and Micron (+7.5%). Meta fell 3.9%. The piece also notes reports of SpaceX targeting a $1.8T valuation and Anthropic filing for an IPO.
6 min readOn May 19, 2026, BofA analyst Saurabh Pant raised Helmerich & Payne’s (HP) price target to $44 from $41 and kept a Buy rating, citing updated oilfield services models after Q1 earnings and 10-Q filings. BofA said 2027 and 2028 EBITDA forecasts are about 10% and 16% above consensus. Piper Sandler raised its target to $43 from $41 with an Overweight rating.
4 min readDell shares rose 33% after the company reported a strong quarter driven by AI server demand and price increases, according to the article. Dell’s AI server revenue was $16.1B versus $14.6B from PCs. Infrastructure solutions led for four straight quarters. LSEG data showed a median $255 price target, up from $170.
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