Helmerich & Payne Appoints Trey Adams as New CEO, Ensuring Smooth Succession Plan
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 11 2025
0mins
Should l Buy HP?
Source: Newsfilter
- Leadership Transition: Helmerich & Payne announced that CEO John Lindsay will retire on March 4, 2026, with current President Trey Adams succeeding him, ensuring a smooth leadership transition for the company.
- Successor Background: Trey Adams has held various roles within the company, bringing extensive operational experience and leadership skills, and is expected to continue focusing on safety, performance, and technological innovation to enhance customer partnerships.
- Lindsay's Contributions: Under Lindsay's leadership for 12 years, Helmerich & Payne navigated multiple industry cycles and a global pandemic, strengthening the company's culture and financial discipline significantly.
- Technology Investments: Lindsay spearheaded the acquisition of five technology companies, modernizing the company's capabilities and improving customer performance, solidifying Helmerich & Payne's position as a leader in the global land drilling sector.
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Analyst Views on HP
Wall Street analysts forecast HP stock price to fall
13 Analyst Rating
6 Buy
6 Hold
1 Sell
Moderate Buy
Current: 34.540
Low
26.00
Averages
31.45
High
36.00
Current: 34.540
Low
26.00
Averages
31.45
High
36.00
About HP
Helmerich & Payne, Inc., through its subsidiaries, designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. It develops and implements advanced automation, directional drilling and survey management technologies. Its segments include North America Solutions, International Solutions, and Offshore Gulf of Mexico. The North America Solutions segment has operations which are located in Texas and other states, including Colorado, Louisiana, Montana, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, Utah, and West Virginia. The Offshore Gulf of Mexico segment has operations that are located in Louisiana and in the United States federal waters in the Gulf of Mexico. The International Solutions segment has rigs and/or services located in five international locations: Argentina, Australia, Bahrain, Colombia, and Saudi Arabia. It owns and operates a number of commercial real estate properties located in Tulsa, Oklahoma.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Management Transition: Northwood Investors has assumed ownership of Utica Square, with its affiliate Northwood Retail LLC managing the property, ensuring the continued success and development of this retail center.
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