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
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 over the next 12 months. According to Wall Street analysts, the average 1-year price target for HP is 31.45 USD with a low forecast of 26.00 USD and a high forecast of 36.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
6 Buy
6 Hold
1 Sell
Moderate Buy
Current: 33.100
Low
26.00
Averages
31.45
High
36.00
Current: 33.100
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.
Seadrill (SDRL) Shares Surge 8.9% on $235M New Contracts Announcement
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Helmerich & Payne Appoints Trey Adams as New CEO, Ensuring Smooth Succession Plan
- 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.
Continue Reading