HELMERICH & PAYNE, INC. FORMED JOINT VENTURE WINS SIGNIFICANT OFFSHORE OPERATIONS AND MAINTENANCE CONTRACT IN THE CASPIAN SEA
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 hours ago
0mins
Should l Buy HP?
Source: moomoo
Joint Venture Announcement: Helmerich & Payne, Inc. has formed a joint venture focused on offshore operations and maintenance contracts in the Caspian Sea.
Focus on Offshore Operations: The joint venture aims to secure major contracts for offshore operations, enhancing the company's presence in the region.
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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: 34.790
Low
26.00
Averages
31.45
High
36.00
Current: 34.790
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.
Helmerich & Payne Releases 2025 Sustainability Report
- Greenhouse Gas Reduction Achievement: North America Solutions (NAS) rig engine greenhouse gas emissions intensity has decreased by approximately 13% since 2022, indicating significant progress in reducing environmental impact and enhancing the company's competitive edge in sustainability.
- Long-term Target Achievement: The company has achieved over a 33% reduction in greenhouse gas emissions intensity from the 2018 baseline, continuing to advance towards its 2030 long-term reduction target, demonstrating a strong commitment to environmental responsibility and enhancing brand reputation.
- Safety and Environmental Goals: H&P completed its fiscal 2025 Environmental and Safety Actively C.A.R.E. Goals and set new targets for 2026, reflecting ongoing efforts in safety culture and environmental management aimed at delivering long-term value for customers and communities.
- Governance and Transparency Improvement: The company continues to align with Sustainability Accounting Standards Board (SASB), Task Force on Climate-related Financial Disclosures (TCFD), and Global Reporting Initiative (GRI) guidelines, achieving an ISS Governance Score of 1 (highest) and a Sustainalytics ESG Risk Rating of 19.8, further boosting investor confidence.
See More
TURAN and bp Renew Offshore Contract in Caspian Sea
- Contract Renewal Value: TURAN's five-year contract renewal with bp in Azerbaijan could exceed $1 billion if all extension options are exercised, reflecting the stability and trust in their long-term partnership.
- Expanded Service Scope: Under the agreement, TURAN will provide operations and maintenance services for eight offshore platforms, including personnel, maintenance execution, spare parts, warehousing, and a newly established asset integrity and maintenance engineering team, enhancing service comprehensiveness and professionalism.
- Deepened Collaboration: This contract marks a new phase in TURAN's partnership with bp in Azerbaijan, emphasizing deeper collaboration, shared performance objectives, and unified production goals aimed at improving overall operational efficiency.
- Industry Leadership: H&P has operated in Azerbaijan since the mid-1990s, continuously supporting bp's offshore assets with integrated drilling, maintenance, and engineering capabilities, further solidifying its leadership position in the region.
See More
HELMERICH & PAYNE, INC. FORMED JOINT VENTURE WINS SIGNIFICANT OFFSHORE OPERATIONS AND MAINTENANCE CONTRACT IN THE CASPIAN SEA
Joint Venture Announcement: Helmerich & Payne, Inc. has formed a joint venture focused on offshore operations and maintenance contracts in the Caspian Sea.
Focus on Offshore Operations: The joint venture aims to secure major contracts for offshore operations, enhancing the company's presence in the region.
See More
Helmerich & Payne Releases 2025 Sustainability Report
- Sustainability Progress: Helmerich & Payne (H&P) published its 2025 Sustainability Report, showcasing its sustainability programs and performance metrics as of September 30, 2025, indicating ongoing efforts in environmental, talent, and governance areas to enhance corporate image and meet stakeholder expectations.
- Leadership Commitment: CEO John Lindsay highlighted the company's progress in sustainability and emphasized the ongoing commitment to safety culture and environmental stewardship, reflecting H&P's leadership position and dedication to social responsibility within the industry.
- Global Integration: Incoming CEO Trey Adams pledged to strengthen the integration of the global organization, enhancing safety culture and sense of belonging, aiming to deliver long-term value for customers and communities, which underscores the company's steadfast commitment to sustainability.
- Operational Overview: As of February 2026, H&P's fleet includes 203 land rigs in the U.S., 131 international land rigs, and 4 offshore platform rigs, demonstrating the company's robust operational capacity and technological innovation in the global drilling market.
See More
Transocean Stock Drops 6.12% After 52-Week High
- Stock Price Fluctuation: Transocean closed at $6.14, down 6.12%, primarily due to profit-taking after last week's 52-week high and reassessment of its all-stock acquisition of Valaris, raising investor concerns.
- Surge in Trading Volume: Today's trading volume reached 80.8 million shares, approximately 98% above the three-month average of 40.9 million shares, indicating heightened market interest and active trading in Transocean's stock.
- Acquisition Impact Analysis: The $5.8 billion acquisition of Valaris is expected to yield cost synergies and position Transocean as the world's largest offshore drilling contractor with over 70 rigs and an estimated $10 billion backlog, although shareholder concerns about stock dilution and potential legal issues persist.
- Investor Focus: Investors will closely monitor Transocean's Q4 earnings report on February 19, particularly regarding the financial details of the Valaris deal, to assess future profitability and market performance.
See More
Helmerich & Payne Q1 2026 Earnings Call Highlights
- Financial Performance Exceeds Expectations: Helmerich & Payne reported $1 billion in revenue for Q1 2026, marking the third consecutive quarter at this level, with adjusted EBITDA of $230 million driven by strong performance in the International Solutions segment, despite a net loss of $0.98 per share impacted by $103 million in non-cash charges.
- Operational Efficiency Improvement: The company averaged 143 rigs in operation during the first quarter, with North American Solutions generating a direct margin of $239 million, indicating its competitive edge and technological advantages, and is expected to maintain an operational rig count of 132 to 138 in the second quarter.
- Technological Innovation Advancement: The newly launched FlexRobotics automated drilling technology is seen as a key advancement in enhancing safety and capability, with management emphasizing continued investment in innovation to strengthen global competitiveness and create value.
- Optimistic Future Outlook: Management anticipates a gradual recovery in oil and gas activity in the latter half of 2026, with International Solutions expected to generate direct margins between $12 million and $22 million, reflecting confidence in market recovery while continuing to focus on deleveraging and shareholder returns.
See More
Helmerich & Payne Releases 2025 Sustainability Report
- Greenhouse Gas Reduction Achievement: North America Solutions (NAS) rig engine greenhouse gas emissions intensity has decreased by approximately 13% since 2022, indicating significant progress in reducing environmental impact and enhancing the company's competitive edge in sustainability.
- Long-term Target Achievement: The company has achieved over a 33% reduction in greenhouse gas emissions intensity from the 2018 baseline, continuing to advance towards its 2030 long-term reduction target, demonstrating a strong commitment to environmental responsibility and enhancing brand reputation.
- Safety and Environmental Goals: H&P completed its fiscal 2025 Environmental and Safety Actively C.A.R.E. Goals and set new targets for 2026, reflecting ongoing efforts in safety culture and environmental management aimed at delivering long-term value for customers and communities.
- Governance and Transparency Improvement: The company continues to align with Sustainability Accounting Standards Board (SASB), Task Force on Climate-related Financial Disclosures (TCFD), and Global Reporting Initiative (GRI) guidelines, achieving an ISS Governance Score of 1 (highest) and a Sustainalytics ESG Risk Rating of 19.8, further boosting investor confidence.
See More
TURAN and bp Renew Offshore Contract in Caspian Sea
- Contract Renewal Value: TURAN's five-year contract renewal with bp in Azerbaijan could exceed $1 billion if all extension options are exercised, reflecting the stability and trust in their long-term partnership.
- Expanded Service Scope: Under the agreement, TURAN will provide operations and maintenance services for eight offshore platforms, including personnel, maintenance execution, spare parts, warehousing, and a newly established asset integrity and maintenance engineering team, enhancing service comprehensiveness and professionalism.
- Deepened Collaboration: This contract marks a new phase in TURAN's partnership with bp in Azerbaijan, emphasizing deeper collaboration, shared performance objectives, and unified production goals aimed at improving overall operational efficiency.
- Industry Leadership: H&P has operated in Azerbaijan since the mid-1990s, continuously supporting bp's offshore assets with integrated drilling, maintenance, and engineering capabilities, further solidifying its leadership position in the region.
See More
HELMERICH & PAYNE, INC. FORMED JOINT VENTURE WINS SIGNIFICANT OFFSHORE OPERATIONS AND MAINTENANCE CONTRACT IN THE CASPIAN SEA
Joint Venture Announcement: Helmerich & Payne, Inc. has formed a joint venture focused on offshore operations and maintenance contracts in the Caspian Sea.
Focus on Offshore Operations: The joint venture aims to secure major contracts for offshore operations, enhancing the company's presence in the region.
See More
Helmerich & Payne Releases 2025 Sustainability Report
- Sustainability Progress: Helmerich & Payne (H&P) published its 2025 Sustainability Report, showcasing its sustainability programs and performance metrics as of September 30, 2025, indicating ongoing efforts in environmental, talent, and governance areas to enhance corporate image and meet stakeholder expectations.
- Leadership Commitment: CEO John Lindsay highlighted the company's progress in sustainability and emphasized the ongoing commitment to safety culture and environmental stewardship, reflecting H&P's leadership position and dedication to social responsibility within the industry.
- Global Integration: Incoming CEO Trey Adams pledged to strengthen the integration of the global organization, enhancing safety culture and sense of belonging, aiming to deliver long-term value for customers and communities, which underscores the company's steadfast commitment to sustainability.
- Operational Overview: As of February 2026, H&P's fleet includes 203 land rigs in the U.S., 131 international land rigs, and 4 offshore platform rigs, demonstrating the company's robust operational capacity and technological innovation in the global drilling market.
See More
Transocean Stock Drops 6.12% After 52-Week High
- Stock Price Fluctuation: Transocean closed at $6.14, down 6.12%, primarily due to profit-taking after last week's 52-week high and reassessment of its all-stock acquisition of Valaris, raising investor concerns.
- Surge in Trading Volume: Today's trading volume reached 80.8 million shares, approximately 98% above the three-month average of 40.9 million shares, indicating heightened market interest and active trading in Transocean's stock.
- Acquisition Impact Analysis: The $5.8 billion acquisition of Valaris is expected to yield cost synergies and position Transocean as the world's largest offshore drilling contractor with over 70 rigs and an estimated $10 billion backlog, although shareholder concerns about stock dilution and potential legal issues persist.
- Investor Focus: Investors will closely monitor Transocean's Q4 earnings report on February 19, particularly regarding the financial details of the Valaris deal, to assess future profitability and market performance.
See More
Helmerich & Payne Q1 2026 Earnings Call Highlights
- Financial Performance Exceeds Expectations: Helmerich & Payne reported $1 billion in revenue for Q1 2026, marking the third consecutive quarter at this level, with adjusted EBITDA of $230 million driven by strong performance in the International Solutions segment, despite a net loss of $0.98 per share impacted by $103 million in non-cash charges.
- Operational Efficiency Improvement: The company averaged 143 rigs in operation during the first quarter, with North American Solutions generating a direct margin of $239 million, indicating its competitive edge and technological advantages, and is expected to maintain an operational rig count of 132 to 138 in the second quarter.
- Technological Innovation Advancement: The newly launched FlexRobotics automated drilling technology is seen as a key advancement in enhancing safety and capability, with management emphasizing continued investment in innovation to strengthen global competitiveness and create value.
- Optimistic Future Outlook: Management anticipates a gradual recovery in oil and gas activity in the latter half of 2026, with International Solutions expected to generate direct margins between $12 million and $22 million, reflecting confidence in market recovery while continuing to focus on deleveraging and shareholder returns.
See More
