Helmerich & Payne Files 8-K
Ticker: HP · Form: 8-K · Filed: Oct 9, 2024 · CIK: 46765
| Field | Detail |
|---|---|
| Company | Helmerich & Payne, INC. (HP) |
| Form Type | 8-K |
| Filed Date | Oct 9, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.10, $100.0 million, $197.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: sec-filing, regulation-fd
Related Tickers: HP
TL;DR
HP filed a standard 8-K, no new info for traders.
AI Summary
Helmerich & Payne, Inc. filed an 8-K on October 9, 2024, reporting a Regulation FD Disclosure. The filing does not contain specific financial figures or new material events beyond the standard reporting requirements for this form type.
Why It Matters
This filing indicates Helmerich & Payne is complying with SEC reporting requirements. It does not provide new operational or financial information that would immediately impact investors.
Risk Assessment
Risk Level: low — The filing is a routine disclosure and does not contain any new material information that would pose an immediate risk.
Key Players & Entities
- Helmerich & Payne, Inc. (company) — Registrant
- HP (company) — Commonly referred to ticker
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to serve as a Regulation FD Disclosure, indicating compliance with SEC reporting requirements.
What is the date of the earliest event reported in this filing?
The date of the earliest event reported in this filing is October 9, 2024.
What is the company's principal executive office address?
The company's principal executive office is located at 222 North Detroit Avenue, Tulsa, OK 74120.
What is the trading symbol for Helmerich & Payne's common stock?
The trading symbol for Helmerich & Payne's common stock is HP.
On which exchange is Helmerich & Payne's common stock registered?
Helmerich & Payne's common stock is registered on the NYSE.
Filing Stats: 536 words · 2 min read · ~2 pages · Grade level 9.9 · Accepted 2024-10-09 06:32:24
Key Financial Figures
- $0.10 — ange on which registered Common Stock ($0.10 par value) HP NYSE Check the appropri
- $100.0 million — ch & Payne, Inc. (the "Company") made a $100.0 million cornerstone investment in ADNOC Drillin
- $197.0 million — for aggregate proceeds of approximately $197.0 million and closing is expected to take place b
Filing Documents
- hp-20241009.htm (8-K) — 21KB
- 0000046765-24-000061.txt ( ) — 141KB
- hp-20241009.xsd (EX-101.SCH) — 2KB
- hp-20241009_lab.xml (EX-101.LAB) — 21KB
- hp-20241009_pre.xml (EX-101.PRE) — 12KB
- hp-20241009_htm.xml (XML) — 3KB
01 REGULATION FD DISCLOSURE
ITEM 7.01 REGULATION FD DISCLOSURE As previously disclosed, Helmerich & Payne, Inc. (the "Company") made a $100.0 million cornerstone investment in ADNOC Drilling Company P.J.S.C. ("ADNOC Drilling"), for 159.7 million shares of ADNOC Drilling (the "Shares"). The Company has agreed to sell the Shares for aggregate proceeds of approximately $197.0 million and closing is expected to take place by mid-October. The Company intends to use the net proceeds from the sale of the Shares to reduce the commitments under its bridge loan facility in connection with the Company's previously announced pending acquisition of KCA Deutag International Limited. The information in this Item 7.01 of this Current Report on Form 8-K is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HELMERICH & PAYNE, INC. By: /s/ William H. Gault Name: William H. Gault Title: Date: Corporate Secretary October 9, 2024