Full-Time
Onshore and offshore drilling services
No salary listed
Tulsa, OK, USA
In Person
Preferred travel is less than 10%, with probable destinations including India and the United States.
Bachelor's, Master's
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Helmerich & Payne provides drilling services for oil and gas on land, internationally, and offshore. It operates and maintains drilling rigs and related equipment to enable customers to extract resources, using advanced rig technologies and drilling solutions to boost productivity, reliability, and safety. The company differentiates itself through deep industry experience (dating back to 1920), a reputation as a trusted partner, and a focus on dependable performance, safety, and efficiency for customers. Its primary goal is to help customers increase drilling productivity, minimize downtime, and improve safety and efficiency across all rig operations.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Tulsa, Oklahoma
Founded
1920
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Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Health Savings Account/Flexible Spending Account
401(k) Retirement Plan
401(k) Company Match
Parental Leave
Family Planning Benefits
Fertility Treatment Support
Adoption Assistance
Flexible Spending or Health Savings Accounts
Learning & Development Opportunities
Educational Assistance
Parental & Adoption Benefits
Disability Coverage
Employee Assistance Program
Flexible Scheduling
Flex-scheduling available for qualifying positions to achieve work-life integration
401k match
Paid Leave Plans
Leave Plans
Leave Plans
504
Helmerich & Payne reported second-quarter revenue of $1.03 billion, beating analyst estimates of $982.1 million despite flat year-on-year sales. The company attributed the performance to increased rig reactivations in North America, expansion in Argentina, and resilient offshore operations. Adjusted EBITDA reached $234.2 million, exceeding expectations of $214.1 million with a 22.6% margin. Operating margin improved to 18.2%, up from negative 12.3% in the prior-year quarter. CEO Raymond John Adams highlighted the company's ability to deliver margin growth whilst reactivating 10 rigs across its Lower 48 fleet. Technology-driven efficiencies helped offset volatility in the Middle East and challenging pricing conditions. However, adjusted earnings per share of negative $0.11 significantly missed analyst estimates of $0.10.
Helmerich & Payne has secured a long-term FlexRig contract with Formentera Partners, Daly Waters Energy, and INPEX in Australia's Beetaloo Basin, locking in drilling capacity into the next decade. The deal follows the company's fiscal Q3 2026 results showing quarterly revenue of $1.03 billion and net income of $75.68 million. The firm also raised its North America rig-count guidance and announced a $0.25 cash dividend. Shares have climbed to $37.10, posting an 8.61% return over seven days and 23.91% year to date. The one-year total shareholder return stands at 119.57%. Analysts maintain a consensus price target of $41.47, suggesting potential upside from current levels.
Helmerich & Payne reported third-quarter revenue of $1.03 billion for the period ended June 2026, down 0.6% year-over-year but beating the consensus estimate by 4.7%. The company posted a loss of $0.11 per share, missing expectations of $0.11 profit and contrasting with $0.22 earnings in the prior-year quarter. North America Solutions generated $562.9 million in operating revenue, exceeding the $548.37 million analyst estimate despite a 5% yearly decline. The segment's operating income reached $140.31 million, surpassing the $130.81 million consensus. Offshore Solutions revenue hit $174.41 million, beating estimates and rising 7.8% year-over-year. International Solutions brought in $250.12 million, above the $239.85 million forecast but down 5.9% annually. The company operated 142 average active rigs in North America, closely matching analyst projections.
Helmerich & Payne reported second quarter 2026 results that exceeded analyst expectations. The land drilling contractor posted revenue of $1.03 billion, beating estimates of $982.1 million by 5.4%, though sales were flat year on year. The company's GAAP earnings per share came in at $0.74, significantly above the consensus estimate of -$0.15. Adjusted EBITDA reached $236.1 million with a 22.8% margin, beating forecasts by 10.2%. Operating margin improved to 18.2%, up from -12.3% in the same quarter last year. The company operates the largest fleet of super-spec rigs in North America, providing drilling services to oil and gas companies. Over the past five years, Helmerich & Payne achieved 30.3% annualised revenue growth.
The energy sector has gained 19.5% over the past six months, outperforming the S&P 500 by 11.5 percentage points, driven by lower interest rates and AI energy demands. However, not all energy companies are equally positioned. Halliburton faces challenges with a weak gross margin of 16.8% and trades at 13.6x forward P/E. NOV has seen sales decline 3.3% annually over the past decade, with a gross margin of 20.3% and poor free cash flow margin of 3.4%. Helmerich & Payne stands out positively, having achieved 32.2% annual revenue growth over five years. The company operates North America's largest super-spec rig fleet and has expanded its EBITDA margin by 11 percentage points during this period.