Full-Time
Posted on 5/9/2026
$25 - $34.50/hr
Midland, TX, USA + 5 more
More locations: Grand Junction, CO, USA | Dickinson, United States | Oklahoma City, OK, USA | Tyler, TX, USA | Wheeling, WV, USA
In Person
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 has completed the sale of Tulsa retail centre Utica Square to funds managed by Northwood Investors, using after-tax proceeds to largely retire its remaining term loan balance. The divestiture supports the company's debt reduction plan following its KCA Deutag acquisition. The sale aligns with management's portfolio optimisation strategy, which targets cost synergies of $50 million to $75 million from the KCA Deutag deal. The improved balance sheet flexibility could support margin expansion efforts through digitalisation and automation, even if rig counts remain under pressure. The company's investment narrative centres on maintaining demand for high-spec drilling and digital tools whilst improving leverage. Analyst projections for 2028 range from $3.6 billion to $3.9 billion in revenue, with earnings estimates between $232 million and $276 million.
Helmerich & Payne's joint venture, Turan Drilling and Engineering Company, has secured a five-year offshore operations and maintenance contract renewal with BP in the Caspian Sea offshore Azerbaijan, effective March 2026. The deal includes three one-year extension options that could bring total value to over $1 billion if fully exercised. The announcement follows mixed financial results for Helmerich & Payne, which reported a net loss of $97 million in its fiscal first quarter of 2026, including a $103 million non-cash impairment charge. However, adjusted earnings reached $14 million. The company generated $230 million in consolidated adjusted EBITDA, repaid $260 million on its term loan and returned $25 million to shareholders. Citi analyst Scott Gruber recently raised the company's price target to $38 from $33.
Helmerich & Payne reported a consolidated net loss of $97 million, or $0.98 per share, for the quarter ended 31 December 2025, including a $103 million non-cash impairment charge. Adjusted earnings were a loss of $14 million, or $0.15 per share. The company's North America Solutions segment generated operating income of $36 million, down from $118 million in the prior quarter, including a $98 million impairment. Direct margins reached $239 million. International Solutions reported an operating loss of $55 million, improving from $76 million in the previous quarter. Helmerich & Payne successfully deployed its FlexRobotics Technology system for a Super Major in the Permian Basin. The company repaid $260 million on its $400 million term loan and returned approximately $25 million to shareholders through dividends.
Helmerich & Payne reported a consolidated net loss of $97 million, or $0.98 per share, for the quarter ended 31 December 2025, including a $103 million non-cash impairment charge. Adjusted for non-recurring items, the loss was $14 million, or $0.15 per share. The drilling company's North America Solutions segment generated operating income of $36 million, including a $98 million impairment. Direct margins reached $239 million, whilst International Solutions posted a reduced operating loss of $55 million. Consolidated adjusted EBITDA totalled $230 million. Helmerich & Payne has repaid $260 million of its $400 million term loan and expects full repayment by the third fiscal quarter of 2026. The company returned approximately $25 million to shareholders through dividends and successfully deployed its FlexRobotics technology for a major client in the Permian Basin.
Helmerich & Payne announces private offering of senior notes to fund KCAD acquisition. Learn about the financial strategy, redemption clause, and potential market impact of this significant move.