Helmerich & Payne, Inc.
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Helmerich & Payne, Inc. - overview
Established
1920
Location
Tulsa, OK, US
Primary Industry
Oil & Gas
About
Helmerich & Payne, Inc. provides drilling solutions specializing in advanced technology for the oil and gas industry, alongside geothermal energy sectors, focusing on operational efficiency and safety through innovative equipment and services. Founded in 1920 in Tulsa, US, Helmerich & Payne, Inc. operates in the oil and gas sector, providing drilling services.
The company is led by CEO John Lindsay and executives Thomas Wright and Tom Pestorius. It has undergone strategic shifts to enhance service offerings. Helmerich & Payne has its headquarters in Tulsa, Oklahoma, US. Helmerich & Payne, Inc.
(H&P) offers a comprehensive suite of products and services primarily focused on drilling solutions for the oil and gas industry, as well as geothermal energy sectors. Their core offerings include advanced drilling automation technology through the FlexFusion® system and various drilling rig designs, specifically the FlexRig® fleet, which enhances operational efficiency and safety. H&P's Managed Pressure Drilling (MPD) technology allows for tailored solutions that improve wellbore placement and minimize drilling risks, catering especially to clients requiring high-precision drilling operations in challenging environments. The company serves a diverse client base, including major oil and gas operators globally, focusing on key markets such as North America, Europe, and the Middle East, where they deliver both onshore and offshore drilling services.
Helmerich & Payne generates revenue through a combination of contractual agreements and service partnerships with clients in the oil and gas sector. In the most recent year, the company reported revenue of USD 2,756. 61 mn and an EBITDA of USD 859. 80 mn.
Their revenue streams are structured around long-term contracts for drilling services, often involving performance-based agreements. Their flagship products, such as the FlexRig® system and MPD technology, form a critical part of these agreements, ensuring that clients receive tailored services to meet industry demands.
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Exploration and Production, Oil & Gas Equipment and Services, Petrochemicals
Website
www.hpinc.com
Total Amount Raised
Subscriber access only
Helmerich & Payne, Inc. - timeline of key events
Helmerich & Payne, Inc. - financials
| Fiscal Year Ended | Sep 30, 2014 | Sep 30, 2015 | Sep 30, 2016 | Sep 30, 2017 | Sep 30, 2018 | Sep 30, 2019 | Sep 30, 2020 | Sep 30, 2021 | Sep 30, 2022 | Sep 30, 2023 | Sep 30, 2024 | Sep 30, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 3,719,707,000 | 3,165,441,000 | 1,624,232,000 | 1,804,741,000 | 2,487,268,000 | 2,798,490,000 | 1,773,927,000 | 1,218,568,000 | 2,058,944,000 | - | - | - |
| % Revenue Growth (YoY) | - | (14.9%) | (48.7%) | 11.1% | 37.8% | 12.5% | (36.6%) | (31.3%) | 69.0% | - | - | - |
| EBITDA (USD) | 1,578,336,000 | 1,283,491,000 | 573,789,000 | 414,057,000 | 616,471,000 | 585,117,000 | (136,485,000) | (7,400,000) | 449,662,000 | - | - | - |
| Operating Income (USD) | 1,054,787,000 | 675,750,000 | (25,966,000) | (172,541,000) | 31,602,000 | 20,582,000 | (620,187,000) | (428,549,000) | 45,292,000 | - | - | - |
| Operating Margin | 28.4% | 21.3% | (1.6%) | (9.6%) | 1.3% | 0.7% | (35.0%) | (35.2%) | 2.2% | - | - | - |
| % EBITDA Margin | 42.4% | 40.5% | 35.3% | 22.9% | 24.8% | 20.9% | (7.7%) | (0.6%) | 21.8% | - | - | - |
| NET Income (USD) | 708,719,000 | 422,225,000 | (56,828,000) | (128,212,000) | 482,672,000 | (33,656,000) | (494,497,000) | (326,150,000) | 6,953,000 | - | - | - |
| % Net Margin | 19.1% | 13.3% | (3.5%) | (7.1%) | 19.4% | (1.2%) | (27.9%) | (26.8%) | 0.3% | - | - | - |
Helmerich & Payne, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| N/A | Completed | Utica Square | - | ||||||||
| Trade Sale | Completed | KCA Deutag Group | - |
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Helmerich & Payne, Inc. - employee data
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