Helmerich & Payne (HP) to Buy KCA Deutag for $1.97B in Cash
Helmerich & Payne (HP) agrees to acquire KCA Deutag for $1.9725 billion in cash to accelerate international expansion, particularly in the Middle East, creating a global drilling powerhouse.
Helmerich & Payne, Inc. (HP) Q3 2024 Earnings and Acquisition of KCA Deutag Call Transcript
Helmerich & Payne, Inc. (NYSE:HP ) Q3 2024 Earnings and Acquisition of KCA Deutag Call July 25, 2024 11:00 AM ET Company Participants Dave Wilson – Vice President-Investor Relations John Lindsay – President and Chief Executive Officer Mark Smith – Senior Vice President and Chief Financial Officer Conference Call Participants Saurabh Pant – Bank of America Merrill Lynch Keith MacKey – RBC David Smith – Pickering Energy Partners Doug Becker – Capital One Marc Bianchi – TD Cowen Operator Good day, everyone, and welcome to today's Helmerich & Payne's Fiscal Third Quarter Earnings and Acquisition of KCA Deutag Call. [Operator Instructions] And as a reminder, today's call is being recorded.
Helmerich & Payne (HP) Q3 Earnings and Sales Beat Estimates
Helmerich & Payne (HP) estimates a capital expenditure of $500 million for the fiscal year 2024, with depreciation and amortization expenses of $400 million.
Helmerich & Payne to buy KCA Deutag for $1.97 billion
Oilfield services firm Helmerich & Payne Inc said on Thursday it will acquire KCA Deutag International for $1.97 billion in cash.
Helmerich & Payne (HP) Tops Q3 Earnings and Revenue Estimates
Helmerich & Payne (HP) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $1.09 per share a year ago.
What's in Store for Helmerich & Payne (HP) in Q3 Earnings?
Helmerich & Payne (HP) is anticipated to report a decline in fiscal third-quarter revenues from the year-ago period's level. On the bright side, the company is also expected to see a reduction in operating costs and expenses.
Analysts Estimate Helmerich & Payne (HP) to Report a Decline in Earnings: What to Look Out for
Helmerich & Payne (HP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
HP names Karen Parkhill its new chief of finance
HP Inc (NYSE: HP) is in focus this morning after naming Karen Parkhill its new chief of finance. Shares of the tech giant are currently up more than 30% versus their year-to-date low in mid-April.
Why Is Helmerich & Payne (HP) Down 8.3% Since Last Earnings Report?
Helmerich & Payne (HP) reported earnings 30 days ago. What's next for the stock?
