Every material Form 8-K Helmerich & Payne filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Helmerich & Payne said it expects direct margins for its North America, International and Offshore Solutions segments to be at or near the high end of previously issued guidance for the fourth quarter of fiscal 2026. The company also said all other financial guidance from its August 5, 2026 earnings release is unchanged, and it maintained its base dividend and its target of about 1x net debt to adjusted EBITDA by calendar year-end 2027. These figures are preliminary, unaudited and subject to financial closing procedures.
North America Solutions rig count expected near the high end of the fiscal Q4 2026 guidance range
International Solutions direct margins expected to be around $45 million for the quarter
International and Offshore Solutions rig counts expected near the midpoint of their guidance ranges
All other guidance from the August 5, 2026 earnings release is unchanged
Helmerich & Payne's board ratified pay increases for CEO Trey Adams and CFO Todd Scruggs, effective October 1, 2026. Adams' base salary rises to $1,000,000 and Scruggs' to $570,000, with higher target bonus and equity award levels for fiscal 2027. The changes raise executive pay costs, but the filing discloses no financial results or performance effects.
CEO Trey Adams' base salary increases to $1,000,000 effective October 1, 2026
Adams' target bonus rises to 130% of base salary and target long-term equity award to 500% of base salary for fiscal 2027
CFO Todd Scruggs' base salary increases to $570,000 effective October 1, 2026, with target bonus at 100% of base salary for fiscal 2027
Board ratified the changes on September 16, 2026, based on Human Resources Committee approval
Helmerich & Payne reported third-quarter fiscal 2026 revenue of $1.035 billion, up from $932 million in the prior quarter but about even with $1.041 billion a year earlier. GAAP net income attributable to the company was $76 million, or $0.74 per diluted share, helped by a gain of approximately $115 million on the Utica Square sale; excluding select items, the company reported an adjusted loss of $(10) million, or $(0.11) per share.
Revenue of $1.035 billion for the quarter ended June 30, 2026, versus $932 million in the March 2026 quarter and $1.041 billion in the June 2025 quarter.
GAAP net income attributable to Helmerich & Payne of $76 million ($0.74 per diluted share), compared with a net loss of $(163) million a year earlier; adjusted loss of $(10) million ($(0.11) per share).
Fourth-quarter direct margin guidance: North America Solutions $245-255 million, International Solutions $25-45 million, Offshore Solutions $26-30 million.
CFO Todd Scruggs cited company-wide initiatives to increase efficiency, reduce cost, simplify the portfolio and accelerate deleveraging; long-term debt was $1.855 billion at June 30, 2026, down from $2.057 billion at September 30, 2025.
Helmerich & Payne reported a fiscal second-quarter net loss attributable to the company of $58.6 million, or $(0.59) per diluted share, compared with net income of $1.7 million a year earlier. Revenue fell to $932.4 million from $1,016.0 million a year earlier, and the loss included a $26.1 million asset impairment charge. CFO Kevin Vann is preparing to depart the company, a leadership change shareholders will track alongside the weaker results.
Quarterly revenue of $932.4 million, down from $1,016.0 million a year earlier and $1,017.0 million in the prior quarter
Net loss attributable to the company of $58.6 million, or $(0.59) per share, versus $0.01 per diluted share a year earlier; adjusted loss was $(0.38) per share
North America Solutions operating income of $111.3 million, with direct margin of $215.2 million; third-quarter direct margin guidance is $230 million to $240 million for that segment
CFO Kevin Vann is preparing to depart the organization; the CEO said he will work with Todd Scruggs on the company's next chapter
Helmerich & Payne said CFO Kevin Vann will retire effective June 30, 2026, and its board appointed Todd Scruggs, the company's Vice President, Corporate Finance and Treasurer, to succeed him as Senior Vice President and Chief Financial Officer effective July 1, 2026. The change follows the appointment of Trey Adams as President and CEO on March 4, 2026, and the filing says Vann's retirement is not the result of any disagreement with the company.
Kevin Vann informed the company on March 10, 2026 that he will retire as SVP and CFO effective June 30, 2026.
Todd Scruggs, who has been VP, Corporate Finance and Treasurer since November 2024, becomes SVP and CFO on July 1, 2026, with an annual base salary of $475,000 and a 90% target bonus for calendar 2026.
Vann will serve as a non-executive Senior Advisor from July 1 through December 31, 2026, at a $309,000 annual base salary, and receives a one-time $750,000 bonus payable in two parts.
At its annual meeting on March 4, 2026, Helmerich & Payne stockholders elected all ten director nominees to serve until the 2027 annual meeting and approved the Amended and Restated 2024 Omnibus Incentive Plan. The plan allows grants of stock options, restricted shares, share units and cash awards to officers, employees, consultants and non-employee directors. Stockholders also ratified Ernst & Young LLP as auditor and approved executive pay in an advisory vote.
Ten directors elected to serve until the Company's 2027 annual meeting; Donald F. Robillard, Jr. and John D. Zeglis were among them, with Randy A. Foutch receiving 70,902,402 votes for and 10,377,704 against
Amended and Restated 2024 Omnibus Incentive Plan approved: 76,288,754 votes for, 4,915,503 against, 155,481 abstentions
Ernst & Young LLP ratified as independent auditor for fiscal year ending September 30, 2026: 89,092,847 votes for, 3,179,499 against
Advisory vote on named executive compensation approved: 79,238,113 votes for, 1,941,021 against, 180,604 abstentions
Helmerich & Payne reported a fiscal first-quarter net loss of $97 million, or $0.98 per diluted share, for the quarter ended December 31, 2025, compared with a loss of $0.58 per share in the prior quarter and net income of $54.8 million, or $0.54 per diluted share, a year earlier. Revenue rose to $1.02 billion from $677.3 million a year earlier, but the loss reflects a $103 million non-cash impairment charge, and CEO John Lindsay plans to retire in March.
Net loss of $97 million, or $0.98 per share, including a $103 million non-cash impairment charge; adjusted loss was $14 million, or $0.15 per share
Operating revenues of $1.02 billion, compared with $1.01 billion in the prior quarter and $677.3 million a year earlier
Term loan repaid by $260 million of the $400 million balance as of end of January; full repayment expected by end of fiscal third quarter 2026
Second-quarter guidance: North America Solutions direct margin of $205 million to $230 million; International Solutions $12 million to $22 million; Offshore Solutions $20 million to $30 million
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