Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Helmerich & Payne, Inc. (HP) is a U.S.-based energy services company primarily engaged in the contract drilling of oil and gas wells. The company operates within the oilfield services industry, with a core focus on providing technologically advanced land drilling rigs and related services to exploration and production companies. HP’s revenue is overwhelmingly driven by its contract drilling activities, particularly in unconventional shale plays, where demand for high-specification rigs is concentrated.
Founded in 1920, Helmerich & Payne evolved from an energy investment enterprise into a specialized drilling contractor over several decades. Its strategic shift toward technologically differentiated rigs, especially its proprietary FlexRig® design, positioned the company as a leading provider of high-performance land rigs in the United States. This focus has historically enabled HP to maintain higher utilization rates and margins relative to many peers during industry cycles.
Business Operations
Helmerich & Payne conducts operations primarily through its North America Solutions, International Solutions, and Offshore Gulf of Mexico business segments. The North America Solutions segment is the dominant revenue contributor, providing land-based drilling rigs and associated services to U.S. oil and gas producers, particularly in major shale basins. Revenue is generated through dayrate contracts, performance-based agreements, and ancillary service offerings.
The company owns and operates a fleet of high-specification land rigs incorporating automation, digital controls, and advanced walking systems. International operations span selected markets in South America, the Middle East, and other regions, while offshore operations are limited and represent a small portion of total revenue. HP operates primarily through wholly owned subsidiaries and does not rely heavily on joint ventures for its core drilling business.
Strategic Position & Investments
Helmerich & Payne’s strategy centers on capital discipline, technological leadership, and maintaining a premium fleet capable of meeting evolving customer requirements. Growth initiatives emphasize rig automation, digital drilling solutions, and performance-based contracting models designed to improve efficiency and well economics for customers. The company has also invested in software-enabled drilling optimization and data analytics to enhance operational performance.
Strategically, HP has pursued selective acquisitions and internal investments rather than large-scale mergers. Notable investments include enhancements to its FlexRig® fleet and continued development of proprietary drilling technologies. While the company has explored diversification opportunities, its primary strategic focus remains on high-performance land drilling rather than broad oilfield services expansion.
Geographic Footprint
Helmerich & Payne is headquartered in Tulsa, Oklahoma, and its operations are heavily concentrated in North America, particularly the United States. The company maintains a significant presence across major shale-producing regions, including the Permian Basin, Eagle Ford, Bakken, and Marcellus/Utica.
Internationally, HP operates in select markets across South America, the Middle East, and parts of Asia, though these regions contribute a smaller share of total revenue compared to the U.S. market. The company’s global footprint reflects a strategy of targeting regions where demand exists for high-specification land rigs and where contractual and regulatory frameworks support long-term operations.
Leadership & Governance
Helmerich & Payne is led by an executive team with deep experience in drilling operations, capital management, and energy markets. The leadership emphasizes operational excellence, technological innovation, and shareholder returns, with governance practices aligned with U.S. public company standards.
Key executives include:
- John W. Lindsay – President & Chief Executive Officer
- Kevin V. Montgomery – Executive Vice President & Chief Financial Officer
- Dave Wilson – Senior Vice President, Operations
- Dave Riddell – Senior Vice President, Business Development
- John Bell – Vice President & Chief Accounting Officer
The company maintains a board structure that separates oversight and management responsibilities and emphasizes risk management, capital allocation discipline, and long-term value creation.