On the Record · Helmerich & Payne
Helmerich & Payne acquisitions, on the record
The businesses Helmerich & Payne bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
trucking services assetsWord for word“The sale of our trucking services assets was completed on November 3, 2021, while the sale of our casing running services assets was completed on November 15, 2021, for total consideration less costs to sell of $6.0 million, in addition to the possibility of future earnout proceeds, resulting in a loss of $3.4 million.” 10-K for 2023 | divestiture | completed on November 3, 2021 | total consideration less costs to sell of $6.0 million |
casing running services assetsWord for word“The sale of our trucking services assets was completed on November 3, 2021, while the sale of our casing running services assets was completed on November 15, 2021, for total consideration less costs to sell of $6.0 million, in addition to the possibility of future earnout proceeds, resulting in a loss of $3.4 million.” 10-K for 2023 | divestiture | completed on November 15, 2021 | total consideration less costs to sell of $6.0 million |
two international FlexRig drilling rigsWord for word“During the second quarter of fiscal year ended September 30, 2022 , we completed the sale of the two international FlexRig ® drilling rigs for total consideration of $ 0.9 million, resulting in no gain or loss as a result of the sale.” 10-K for 2023 | divestiture | During the second quarter of fiscal year ended September 30, 2022 | — |
KCA Deutag International LimitedWord for word“On July 25, 2024, H&P and certain of its wholly owned subsidiaries entered into a Sale and Purchase Agreement (the "Purchase Agreement") to acquire KCA Deutag for total cash consideration of approximately $2.0 billion, which consists of the $0.9 billion unadjusted share purchase price and $1.1 billion to contemporaneously repay or redeem certain of KCA Deutag's existing debt upon consummation of the acquisition (the "Acquisition").” 10-K for 2024 | agreed acquisition | On July 25, 2024 | approximately $2.0 billion |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2017-09-30 | $70.4 million | $47 million |
| 2018-09-30 | $47.9 million | $17.8 million |
| 2019-09-30 | $16.2 million | $18 million |
| 2020-09-30 | $0 | $1.2 million |
| 2021-09-30 | $0 | $0 |
| 2022-09-30 | — | $0 |
| 2023-09-30 | $0 | $0 |
| 2024-09-30 | $0 | $0 |
| 2025-09-30 | $1.84 billion | $298.2 million |
Deal filings since 2016
- 2025-01-16 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2024-09-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-08-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-07-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-09-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-09-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-12-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-05-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-09-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-07-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Helmerich & Payne’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2025-11-21. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.