NYSE:HPEnergy Services
Planned CEO Transition and Deleveraging Push Might Change The Case For Investing In Helmerich & Payne (HP)
Helmerich & Payne announced that long-time CEO John Lindsay will retire as CEO and director after the March 4, 2026 annual meeting, with current President Raymond John “Trey” Adams set to assume the CEO role and Lindsay staying on as senior advisor through December 2026 to aid the transition.
Alongside this planned leadership handover, the company reaffirmed its shareholder focus with a US$0.25 quarterly dividend declaration and outlined disciplined capital spending and debt repayment goals...