NYSE:HPEnergy Services
Helmerich & Payne Debt Cut Highlights Cash Generation And Dividend Resilience
Helmerich & Payne (NYSE:HP) recently reduced its term loan by US$260 million ahead of schedule.
The company reported strong free cash flow while covering rig reactivation costs in international markets.
Dividends were maintained even as the rig market has been soft.
For you as an investor, this mix of debt reduction and steady cash generation is a notable development. Helmerich & Payne is a contract driller focused on providing rigs and related services to energy producers, a segment that...