Helmerich & Payne, Inc. bonds HP
Who owns Helmerich & Payne, Inc.'s debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. HP stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 423452AL5 | 4.65% fixed | 2027-12-01 | USD | 99.87 | 4.75% | 64 bp | 7 | $28.3M | Jul 2026 |
| 423452AM3 | 4.85% fixed | 2029-12-01 | USD | 99.49 | 5.01% | 74 bp | 14 | $21.3M | Jul 2026 |
| 423452AG6 | 2.9% fixed | 2031-09-29 | USD | 88.81 | 5.41% | 107 bp | 9 | $31.0M | Jul 2026 |
| 423452AN1 | 5.5% fixed | 2034-12-01 | USD | 96.84 | 5.99% | 146 bp | 15 | $31.8M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 4 | $112.3M | 98.17 | 5.21% | 91 bp | 15 |
| Jun 2026 | 4 | $241.8M | 98.98 | 5.03% | 86 bp | 37 |
| May 2026 | 4 | $126.9M | 99.54 | 4.93% | 80 bp | 16 |
| Apr 2026 | 4 | $114.0M | 99.41 | 4.96% | 104 bp | 15 |
| Mar 2026 | 4 | $276.7M | 99.21 | 5.00% | 116 bp | 38 |
| Feb 2026 | 4 | $146.1M | 100.87 | 4.46% | 80 bp | 16 |
| Jan 2026 | 4 | $113.1M | 99.95 | 4.70% | 93 bp | 14 |
| Dec 2025 | 4 | $321.9M | 99.53 | 4.88% | 118 bp | 37 |
| Nov 2025 | 4 | $157.7M | 100.05 | 4.87% | 119 bp | 17 |
| Oct 2025 | 4 | $107.9M | 99.28 | 4.99% | 133 bp | 13 |
| Sep 2025 | 4 | $341.4M | 98.81 | 5.07% | 138 bp | 36 |
| Aug 2025 | 4 | $161.2M | 97.96 | 5.16% | 134 bp | 17 |
| Jul 2025 | 5 | $115.3M | 92.24 | 5.98% | 191 bp | 12 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 21 added, 30 cut, 1 new holders and 3 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $49.6M | $45.3M | -$7.4M |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $35.3M | $35.2M | $0 |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $34.9M | $33.2M | $671K |
| Lord Abbett Short Duration Income Fund LORD ABBETT INVESTMENT TRUST | 2026-05-31 | $32.6M | $32.7M | -$12.8M |
| Baird Short-Term Bond Fund Baird Funds Inc | 2026-06-30 | $32.2M | $32.1M | $0 |
| Loomis Sayles Investment Grade Bond Fund LOOMIS SAYLES FUNDS II | 2026-06-30 | $22.2M | $21.8M | -$17.1M |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $24.4M | $21.7M | $0 |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $21.8M | $21.1M | $0 |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $11.5M | $11.5M | $4.1M |
| Dimensional Global Core Plus Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $11.9M | $11.5M | $656K |
| Baird Core Plus Bond Fund Baird Funds Inc | 2026-06-30 | $11.5M | $11.5M | $0 |
| Bridge Builder Core Plus Bond Fund Bridge Builder Trust | 2026-06-30 | $11.5M | $11.3M | -$8.9M |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $10.9M | $10.3M | $325K |
| Baird Aggregate Bond Fund Baird Funds Inc | 2026-06-30 | $10.0M | $10.0M | $0 |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $8.3M | $7.9M | $10K |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $6.5M | $6.2M | -$600K |
| Ambrus Core Bond Fund FundVantage Trust | 2026-06-30 | $6.5M | $5.8M | $0 |
| Dimensional Global Credit ETF Dimensional ETF Trust | 2026-07-31 | $5.9M | $5.7M | $200K |
| VANGUARD CORE BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $6.2M | $5.7M | $0 |
| Loomis Sayles Income Fund LOOMIS SAYLES FUNDS I | 2026-06-30 | $5.8M | $5.7M | -$4.4M |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $5.7M | $5.3M | $370K |
| State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $5.2M | $5.2M | $1.8M |
| DFA Global Core Plus Fixed Income Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $5.0M | $4.8M | $0 |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $5.0M | $4.7M | $179K |
| Victory Income Fund Victory Portfolios III | 2026-07-31 | $4.0M | $3.9M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): VANGUARD STAR CORE-PLUS BOND FUND ($1.2M), State Street(R) SPDR(R) Portfolio Aggregate Bond ETF ($200K), Diversified Income Fund ($100K).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $49.6M | $45.3M | 0.07% |
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 4 | $34.9M | $33.2M | 0.01% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $11.5M | $11.5M | 0.02% |
| DFGP Dimensional Global Core Plus Fixed Income ETF | 2026-07-31 | 2 | $11.9M | $11.5M | 0.34% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 2 | $10.9M | $10.3M | 0.02% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $8.3M | $7.9M | 0.04% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 4 | $6.5M | $6.2M | 0.00% |
| DGCB Dimensional Global Credit ETF | 2026-07-31 | 2 | $5.9M | $5.7M | 0.53% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 2 | $5.7M | $5.3M | 0.05% |
| SPSB State Street(R) SPDR(R) Portfolio Short Term Corporate Bond ETF | 2026-06-30 | 1 | $5.2M | $5.2M | 0.05% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 4 | $5.0M | $4.7M | 0.04% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 1 | $3.5M | $3.5M | 0.01% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 4 | $3.6M | $3.4M | 0.02% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $3.4M | $3.4M | 0.02% |
| DFCF Dimensional Core Fixed Income ETF | 2026-07-31 | 2 | $3.3M | $2.9M | 0.03% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 4.57: safer than 44% of companies (52th percentile in Energy). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $3.82B |
| Debt barrier (short-term + ½ long-term debt) | $934.5M |
| Equity volatility (1 year) | 43.3% |
| Asset value / asset volatility (solved) | $4.72B / 35.1% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 91 bp spread prices in about 1.5% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Altman Z'' = 2.89 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in HP's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 35 | $10.1M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 362 | $3.34B | 9 | $13.5M | 9 | $23.3M | 1 |
| 2026-03-31 | 356 | $3.06B | 11 | $16.0M | 9 | $28.4M | 1 |
| 2025-12-31 | 346 | $2.66B | 12 | $27.2M | 14 | $49.6M | 1 |
| 2025-09-30 | 326 | $2.10B | 13 | $23.3M | 15 | $39.1M | 1 |
| 2025-06-30 | 331 | $1.46B | 13 | $17.5M | 14 | $22.7M | 1 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.