Helmerich Payne (HP) Posts Q1 GAAP EPS of $1.37

Helmerich Payne (NYSE: HP) reported Q2 EPS of $1.37, versus the analyst estimate of $0.20. Revenue for the quarter came in at $883.05 million versus the consensus estimate of $764.9 million.

Included in net income per diluted share corresponding to this year's second fiscal quarter are approximately $0.44 of after-tax gains from long-term contract early termination compensation from customers (which favorably impacted net income by approximately $47 million), $0.02 of after-tax gains related to the sale of used drilling equipment, and $0.05 of after-tax losses from abandonment charges related to the decommissioning of the Company's 17 SCR powered FlexRigs®*.

For earnings history and earnings-related data on Helmerich Payne (HP) click here.

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