Helmerich & Payne (HP) Reports Q2 Loss Per Share of $3.88

Helmerich & Payne (NYSE: HP) reported Q2 EPS of ($3.88), may not compare to the analyst estimate of $0.02. Revenue for the quarter came in at $634 million versus the consensus estimate of $557.47 million.

Other Estimates for Fiscal Year 2020

• Gross capital expenditures are expected to be approximately $185 to $205 million. Asset sales include reimbursements for lost and damaged tubulars and sales of other used drilling equipment that offset a portion of the gross capital expenditures and are expected to total $30 to $40 million in fiscal year 2020.
• General and administrative expenses for fiscal year 2020 are expected to be approximately $180 million, excluding any future one-time items
• Depreciation is expected to be approximately $485 million

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

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