Helmerich & Payne (HP) Tops Q1 EPS by 12c, Revenue Beats

(Updated - January 30, 2019 11:30 AM EST)

Helmerich & Payne (NYSE: HP) reported Q1 EPS of $0.42, ex-items, versus the analyst estimate of $0.30. Revenue for the quarter came in at $741 million versus the consensus estimate of $713.59 million.

Net income per diluted share for the first fiscal quarter of 2019 and the fourth fiscal quarter of 2018 include $(0.25) and $(0.17), respectively, of after-tax losses comprised of select items(3). For the first fiscal quarter select items(3) were comprised of:

• $0.20 of after-tax gains related to early termination, gains on sales, certain discrete tax items and gains from discontinued operations related to currency fluctuations
• $(0.45) of after-tax losses related to abandonments and accelerated depreciation, bond exchange fees, a lawsuit settlement and a non-cash fair market adjustment to our equity investments

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

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