Helmerich & Payne (NYSE: HP) reported Q3 EPS of ($0.43), $0.26 better than the analyst estimate of ($0.69). Revenue for the quarter came in at $317.4 million versus the consensus estimate of $311.91 million.

• including select items(1) of $(0.09) per diluted share

Other Estimates for Fiscal Year 2020

• Gross capital expenditures are now expected to be approximately $150 to $165 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 approximately $35 million in fiscal year 2020.
• General and administrative expenses for fiscal year 2020 are expected to be less than $175 million, excluding any future one-time items
• Depreciation is now expected to be approximately $475 million

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