Helmerich Payne (HP) Posts Q4 Loss of 68c/Share

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Go back to Helmerich Payne (HP) Posts Q4 Loss of 68c/Share

Helmerich & Payne, Inc. Announces Fiscal Year-End Results

November 17, 2016 6:00 AM EST

TULSA, Okla., Nov. 17, 2016 (GLOBE NEWSWIRE) -- Helmerich & Payne, Inc. (NYSE: HP) reported a net loss of $57 million (negative $0.54 per diluted share) from operating revenues of $1.6 billion for its fiscal year ended September 30, 2016, compared to net income of $420 million1 ($3.85 per diluted share) from operating revenues of $3.2 billion for its prior fiscal year ended September 30, 2015.  Included in net income (loss) per diluted share for fiscal 2016 and fiscal 2015 are approximately $0.54 and $0.86, respectively, in after-tax income related to a combination of select items as described in a separate section of this press release.  Select items, among others, include... More