Helmerich & Payne, Inc. Announces Second Quarter Fiscal 2019 Results

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Go back to Helmerich & Payne, Inc. Announces Second Quarter Fiscal 2019 Results

Helmerich & Payne (HP) Tops Q2 EPS by 17c, Revenues Beat

April 24, 2019 5:04 PM EDT

Helmerich & Payne (NYSE: HP) reported Q2 EPS of $0.55, $0.17 better than the analyst estimate of $0.38. Revenue for the quarter came in at $721 million versus the consensus estimate of $711.49 million.

President and CEO John Lindsay commented, From the outset, this was a quarter challenged by industry uncertainty, so I am pleased to report that the Company not only stayed on target and delivered sequentially improved net income, but also achieved two significant milestones.

Concern over crude oil prices persisted from the prior quarter which softened demand for incremental super-spec rigs, but H&P completed the... More