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

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

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

April 24, 2019 5:03 PM EDT

Quarterly U.S. Land adjusted average rig revenue increased by more than $450(1) per day, up approximately 2% sequentially Quarterly U.S. Land adjusted average rig margin increased by approximately $900(1) per day, up more than 8% sequentially H&P upgraded 9 FlexRigs® to super-spec(2) capacity during the second fiscal quarter of 2019 The Company signed a letter of intent to deploy its first super-spec FlexRig to an international market Achieved commercialization of our drilling automation technology, AutoSlideSM in the Midland Basin and just last week deployed into the... More