Helmerich & Payne (HP) Tops Q3 EPS by 26c

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Go back to Helmerich & Payne (HP) Tops Q3 EPS by 26c

Helmerich & Payne, Inc. Announces Third Quarter Results

July 28, 2020 4:45 PM EDT

Reported a net loss of $(0.43) per diluted share; including select items(1) of $(0.09) per diluted share The Company realigned its financial reporting into three operating segments - North America Solutions, International Solutions and Offshore Gulf of Mexico Quarterly North America Solutions operating gross margins(2) decreased $98 million to $102 million sequentially, as revenues decreased by $292 million to $254 million and expenses decreased by $194 million to $153 million The Company took additional actions reducing its cost structure by an additional $25 million annually bringing total... More