Helmerich & Payne (HP) Reports Q4 Loss per Share of $0.55

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Go back to Helmerich & Payne (HP) Reports Q4 Loss per Share of $0.55

Helmerich & Payne, Inc. Announces Fiscal Fourth Quarter & Fiscal Year Results

November 19, 2020 4:15 PM EST

The Company ended the quarter with $577 million in cash and short-term investments and no amounts drawn on its $750 million revolving credit facility culminating in over $1.3 billion in liquidity H&P expects its first quarter of fiscal 2021 North America Solutions rig count to exit at approximately 90 rigs up over 30% during the quarter Reported a fiscal fourth quarter net loss of $(0.55) per diluted share; including select items(1) of $0.19 per diluted share Quarterly North America Solutions operating gross margins(2) decreased $63 million to $39... More