Helmerich & Payne (HP) Reports In-Line Q3 EPS

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Go back to Helmerich & Payne (HP) Reports In-Line Q3 EPS

Helmerich & Payne, Inc. Announces Third Quarter Results

July 28, 2021 4:15 PM EDT

H&P's North America Solutions segment exited the third quarter of fiscal year 2021 with 121 active rigs, up over 10% during the quarter The Company ended the quarter with $558 million in cash and short-term investments and no amounts drawn on its $750 million revolving credit facility culminating in approximately $1.3 billion in available liquidity Quarterly North America Solutions operating gross margins(1) increased $11 million to $75 million sequentially, as revenues increased by $31 million to $281 million and expenses increased by $20 million to $206 million The Company reported a... More