Helmerich & Payne (HP) Tops Q3 EPS by 20c

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Go back to Helmerich & Payne (HP) Tops Q3 EPS by 20c

Helmerich & Payne, Inc. Announces Third Quarter Results

July 27, 2022 4:15 PM EDT

The Company reported fiscal third quarter net income of $0.16 per diluted share; including select items(1) of $(0.11) per diluted share H&P's North America Solutions segment exited the third quarter of fiscal year 2022 with 175 active rigs Quarterly North America Solutions operating income increased $56 million sequentially, while direct margins(2) increased $53 million to $168 million sequentially, as revenues increased by $77 million to $486 million and expenses increased by $24 million to $318 million North America Solutions revenue per day increased approximately $1,950/day or 8% to $26,500/day on a... More