Helmerich & Payne (HP) Tops Q1 EPS by 24c
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Helmerich & Payne, Inc. Announces Fiscal First Quarter Results
January 29, 2024 4:15 PM ESTThe North America Solutions ("NAS") segment exited the first quarter of fiscal year 2024 with 151 active rigs and experienced an increase in revenue per day of approximately $1,000/day to $38,300/day on a sequential basis, while direct margins(1) per day increased by approximately $1,200/day to $18,700/day The Company reported fiscal first quarter net income of $95 million, or $0.94 per diluted share; including select items(2) of $(0.03) per diluted share Quarterly NAS operating income increased $16 million sequentially, while direct margins(1) increased $17 million to approximately $256 million, as revenues increased by $19 million to $594 million and expenses increased by $2... More
