Helmerich & Payne (HP) Misses Q2 EPS by 1c

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Go back to Helmerich & Payne (HP) Misses Q2 EPS by 1c

Helmerich & Payne, Inc. Announces Fiscal Second Quarter Results

April 24, 2024 4:15 PM EDT

The Company reported fiscal second quarter net income of $85 million, or $0.84 per diluted share; including select items(1) that had a neutral impact on diluted earnings per share The North America Solutions ("NAS") segment exited the second quarter of fiscal year 2024 with 152 active rigs with revenue per day averaging approximately $38,200/day, flat on a sequential basis; while direct margins(2) per day increased by approximately $500/day to $19,200/day Quarterly NAS operating income increased $3 million sequentially; while direct margins(2) increased by $15 million to approximately $271 million, as revenues increased by $19 million to $613 million and expenses increased by $4... More