Helmerich & Payne Q1 fiscal 2023 EPS $0.91, revenue $720M, NAS direct margins up 28% sequentially

Helmerich & Payne, Inc.

2023-Q1 EPS reported $0.91 revenue$719,637,000

Net income $97M ($0.91/diluted) vs $46M ($0.42) prior quarter; includes $(0.20) in select items.
Revenue $720M up 14% QoQ; North America Solutions segment revenue $627M, direct margins $260M (+$57M).
North America Solutions exited Q1 with 184 active rigs; expects 183-188 by Q2 end, with direct margins +7-15% QoQ.
Board increased 2023 share repurchase authorization to 5M shares; H&P repurchased ~1.3M shares for ~$60M in Q1.
Quarterly base dividend $0.25 plus supplemental $0.235; both payable Feb 28, 2023 to holders of record Feb 14.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Helmerich & Payne, Inc. reported first fiscal quarter ended December 31, 2022 results: revenue $720 million, net income $97 million, or $0.91 per diluted share, EPS $0.91 per diluted share.

Period: first fiscal quarter ended December 31, 2022
Revenue: $720 million
Net income: $97 million, or $0.91 per diluted share
EPS: $0.91 per diluted share
Result: reported results

Exact text from the filing

Helmerich & Payne, Inc. (NYSE: HP) reported net income of $97 million, or $0.91 per diluted share, from operating revenues of $720 million for the quarter ended December 31, 2022

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Source: SEC EDGAR

accession 0000046765-23-000007

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