---
schema_version: "secwatch.filing_event.v1"
accession: "0000046765-23-000007"
form_type: "8-K"
ticker: "HP"
cik: "0000046765"
company_name: "Helmerich & Payne, Inc."
filed_at: "2023-01-30T23:59:59+00:00"
generated_at: "2026-06-20T06:51:39.538822+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000046765-23-000007
- form_type: 8-K
- ticker: HP
- cik: 0000046765
- company_name: Helmerich & Payne, Inc.
- filed_at: 2023-01-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/46765/000004676523000007/0000046765-23-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46765/000004676523000007/hp-20230130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000046765-23-000007
- JSON: https://secwatch.observer/filing/0000046765-23-000007.json
- Plain text: https://secwatch.observer/filing/0000046765-23-000007.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/46765/000004676523000007/0000046765-23-000007-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.