secwatch.observer — SEC 8-K summary
======================================

Issuer:     Helmerich & Payne, Inc. (HP)
CIK:        0000046765
Form:       8-K
Filed at:   2023-01-30T23:59:59+00:00
Accession:  0000046765-23-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46765/000004676523000007/0000046765-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46765/000004676523000007/hp-20230130.htm
  HTML page:      https://secwatch.observer/filing/0000046765-23-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer