H&P Q2 net income $1.55/diluted share; revenue $769M; lowers rig count guidance

Helmerich & Payne, Inc.

2023-Q2 EPS reported $2.46 revenue$1,488,859,000

Net income $164M ($1.55/diluted) vs $97M ($0.91) prior quarter; includes $0.29 after-tax gains from equity investments.
North America Solutions operating income $182.1M, up from $145.3M; direct margins $296.2M, up $35.9M sequentially.
Q3 NAS guidance: avg 163-167 rigs, exit 155-160; cites softer nat gas market and disciplined pricing.
FY2023 capex guidance revised to $400-450M; YTD shareholder returns $250M (dividends + $146M buybacks).
Quarterly base dividend $0.25 and supplemental $0.235 declared, payable June 1, 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Helmerich & Payne, Inc. reported the second fiscal quarter ended March 31, 2023 results: revenue $769 million, net income $164 million, EPS $1.55 per diluted share.

Period: the second fiscal quarter ended March 31, 2023
Revenue: $769 million
Net income: $164 million
EPS: $1.55 per diluted share
Result: reported results

Exact text from the filing

Helmerich & Payne, Inc. (NYSE: HP) reported net income of $164 million, or $1.55 per diluted share, from operating revenues of $769 million for the quarter ended March 31, 2023

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Source: SEC EDGAR

accession 0000046765-23-000027

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