---
schema_version: "secwatch.filing_event.v1"
accession: "0000046765-23-000027"
form_type: "8-K"
ticker: "HP"
cik: "0000046765"
company_name: "Helmerich & Payne, Inc."
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T14:11:07.838826+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000046765-23-000027
- form_type: 8-K
- ticker: HP
- cik: 0000046765
- company_name: Helmerich & Payne, Inc.
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/46765/000004676523000027/0000046765-23-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46765/000004676523000027/hp-20230426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000046765-23-000027
- JSON: https://secwatch.observer/filing/0000046765-23-000027.json
- Plain text: https://secwatch.observer/filing/0000046765-23-000027.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/46765/000004676523000027/0000046765-23-000027-index.htm

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