secwatch.observer — SEC 8-K summary
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Issuer:     Helmerich & Payne, Inc. (HP)
CIK:        0000046765
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000046765-23-000027
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46765/000004676523000027/0000046765-23-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46765/000004676523000027/hp-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000046765-23-000027

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