Helmerich & Payne Q3 net income $95M, revenue $724M; guides lower Q4 rigs

Helmerich & Payne, Inc.

2023-Q3 EPS reported $3.39 revenue$2,212,815,000

Net income $95M ($0.93/diluted) vs $164M ($1.55) prior quarter; includes $(0.16) select items.
NAS operating income $169.5M, down $13M; revenue per day up to $37,100, margins $18,400/day.
Expects to exit Q4 with 141-147 active rigs (from 153); NAS direct margins Q4 guided $230-250M.
Returned $451M to shareholders YTD via dividends ($202M) and share buybacks ($249M); repurchased 3.2M shares in Q3.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Helmerich & Payne, Inc. reported its third fiscal quarter ended June 30, 2023 results: revenue $724 million, net income $95 million, EPS $0.93 per diluted share.

Period: its third fiscal quarter ended June 30, 2023
Revenue: $724 million
Net income: $95 million
EPS: $0.93 per diluted share
Result: reported results

Exact text from the filing

Helmerich & Payne, Inc. (NYSE: HP) reported net income of $95 million, or $0.93 per diluted share, from operating revenues of $724 million for the quarter ended June 30, 2023

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Source: SEC EDGAR

accession 0000046765-23-000044

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