secwatch.observer — SEC 8-K summary
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Issuer:     Helmerich & Payne, Inc. (HP)
CIK:        0000046765
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0000046765-23-000044
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46765/000004676523000044/0000046765-23-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46765/000004676523000044/hp-20230726.htm
  HTML page:      https://secwatch.observer/filing/0000046765-23-000044

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