---
schema_version: "secwatch.filing_event.v1"
accession: "0000046765-24-000008"
form_type: "8-K"
ticker: "HP"
cik: "0000046765"
company_name: "Helmerich & Payne, Inc."
filed_at: "2024-01-29T23:59:59+00:00"
generated_at: "2026-06-06T16:12:40.533904+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Helmerich & Payne Q1 net income $95M; guides NAS rig count 154-159

## Summary
- Net income $95M ($0.94 diluted EPS) vs $78M ($0.77) prior quarter; revenue $677M vs $660M.
- NAS segment: 151 active rigs exit Dec, direct margins $256M; guiding Q2 exit 154-159 rigs and direct margins $255-275M.
- Received preliminary award for 7 super-spec rigs in Middle East; plus one rig in Bahrain; to nearly double intl. active rig count.
- Returned $90M to shareholders: $25M base dividend, $17M supplemental, $47M share repurchases; declared $0.25 base and $0.17 supplemental dividend payable Feb 27.
- Fiscal 2024 capex maintained at $450-500M; depreciation $390M; R&D $30M; G&A $230M; cash taxes $150-200M.

## SEC filing metadata
- accession: 0000046765-24-000008
- form_type: 8-K
- ticker: HP
- cik: 0000046765
- company_name: Helmerich & Payne, Inc.
- filed_at: 2024-01-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/46765/000004676524000008/0000046765-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46765/000004676524000008/hp-20240129.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000046765-24-000008
- JSON: https://secwatch.observer/filing/0000046765-24-000008.json
- Plain text: https://secwatch.observer/filing/0000046765-24-000008.txt

## Key facts
- Earnings Releases
  Helmerich & Payne, Inc. reported first fiscal quarter ended December 31, 2023 results: revenue $677 million, net income $95 million, EPS $0.94 per diluted share.
  - Period: first fiscal quarter ended December 31, 2023
  - Revenue: $677 million
  - Net income: $95 million
  - EPS: $0.94 per diluted share
  - Result: reported results
  source text: Helmerich & Payne, Inc. (NYSE: HP) reported net income of $95 million, or $0.94 per diluted share, from operating revenues of $677 million for the quarter ended December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/46765/000004676524000008/0000046765-24-000008-index.htm

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