Helmerich & Payne Q2 net income $85M, EPS $0.84; guides NAS rigs down to 145-151 exit Q3

Helmerich & Payne, Inc.

2024-Q2 EPS reported $1.79 revenue$1,365,090,000

Q2 FY2024 net income $85M ($0.84 diluted) vs Q1 $95M ($0.94); revenue $688M vs $677M.
NAS segment active rigs 152 at quarter end; revenue per day ~$38,200 flat; direct margins $19,200/day (+$500).
Q3 NAS direct margin guidance $255-275M; exit rig count 145-151, down from Q2 average of 155.
International Solutions operating income $3.6M (Q1: $5.4M); Saudi Aramco seven-rig award progressing.
Returned $46M to shareholders ($25M base + $17M supplemental dividends, $4M buybacks); dividends $0.25+$0.17 payable May 31.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Helmerich & Payne, Inc. reported second fiscal quarter ended March 31, 2024 results: revenue $688 million, net income $85 million, EPS $0.84 per diluted share.

Period: second fiscal quarter ended March 31, 2024
Revenue: $688 million
Net income: $85 million
EPS: $0.84 per diluted share
Result: reported results

Exact text from the filing

Helmerich & Payne, Inc. (NYSE: HP) reported net income of $85 million, or $0.84 per diluted share, from operating revenues of $688 million for the quarter ended March 31, 2024, compared to net income of $95 million, or $0.94 per diluted share, from operating revenues of $677 million for the quarter ended December 31, 2023.

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Source: SEC EDGAR

accession 0000046765-24-000028

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