---
schema_version: "secwatch.filing_event.v1"
accession: "0000046765-24-000028"
form_type: "8-K"
ticker: "HP"
cik: "0000046765"
company_name: "Helmerich & Payne, Inc."
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T10:03:21.974923+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000046765-24-000028
- form_type: 8-K
- ticker: HP
- cik: 0000046765
- company_name: Helmerich & Payne, Inc.
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/46765/000004676524000028/0000046765-24-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46765/000004676524000028/hp-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000046765-24-000028
- JSON: https://secwatch.observer/filing/0000046765-24-000028.json
- Plain text: https://secwatch.observer/filing/0000046765-24-000028.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/46765/000004676524000028/0000046765-24-000028-index.htm

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