secwatch.observer — SEC 8-K summary
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Issuer:     Helmerich & Payne, Inc. (HP)
CIK:        0000046765
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0000046765-24-000028
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46765/000004676524000028/0000046765-24-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46765/000004676524000028/hp-20240424.htm
  HTML page:      https://secwatch.observer/filing/0000046765-24-000028

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