secwatch.observer — SEC 8-K summary
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Issuer:     Helmerich & Payne, Inc. (HP)
CIK:        0000046765
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0000046765-24-000042
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

H&P reports Q3 net income $0.88/shr, NAS direct margin $277M, first Saudi rig arrives
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- Net income $89M ($0.88/shr) from revenue $698M; sequentially up from $85M ($0.84/shr) on $688M revenue.
- North America Solutions operating income $163M, direct margin $277M; active rigs exited at 146, guidance 147-153 for Q4.
- First super-spec FlexRig arrived in Saudi Arabia; expects first of eight rigs to start work in Q4; International Solutions had operating loss $4.8M.
- Board declared $0.25 base and $0.17 supplemental dividend payable Aug 30 to holders of record Aug 16.
- FY2024 guidance: capex ~$500M, depreciation ~$400M, cash taxes $150-200M; NAS direct margins $260-280M in Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/46765/000004676524000042/0000046765-24-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46765/000004676524000042/hp-20240724.htm
  HTML page:      https://secwatch.observer/filing/0000046765-24-000042

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