Helmerich & Payne, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2024
April 24, 2024 at 04:25 pm EDT
Share
Helmerich & Payne, Inc. reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported revenue was USD 687.94 million compared to USD 769.22 million a year ago. Net income was USD 84.83 million compared to USD 164.04 million a year ago. Basic earnings per share from continuing operations was USD 0.85 compared to USD 1.55 a year ago. Diluted earnings per share from continuing operations was USD 0.84 compared to USD 1.55 a year ago.
For the six months, revenue was USD 1,365.09 million compared to USD 1,488.86 million a year ago. Net income was USD 180 million compared to USD 261.19 million a year ago. Basic earnings per share from continuing operations was USD 1.79 compared to USD 2.46 a year ago. Diluted earnings per share from continuing operations was USD 1.79 compared to USD 2.46 a year ago.
Helmerich & Payne, Inc., through its subsidiaries, designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. The Company also develops and implements advanced automation, directional drilling and survey management technologies. Its segments include North America Solutions, Offshore Gulf of Mexico and International Solutions. The North America Solutions segment has operations which are located in Texas and other states, including Colorado, Louisiana and New Mexico. The Offshore Gulf of Mexico segment has operations that are located in Louisiana and in United States federal waters in the Gulf of Mexico. The International Solutions segment has rigs and/or services located in five international locations: Argentina, Bahrain, Colombia, the United Arab Emirates and Australia. The Company's fleet includes approximately 233 land rigs in the United States, 22 international land rigs and seven offshore platform rigs.
HELMERICH & PAYNE, INC. 
