Helmerich & Payne, Inc. (NYSE: HP), a leading provider of advanced drilling solutions, has announced its financial results for the third quarter of fiscal year 2024. The company reported a net income of $89 million, or $0.88 per diluted share, reflecting a robust performance despite industry headwinds.
Helmerich & Payne (HP), a leading oil and gas well-drilling contractor, is set to report its Q2 2024 earnings on July 24. Analysts anticipate a year-over-year decline in both earnings and revenue, with an expected EPS of $0.77, down 29.4% from the previous year, and revenues projected at $670.57 million, a 7.4% decrease.
Helmerich & Payne, Inc. (NYSE: HP) reported a fiscal second quarter net income of $85 million, or $0.84 per diluted share, on operating revenues of $688 million.
Helmerich & Payne has close to 200 active rigs in the US. The top 5 Operators by rig count that use Helmerich & Payne rigs include; PIONEER (17), Oxy (16), EOG (15), XTO (15), Conoco (9). Downlaod drilling report
After nearly 20 years on South Boulder Avenue in Tulsa, Helmerich & Payne will move to the new headquarters at 222 N Detroit Avenue.
H&P 298 is part of the H&P drilling rig fleet that operates in the Delaware Basin and is contracted by EOG Resources. H&P 298 ranks #6 in wells drilled in LEA County and #17 in New Mexico.
