Helmerich & Payne (HP) Tops Q2 EPS by 1c

Helmerich & Payne (NYSE: HP) reported Q2 EPS of ($0.05), $0.01 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $577.48 million versus the consensus estimate of $562.84 million.

• H&P’s U.S. Land contracted rig count increased by approximately 4% from 204 rigs at December 31, 2017 to 213 rigs at March 31, 2018
• Quarterly U.S. Land average rig revenue per day increased by over $500 per day or over 2% sequentially
• Upgraded 30 FlexRigs® to super-spec(1) capacity since the beginning of fiscal 2018 (October 1, 2017) resulting in 183 super-spec rigs in our fleet today
• H&P has been rated 1st in total customer satisfaction for 10 years in a row by EnergyPoint Research(2)

For earnings history and earnings-related data on Helmerich & Payne (HP) click here.

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