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Second-Quarter Earnings Highlights

  • H&P's North America Solutions segment exited the second quarter of fiscal year 2022 with 171 active rigs, up over 10% during the quarter
  • Quarterly North America Solutions operating income increased $30 million sequentially, while direct margins increased $30 million to $114 million sequentially, as revenues increased by $68 million to $409 million and expenses increased by $38 million to $294 million
  • Reported a fiscal second quarter net loss of $(0.05) per diluted share; including select items of $0.12 per diluted share
  • North America Solutions revenue per day increased approximately $1,600 per day or 7% to $24,500 per day on a sequential basis with additional increases expected
  • On March 2, 2022, the Board of Directors declared a quarterly cash dividend of $0.25 per share, payable on May 27, 2022 to stockholders of record at the close of business on May 13, 2022


Earnings Call - Thursday, April 28th

A conference call will be held with John Lindsay, President and CEO; Mark Smith, Senior Vice President and CFO; and Dave Wilson, Vice President of Investor Relations to discuss the results.

When: 11 a.m. ET (10 a.m. CT), Thursday, April 28, 2022

Via Phone: Domestic: 877-830-2596 Access Code: Helmerich | International: 785-424-1744 Access Code: Helmerich
Via Internet: Webcast