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Third-Quarter Earnings Highlights

  • The North America Solutions segment exited the third quarter of fiscal year 2022 with 175 active rigs
  • Quarterly North America Solutions operating income increased $56 million sequentially, while direct margins increased $53 million to $168 million sequentially, as revenues increased by $77 million to $486 million and expenses increased by $24 million to $318 million
  • A fiscal third quarter net income of $0.16 per diluted share was reported; including select items of $(0.11) per diluted share
  • North America Solutions revenue per day increased approximately $1,950 per day or 8% to $26,500 per day on a sequential basis, while direct margins per day increased approximately $2,850 per day or 37% to $10,600 per day
  • On May 31, 2022, the Board of Directors declared a quarterly cash dividend of $0.25 per share, payable on September 1, 2022 to stockholders of record at the close of business on August 17, 2022

Earnings Call - Thursday, July 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 third-quarter results.

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

Via Phone: Domestic: 877-830-2596 Access Code: Helmerich | International: 785-424-1881 Access Code: Helmerich

Via Internet: Webcast