Helmerich & Payne, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2022
April 27, 2022 at 04:51 pm EDT
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Helmerich & Payne, Inc. reported earnings results for the second quarter and six months ended March 31, 2022. For the second quarter, the company reported revenue was USD 467.6 million compared to USD 296.17 million a year ago. Net loss was USD 4.98 million compared to USD 121 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 1.15 a year ago. Diluted loss per share from continuing operations was USD 0.05 compared to USD 1.15 a year ago. Basic loss per share was USD 0.05 compared to USD 1.13 a year ago. Diluted loss per share was USD 0.05 compared to USD 1.13 a year ago.
For the six months, revenue was USD 877.38 million compared to USD 542.55 million a year ago. Net loss was USD 56.34 million compared to USD 191.43 million a year ago. Basic loss per share from continuing operations was USD 0.53 compared to USD 1.87 a year ago. Diluted loss per share from continuing operations was USD 0.53 compared to USD 1.87 a year ago. Basic loss per share was USD 0.53 compared to USD 1.78 a year ago. Diluted loss per share was USD 0.53 compared to USD 1.78 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.