Helmerich & Payne, Inc. Reports Earnings Results for the Third Quarter Ended June 30, 2021
July 28, 2021 at 05:07 pm EDT
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Helmerich & Payne, Inc. announced earnings results for the third quarter ended June 30, 2021. For the third quarter, the company announced total revenue was USD 332.213 million compared to USD 317.364 million a year ago. Operating loss was USD 77.367 million compared to USD 57.584 million a year ago. Net loss was USD 55.555 million compared to USD 45.599 million a year ago. Basic loss per share was USD 0.52 compared to USD 0.43 a year ago. Basic loss per share from continuing operations was USD 0.53 compared to USD 0.43 a year ago. For the nine months, total revenue was USD 874.761 million compared to USD 1,565.660 million a year ago. Operating loss was USD 331.513 million compared to USD 544.757 million a year ago. Net loss was USD 246.989 million compared to USD 435.534 million a year ago. Basic loss per share was USD 2.3 compared to USD 4.05 a year ago. Basic loss per share from continuing operations was USD 2.4 compared to USD 4.05 a year ago. Basic loss per share was USD 2.3 compared to USD 4.05 a year ago. Basic loss per share from continuing operations was USD 2.4 compared to USD 4.05 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.
HELMERICH & PAYNE, INC. 
