Helmerich & Payne, Inc. Reports Earnings Results for the First Quarter Ended December 31, 2018
January 29, 2019 at 05:09 pm
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Helmerich & Payne, Inc. announced earnings results for the first quarter ended December 31, 2018. For the first quarter, the company announced total revenue was USD 740.598 million compared to USD 564.087 million a year ago. Operating income was USD 54.289 million compared to USD 3.609 million a year ago. Net income was USD 18.959 million compared to USD 500.106 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to USD 4.57 a year ago. Basic earnings per share was USD 0.17 compared to USD 4.57 a year ago. Diluted earnings per share from continuing operations was USD 0.07 compared to USD 4.55 a year ago. Diluted earnings per share was USD 0.17 compared to USD 4.55 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. 
