Investors of Tulsa-based Helmerich & Payne, Inc. will learn later this month whether the company has managed to stem the flow of losses.
The drilling company plans to release its fiscal third quarter 2021 earnings report on Thursday, July 29 at 10 a.m. central time.
John Lindsay, President and CEO will be joined by Mark Smith, Senior Vice President and CFO and Dave Wilson, Vice President of Investor Relations in discussing the results during a conference call.
Helmerich & Payne reported a second quarter net loss of $121 million or $1.13 a share from operating revenues of $296 million for the quarter that ended March 31. It was an increase from the $70 million net loss or 66 cent a diluted share on revenues of $246 million for the quarter that ended Dec. 31, 2020.
The company also had 109 active rigs at the end of the second quarter which represented a 15% increase.