The second quarter earnings report for Helmerich & Payne will be made public on Thursday, May 8 and investors are wondering if the company’s revenues will continue their decline as indicated the past two quarters.
The Tulsa-based drilling rig contractor intends to hold a conference call later in the morning at 10 o’clock Oklahoma time where its executive management will discuss the results. John Lindsay, President and CEO, Kevin Vann, Senior Vice President and CFO, and Dave Wilson, Vice President of Investor Relations will take part. The earnings release and presentation for the quarterly results will be available on the company’s website at hpinc.com.
Helmerich & Payne recorded first quarter net income of $55 million or 54 cents per share from operating revenues of $677 million. The revenues for the quarter ended Dec. 31, 2024 compared to net income of $75 million or 76 cents a share from operating r evenues of $694 million for the quarter ended Sept. 30, 2024.
Helmerich & Payne, Inc. (NYSE: HP) reported net income of $55 million, or $0.54 per diluted share, from operating revenues of $677 million for the quarter ended December 31, 2024, compared to net income of $75 million, or $0.76 per diluted share, from operating revenues of $694 million for the quarter ended September 30, 2024. The net income per diluted share for the first quarter of fiscal 2025 and fourth quarter of fiscal year 2024 include net $(0.17) and $0.00 of after-tax gains and losses, respectively, comprised of select items(1).
Net cash provided by operating activities was $158 million for the first quarter of fiscal year 2025 compared to net cash provided by operating activities of $169 million for the fourth quarter of fiscal year 2024.