Helmerich & Payne (HP) Tops Q1 EPS by 5c
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Helmerich & Payne, Inc. Announces Second Quarter Results
April 29, 2021 4:15 PM EDTH&P's North America Solutions segment exited the second quarter of fiscal year 2021 with 109 active rigs up roughly 15% during the quarter The Company ended the quarter with $562 million in cash and short-term investments and no amounts drawn on its $750 million revolving credit facility culminating in approximately $1.3 billion in available liquidity Quarterly North America Solutions operating gross margins(1) increased $19 million to $64 million sequentially, as revenues increased by $48 million to $250 million and expenses increased by $29 million to $186 million The Company reported a... More
