$HP (Helmerich & Payne, Inc.)

$HP {{ '2016-01-28T12:19:20+0000' | timeago}} • Announcement

For 1Q16, $HP's operating income for US land operations segment was $56MM compared to $318MM a year-ago quarter. The average rig expense per day decreased sequentially by $933 to $12,890. Rig utilization for the segment was 39% compared with 89% and 43% for last year's first and fourth fiscal quarters, respectively.

$HP {{ '2017-05-22T19:40:00+0000' | timeago}} • Announcement

$HP agreed to buy MOTIVE Drilling Technologies for $75MM payable at closing and up to an additional $25MM in potential earnout payments based on future performance during the next few years. The transaction is pending and is expected to close in June 2017.

$HP {{ '2017-04-27T11:58:20+0000' | timeago}} • Announcement

$HP's 2Q17 US Land segment revenue decreased 5.24% to $330.96MM in 2Q17 compared to a year ago. Offshore segment revenue on the other hand increased 5.53% to $36.23MM. However, International Land segment revenue declined drastically by 32.32% YoY to $34.75MM.

$HP {{ '2017-04-27T11:54:51+0000' | timeago}} • Announcement

$HP expects its international land & offshore market outlook to remain weak for the near future. For 3Q17, U.S. Land Operations quarterly revenue days (QRD) is expected to be up about 25% sequentially. In Offshore Operations $HP expects QRD to decline by approx. 10-15%, while International Land Operations QRD is expected to be down by approx. 10%.

$HP {{ '2017-04-27T11:46:43+0000' | timeago}} • Announcement

Petroleum contract drilling company $HP swung to a loss in 2Q17, hurt by lower revenue in US Land and International Land segments. Net loss was $48.81MM or $0.45 loss per share compared to a net income of $21.2MM or $0.19 per share a year ago. Operating revenue declined 7.51% to $405.28MM in the quarter.

$HP {{ '2017-03-07T19:34:07+0000' | timeago}} • Announcement

Driller $HP announced that Kevin G. Cramton and José R. Mas were appointed to the company’s BoD effective March 1, 2017. Mr. Mas has been the CEO of $MTZ since April 2007, while Mr. Cramton is an operating partner at HCI Equity Partners, a private equity firm.

$HP {{ '2017-01-26T12:28:16+0000' | timeago}} • Announcement

$HP's US Land segment revenue decreased 29% to $263.6MM in 1Q17 vs. the prior year quarter. Offshore and International Land segment's revenue decreased 19% and 5%, respectively. CEO John Lindsay said that the outlook has been improving in US Land drilling market, resulting in increased activity levels and market share over the last few months.

$HP {{ '2017-01-26T12:13:17+0000' | timeago}} • Announcement

For its largest segment U.S. land, $HP expects revenue days (activity) to increase by roughly 30-35% during 2Q17 compared to 1Q17. In the offshore segment, the company expects revenue days to decrease by approx. 10% compared to 1Q17. In the international land segment, revenue days are expected to decline by approx. 38% for 2Q17.

$HP {{ '2017-01-26T12:02:34+0000' | timeago}} • Announcement

$HP reported a swing to a loss in 1Q17, hurt by lower revenue in all the three segments. Net loss was $35MM or $0.33 per share compared to net income of $16MM or $0.15 per share in 1Q16. Operating revenue declined 24% to $369MM in the recently ended quarter.

$HP {{ '2016-11-17T16:51:12+0000' | timeago}} • Webcast

$HP's total depreciation for FY17 is expected to decline to about $525MM, while G&A expenses are expected be about $140MM. The decline in depreciation expense estimate is related mainly to the low level of CapEx during FY16 and FY17.

$HP {{ '2016-11-17T16:43:42+0000' | timeago}} • Webcast

$HP said the company's backlog in 4Q16 remain strong, with a backlog of $1.8Bil as at Sept. 30, 2016. FY17 capital expenditure is expected to be about $200MM, of which 30% is expected to be related to maintenance CapEx and tubulars and the rest mostly related to upgrade of company's existing fleet.

$HP {{ '2016-11-17T12:21:59+0000' | timeago}} • Announcement

In the U.S. land segment, $HP expects revenue days (activity) to increase by roughly 20% during 1Q17. In the international land segment, it expects revenue days to decrease by approximately 5%. Capital expenditures for FY17 are expected to be roughly $200MM.

$HP {{ '2016-11-17T12:18:02+0000' | timeago}} • Announcement

For its largest U.S. Land operations, $HP reported an operating lossof $70MM for 4Q16, compared with segment operating income of $34MM a year ago.  As compared to 3Q16, the decrease in segment operating income was primarily attributable to a decline in early termination revenues and to charges of $38.1MM.

$HP {{ '2016-11-17T12:09:41+0000' | timeago}} • Announcement

Petroleum contract drilling company $HP reported a wider 4Q16 net loss of $72.9MM, or $0.68 per share, compared to a net loss of $27.6MM, or $0.26 per share a year ago. Included in net loss per share for the latest reported quarter are approx. $0.35 in after-tax losses. Operating revenues fell to $331.71MM from $553.8MM.

$HP {{ '2016-07-28T22:38:51+0000' | timeago}} • Webcast

In international land operations, $HP said the segment reported operating loss of approx. $5MM during 3Q16. Excluding the impact of employee severance expenses, the average rig margin per day decreased sequentially by approx. 12% to $9,461 per day, partly as a result of greater number of rigs generating standby-type day rates during 3Q16.

$HP {{ '2016-07-28T22:38:01+0000' | timeago}} • Webcast

In offshore operations, $HP said its segment operating income declined slightly to approx. $2MM from $3MM during the prior quarter. Looking at 4Q16, the company expects quarterly revenue days to slightly increase by approx. 1% as 7 of its 9 offshore platform rigs continue to generate revenue days during the quarter.

$HP {{ '2016-07-28T22:37:29+0000' | timeago}} • Webcast

$HP said that looking ahead to 4Q16, the company expects a quarter-to-quarter increase in the range of 3-7% in the number of total revenue days. Excluding the impact of revenues corresponding to early terminated long-term contracts, $HP expects its average rig revenue per day to decline to approx. $24,000.

$HP {{ '2016-07-28T19:35:45+0000' | timeago}} • Announcement

$HP expects revenue days (activity) in the offshore segment to increase by about 1% during 4Q16 as compared to 3Q16 and average rig margin per day to be about $8,000. $HP sees activity in the international land segment to rise by about 5-10% and average rig margin per day to be roughly $8,300 during 4Q16.

$HP {{ '2016-07-28T19:34:01+0000' | timeago}} • Announcement

$HP expects revenue days (activity) in the U.S. land segment to increase by roughly 3-7% during 4Q16 as compared to 3Q16. Excluding any impact from early termination revenue, the average rig revenue per day is expected to be roughly $24,000, and the corresponding average rig expense per day is expected to decrease to roughly $13,300.

$HP {{ '2016-07-28T19:31:54+0000' | timeago}} • Announcement

$HP reported a 3Q16 loss of $21.2MM or $0.20 per share compared to a profit of $90.87MM or $0.83 per share last year, due to lower revenue, lower levels of activity and rig margins. Operating revenues dropped to $366.49MM from $661.45MM. Segment operating income for U.S. land operations fell to $26MM from $63MM a year ago.

$HP {{ '2016-06-06T11:36:17+0000' | timeago}} • SEC

$HP's BoD has authorized the repurchase of up to 4MM shares per calendar year. During 1H16, company purchased 810,097 shares at $59.7MM, which are held as treasury shares. On March 2, 2016, BoD declared a dividend of $0.6875 per share or a total of $149.3MM payable June 1 to shareholders of record on May 13.

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