Helmerich & Payne Didn't Quite Turn in a Profitable Quarter, but Wall Street Likes the Progress [The Motley Fool]
Helmerich & Payne, Inc. (HP)
Last helmerich & payne, inc. earnings: 4/30 04:43 pm
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Source: The Motley Fool
The company continues to re-invest in its fleet of rigs to meet the demands of the market, but it's eating into profits and cash flow now. There was a chance that Helmerich & Payne ( NYSE:HP ) could be profitable this past quarter, but it missed it by that much. That said, the company's net loss adjusted for a one-time tax gain was much better than Wall Street's expectations. Still, the company's results have been slow to recover despite the rapid rise in oil prices over the past year or so. That has been deliberate as management is preparing the company for the new demands of producers looking to squeeze every barrel of oil possible out of each new shale well. Let's drill down into Helmerich & Payne's most recent quarter to see why the company's profits continue to improve so slowly, and what investors can expect in 2018 based on management's plans for the year. By the numbers Metric Q1 2018 Q4 2017 Q1 2017 Revenue $564.1 million $532.3
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News
- Helmerich & Payne (NYSE:HP) Is Looking To Continue Growing Its Returns On Capital [Yahoo! Finance]Yahoo! Finance
- Are You a Value Investor? Bet on These 3 Energy Stocks [Yahoo! Finance]Yahoo! Finance
- Why Helmerich & Payne (HP) Might be Well Poised for a Surge [Yahoo! Finance]Yahoo! Finance
- Land Drill Rigs Market Poised for Robust Growth with Revenue Surpassing $43.8 Billion by 2023 [Yahoo! Finance]Yahoo! Finance
- All You Need to Know About Helmerich & Payne (HP) Rating Upgrade to Buy [Yahoo! Finance]Yahoo! Finance
HP
Earnings
- 1/29/24 - Beat
HP
Sec Filings
- 3/4/24 - Form 4
- 3/1/24 - Form 4
- 3/1/24 - Form 4
- HP's page on the SEC website