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Helmerich & Payne, Inc. Reports $54.8 Million Quarterly Profit

By USinMinutes - Feb 05, 2025, 04:21 PM ET
Last Updated - Feb 06, 2025, 01:41 AM EST
Helmerich & Payne, Inc. Reports 
			$54.8 Million Quarterly Profit

The company records $677.3 million revenue for Q1 ended Dec 31, 2024

Helmerich & Payne, Inc. [HP] reported $54.8 million profit for Q1 ended Dec 31, 2024, showing a decrease of $20.7 million from the previous quarter.

The company revealed in its 8-K filing to the SEC dated Feb 5, 2025 that it generated revenue of $677.3 million for the period, showing a decrease of $16.5 million from the previous quarter.

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Based in Tulsa, Oklahoma, the company reported $0.5 earnings per share for the period, compared to $0.8 in the last quarter.

The company's profit decreased by 27.43% from $75.5 million in the last quarter.

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