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Helmerich & Payne, Inc. Announces First Quarter Results

Feb 10, 2021 - Nasdaq
Financial Results

H&P's North America Solutions segment exited the first quarter of fiscal 2021 with 94 rigs doubling the lows experienced in August 2020 and up roughly 35% during the quarter The Company ended the quarter with $524 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 $5 million to $45 million sequentially, ...