Helmerich & Payne, Inc. Declares Quarterly Cash Dividend, Payable March 2, 2015
Dec 2 14
The Directors of Helmerich & Payne, Inc., at a Board of Directors meeting held on December 2, 2014, declared a quarterly cash dividend of $0.6875 per share on its common stock, payable March 2, 2015, to stockholders of record at the close of business February 13, 2015.
Helmerich & Payne, Inc. Reports Unaudited Consolidated Earnings Results for Fourth Quarter and Year Ended September 30, 2014; Provides Financial Outlook for the Fiscal Year 2015
Nov 13 14
Helmerich & Payne, Inc. reported unaudited consolidated earnings results for fourth quarter and year ended September 30, 2014. For the quarter, the company’s operating revenues were $985,038,000 against $864,536,000 a year ago. Operating income was $263,502,000 against $243,234,000 a year ago. Income from continuing operations before income tax was $262,864,000 against $245,447,000 a year ago. Income from continuing operations was $168,705,000 against $159,797,000 a year ago. Net income was $168,688,000 against $159,797,000 a year ago. Diluted earnings per common share from continuing operations were $1.53 against $1.47 a year ago. Diluted net income was $1.53 against $1.47 a year ago.
For the year, the company’s operating revenues were $3,719,707,000 against $3,387,614,000 a year ago. Operating income was $1,054,787,000 against $956,661,000 a year ago. Income from continuing operations before income tax was $1,096,314,000 against $1,114,297,000 a year ago. Income from continuing operations was $708,766,000 against $721,453,000 a year ago. Net income was $708,719,000 against $736,639,000 a year ago. Diluted earnings per common share from continuing operations were $6.46 against $6.65 a year ago. Diluted net income was $6.46 against $6.79 a year ago. Net cash provided by operating activities was $1,118,527,000 against $997,185,000 a year ago. Capital expenditures were $952,892,000 against $809,066,000 a year ago.
The company's capital expenditures for fiscal 2015 are expected to be in the range of $1.4 billion to $1.7 billion, depending primarily on drilling market conditions and incremental demand for additional new FlexRigs during the fiscal year. Depreciation expense is expected to increase to slightly over $600 million, and general and administrative expenses are estimated at slightly over $140 million for fiscal 2015. The company expects the effective tax rate for fiscal 2015 to be between 35% and 36%.
Helmerich & Payne, Inc. to Report Q4, 2014 Results on Nov 13, 2014
Oct 28 14
Helmerich & Payne, Inc. announced that they will report Q4, 2014 results at 10:00 AM, GMT Standard Time on Nov 13, 2014