H&P, a prominent rig operator based in Tulsa, Oklahoma, recently disclosed its financial performance for the fiscal fourth quarter. The company announced a substantial net loss during this reporting period, providing insight into its operational results.
Fiscal Fourth Quarter Financials
The company reported a net loss totaling $57.36 million. This figure reflects the financial outcome for its operations. The specific period covered by these results spanned from July to September.
Shareholders experienced a loss of $0.58 per share. This metric indicates the impact on individual stock units, as the company’s earnings per share reflected a deficit.
About the Company
Helmerich & Payne, Inc., known as H&P, operates as a leading rig contractor. Headquartered in Tulsa, Oklahoma, the company specializes in drilling operations, maintaining a significant energy sector presence.
Its primary business involves providing drilling rigs and related services. The company’s operations extend across various regions, so its financial health carries broader industry implications.
Summary of Performance
H&P’s fiscal fourth quarter concluded with a reported net loss of $57.36 million. This outcome marked a challenging period for the Tulsa-based operator. The company’s financial statement detailed these specific figures.
The per-share loss of $0.58 further underscored these results. Stakeholders will analyze these reported numbers. H&P continues its operations following this financial disclosure.
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