Helmerich & Payne (NYSE:HP) oil and gas drilling contractor, is reporting first quarter earnings results on Thursday 26th January 2017, before the bell.
The consensus estimates from Thomson Reuters are loss of $ 0.36 per share from $ 334.40 million in revenue.
The same period from last year, HP reportedly had income of $ 0.05 per share on $ 459.00 million in revenue.
For the full year, analysts predict revenues of $ 1.52 billion, while looking forward to loss of $ 1.02 per share.
Helmerich & Payne, Inc. engages in the contract drilling of oil and gas wells. It provides drilling rigs, equipment, personnel, and camps on a contract basis to explore for and develop oil and gas from onshore areas and from fixed platforms, tension-leg platforms, and spars in offshore areas. The company operates through three segments: U.S. Land, Offshore, and International Land.
The U.S. Land segment drills primarily in Oklahoma, California, Texas, Wyoming, Colorado, Louisiana, Mississippi, Pennsylvania, Ohio, New Mexico, and North Dakota. The Offshore segment has drilling operations in the Gulf of Mexico and Equatorial Guinea.