$19 million in quarterly earnings
Helmerich & Payne (stock ticker: HP) announced quarterly results today, showing earnings of $19 million, or $0.17 per share.

This result exceeds the $2.5 million in earnings H&P reported in the previous quarter, and is the first time H&P recorded two consecutive quarters of net income since early 2016. Quarterly revenue was also up, as the company received $741 million this quarter compared to $697 last quarter.
U.S. margins fall but utilization rates rise
H&P reports it received an average of $25,265 in revenue per U.S. rig per day this quarter, compared to $24,449 last quarter. This increase in revenue was more than offset by increases in cost this quarter, and per-rig margins fell from $...


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