Helmerich & Payne (HP) impresses with Q1 FY24 results, reporting revenue of $677.1M, surpassing estimates, and boosting stock value by 14.42%. The company's global footprint expands as it secures contracts for nine rigs in the Middle East, anticipating a significant rise in the international active rig count.
The North America Solutions segment exited the first quarter of fiscal year 2024 with 151 active rigs and experienced an increase in revenue per day of approximately $1,000/day to $38,300/day on a.