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More on Helmerich & Payne's (NYSE:HP) FQ3 results: Profit at its U.S. land operations,...

Jul. 26, 2013 8:04 AM ETHelmerich & Payne, Inc. (HP) StockHPBy: Carl Surran, SA News Editor
More on Helmerich & Payne's (NYSE:HP) FQ3 results: Profit at its U.S. land operations, by far HP's largest segment, rose 0.3% while revenue fell 1.6%; the rig utilization rate fell to 83% from 89%. International land drilling profit rose 35% and revenue gained 29%; rig utilization rose to 80% from 77%. Offshore operations' profit jumped 83%, as revenue rose 29%; rig utilization rose to 89% from 74%. HP +0.6% premarket.

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