Helmerich & Payne, Inc. (NYSE:HP) Q4 2022 Earnings Conference Call November 17, 2022 11:00 AM ET

Company Participants

Dave Wilson - Vice President of Investor Relations

John Lindsay - President and Chief Executive Officer

Mark Smith - Chief Financial Officer

Conference Call Participants

Derek Podhaizer - Barclays

David Smith - Pickering Energy Partners

Luke Lemoine - Piper Sandler

Arun Jayaram - JPMorgan Chase & Co.

Waqar Syed - ATB Capital Markets Inc.

Marc Bianchi - Cowen Inc.

Operator

Good day, everyone, and welcome to today’s Helmerich & Payne Fiscal Fourth Quarter Earnings Call. At this time, all participants are in a listen-only mode. Later you will have the opportunity to ask questions during the question-and-answer session. [Operator Instructions] I will be sending by should you need any assistance.

And it is now my pleasure to turn today’s call over to Vice President of Investor Relations, Dave Wilson, please go ahead.

Dave Wilson

Thank you, Ashley, and welcome everyone to Helmerich & Payne’s conference call and webcast for the fourth quarter and fiscal year ended 2022. With us today are John Lindsay, President and CEO; and Mark Smith, Senior Vice President and CFO. John and Mark will be sharing some comments with us, after which we’ll open the call for questions.

Before we begin our prepared remarks, I’ll remind everyone that this call will include forward-looking statements as defined under the Securities Laws. Such statements are based upon current information and management’s expectations as of this date and are not guarantees of future performance. Forward-looking statements involve certain risks, uncertainties and assumptions that are difficult to predict. As such, our actual outcomes and results could differ materially. You can learn more about these risks in our annual report on Form 10-K, our quarterly reports on Form 10-Q and our other SEC filings. You should not place undue reliance on forward-looking statements, and we undertake no obligation to publicly update these forward-looking statements.

We will also be making reference to certain non-GAAP financial measures such as segment, direct margins, and other operating statistics. You’ll find the GAAP reconciliation comments and calculations in yesterday’s press release.

With that said, I’ll turn the call over to John Lindsay.

John Lindsay

Thank you, Dave, and good morning, everyone. I appreciate you joining us on our 2022 fiscal year end call. We’re pleased with our fourth quarter results and are optimistic about fiscal 2023. My primary things will focus on 3 areas this morning: North America Solutions pricing and margin cycle dynamics; H&P’s international opportunities; and our technology and sustainability investments.