Helmerich & Payne, Inc. (NYSE:HP) Q4 2023 Earnings Conference Call November 9, 2023 11:00 AM ET
Company Participants
Dave Wilson - VP-IR
John Lindsay - President and CEO
Mark Smith - SVP and CFO
Conference Call Participants
David Smith - Pickering Energy Partners
Kurt Hallead - Benchmark
Waqar Syed - ATB Capital Markets
Keith Mackey - RBC Capital Markets
Marc Bianchi - TD Cohen
Tom Curran - Seaport Research
Ati Modak - Goldman Sachs
Operator
Good day everyone and welcome to the Helmerich & Payne Fiscal Fourth Quarter Earnings Call. [Operator Instructions]
It is now my pleasure to turn today's conference over to the Vice President of Investor Relations, Dave Wilson. Please go ahead.
Dave Wilson
Thank you, David and welcome everyone to Helmerich & Payne's conference call and webcast for the fourth quarter and fiscal year ended 2023. With us today are John Lindsay, President and CEO and Mark Smith, Senior Vice President and CFO. Both 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 on 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 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 also make reference to certain non-GAAP financial measures such as segment operating income, direct margin 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. Good morning everyone. Thank you for joining us today.
Our fiscal 2023 did not unfold as originally planned, but I want to underscore three noteworthy items that standout in my mind as being pivotal for the company going forward. First, we continue to demonstrate that we are approaching the business differently with a heightened focus on contract economics versus market share. This was evident in fiscal 2022 when the rig count was increasing.