HP
$43.54
Helmerich & Payne
($.23)
(.53%)
Earnings Details
3rd Quarter June 2017
Thursday, July 27, 2017 6:00:08 AM
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Summary

Helmerich & Payne (HP) Recent Earnings

Helmerich & Payne (HP) reported a 3rd Quarter June 2017 loss of $0.18 per share on revenue of $498.6 million. The consensus estimate was a loss of $0.31 per share on revenue of $436.4 million. Revenue grew 36.0% on a year-over-year basis.

Helmerich & Payne Inc is engaged in contract drilling of oil & gas wells for others in the ownership, development & operation of commercial real estates. Its business comprises of three reportable segments: U.S. Land, Offshore & International Land.

Results
Reported Earnings
($0.18)
Earnings Whisper
-
Consensus Estimate
($0.31)
Reported Revenue
$498.6 Mil
Revenue Estimate
$436.4 Mil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

Helmerich & Payne, Inc. Announces Third Quarter Results

U.S. Land Operations contracted rig count increased by 22 rigs from March 31, 2017 to June 30, 2017 and by 95 rigs from September 30, 2016 to June 30, 2017

Growing U.S. Land rig market share is currently at approximately 20% and AC drive rig segment market share at approximately 30%

-- U.S. Land adjusted average rig margin per day increased by over $800

Helmerich & Payne, Inc. (HP) reported a net loss of $22 million or $(0.21) per diluted share from operating revenues of $499 million for the third quarter of fiscal 2017. The net loss per diluted share includes $0.04 of after-tax income comprised of select items . Net cash provided by operating activities was $90 million for the third quarter of fiscal 2017.

President and CEO John Lindsay commented, "We are pleased with the progress made in the third fiscal quarter and continue to reap the benefits of our integrated business model and the competencies the Company has developed over the past decade in designing, building, and now upgrading AC drive FlexRigs. Additional demand for super-spec FlexRigs remains in the market even in a mid-$40’s oil price environment and we are responding with upgrades to our existing AC fleet. H&P is perhaps the only contractor with the right AC rig fleet capacity to grow substantially in a manner that avoids the large investment in new rigs. Despite the oil price uncertainty and the choppiness that it tends to create in the market, H&P is successfully growing market share and continuing to build its brand. Our people remain the driving force of our success and the Company continues to place great focus on organizational effectiveness and equipping all of our employees to deliver excellence for the customer. Technology also plays a pivotal role in our success, and on June 2, 2017, the Company closed on the acquisition of MOTIVE Drilling Technologies, Inc. MOTIVE is a software company that has developed a bit guidance system that utilizes cognitive computing to improve directional drilling decision automation and optimization. MOTIVE is a leader in this space and to date has been used to drill over three million feet of horizontal hole across all of the major U.S. shale plays.

"We believe H&P is well positioned to successfully manage the ongoing U.S. land market and any short term volatility that may exist. We have successfully maintained an industry leading cadence for upgrades which has allowed us to increase our active fleet by 98 rigs during this fiscal year, 86 of which were super-spec upgrades. The efforts undertaken over the past couple of years to enhance organizational effectiveness are paying significant dividends. We have demonstrated the ability to achieve operational scalability, maintain a strong balance sheet, and enhance a healthy team environment throughout the organization. This is particularly apparent in our ability to respond to demand and add value to the customer. We remain confident about the future for H&P as our competitive advantages remain in our people, performance, technology, reliability and uniform FlexRig fleet."

Operating Segment Results

U.S. Land Operations:

Segment operating loss narrowed by $44 million (85%) sequentially. The favorable change was primarily attributable to an increase in quarterly revenue days and a higher rig margin per day average. The number of quarterly revenue days increased sequentially by approximately 26%, as compared to an estimated 21% for the overall market .

Adjusted average rig revenue per day decreased sequentially by $525 to $21,676 , as additional rigs returned to work at spot market rates and as long-term contracts signed at higher, prior peak rates expired or reset at or slightly above spot market rates during the quarter. The average rig expense per day decreased sequentially by $1,356 to $14,256; the decrease in the average was mostly attributable to a decline in upfront rig start-up expenses as fewer rigs were reactivated this quarter as compared to the prior quarter. The corresponding adjusted average rig margin per day increased sequentially by $831 to $7,420 .

Offshore Operations:

Segment operating income increased 9% sequentially primarily due to lower levels of depreciation. The number of quarterly revenue days decreased sequentially by approximately 8%, and the average rig margin per day increased sequentially by $686 to $11,503. Additionally, management contracts on platform rigs contributed approximately $4 million to the segment’s operating income.

International Land Operations:

The segment had operating income this quarter as compared to an operating loss the previous quarter. The $16 million sequential improvement was primarily attributable to the previously disclosed withdrawal by a customer of an early termination notice received for five rigs under long-term contracts. Excluding the impact of the corresponding retroactive adjustments, the adjusted average rig margin per day was $8,978 and the number of quarterly revenue days was 1,183. Adjusted average rig margin per day and adjusted quarterly revenue days were higher than expected primarily as a result of the resumption of normal contractual terms on the five previously mentioned rigs.

Operational Outlook for the Fourth Quarter of Fiscal 2017

U.S. Land Operations:

-- Quarterly revenue days expected to increase by approximately 3% to 5% sequentially

Average rig revenue per day expected to be slightly over $21,000 (excluding any impact from early termination revenue)

-- Average rig expense per day expected to be roughly $13,700

Offshore Operations:

-- Quarterly revenue days expected to decrease by approximately 10% sequentially

-- Average rig margin per day expected to be approximately $12,500

-- Management contracts expected to generate approximately $4 million in operating income

International Land Operations:

Adjusted quarterly revenue days expected to be roughly unchanged sequentially, resulting in approximately 13 average rigs generating revenue days during the quarter

-- Average rig margin per day expected to be roughly $7,500

Other Estimates for Fiscal 2017

FY17 capital expenditures are now estimated at roughly $400 million, and potentially higher depending on the timing of expenditures related to upgrading opportunities. This increase from our prior estimate of $350 million is due to more rigs being upgraded than initially anticipated and higher levels of maintenance capital expenditures as a result of more rigs working than previously estimated. The revised estimate excludes the acquisition of MOTIVE Drilling Technologies, Inc.

FY17 general and administrative expenses are now expected to be approximately $150 million primarily due to the acquisition of MOTIVE Drilling Technologies, Inc., and to a higher level of resources required to support a much higher active rig count than originally anticipated.

Other Highlights

H&P’s spot pricing in the U.S. Land market continued to increase (approximately 2%) from the date of the second quarter results announcement (April 27, 2017) to July 27, 2017.

Since April 27, 2017 (date of second quarter results announcement), 18 AC drive FlexRigs with 1,500 hp drawworks and 750,000 lbs. hookload ratings were upgraded to include a 7,500 psi mud circulating system and/or multiple-well pad capability, resulting in 140 rigs in our fleet today with rig specifications in highest demand.

During the third fiscal quarter, two FlexRig3s with walking systems were contracted and a third committed. One of the contracted rigs, the initial prototype, deployed to West Texas in May. Initial rig operations have been strong, and the customer has been pleased with the results.

During the third fiscal quarter, FlexRig 531, working for an operator in the Utica Shale, drilled a total measured depth well of approximately 27,750 feet with an extended reach lateral measuring approximately 19,500 feet. This was completed in approximately 17 days (from spud to total depth).

On May 22, 2017, the Company announced the acquisition of MOTIVE Drilling Technologies, Inc., the industry leader in the use of cognitive computing to guide the directional drilling process. The acquisition closed on June 2, 2017.

On June 7, 2017, Directors of the Company declared a quarterly cash dividend of $0.70 per share on the Company’s common stock payable September 1, 2017 (as filed on Form 8??’K at the time of the declaration).

Select Items Included in Net Income (or Loss) per Diluted Share

Third Quarter of Fiscal 2017 included $0.04 in after-tax income comprised of the following:

$0.07 of after-tax income related to retroactive revenue received for five rigs in the International Land Segment

$0.03 of after-tax income from long-term contract early termination compensation from customers

-- $0.01 of after-tax gains related to the sale of used drilling equipment

$0.02 of after-tax losses from charges related to the MOTIVE Drilling Technologies, Inc. acquisition transaction

$0.05 of after-tax losses from abandonment charges related to the decommissioning of used drilling equipment

Second Quarter of Fiscal 2017 included $0.02 in after-tax income comprised of the following:

$0.04 of after-tax income from long-term contract early termination compensation from customers

-- $0.09 of after-tax gains related to the sale of used drilling equipment

$0.11 of after-tax losses from abandonment charges related to the decommissioning of used drilling equipment

About Helmerich & Payne, Inc.

Helmerich & Payne, Inc. is primarily a contract drilling company. As of July 27, 2017, the Company’s existing fleet includes 350 land rigs in the U.S., 38 international land rigs, and eight offshore platform rigs. The Company’s global fleet has a total of 388 land rigs, including 373 AC drive FlexRigs.

Forward-Looking Statements

This release includes "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, and such statements are based on current expectations and assumptions that are subject to risks and uncertainties. All statements other than statements of historical facts included in this release, including, without limitation, statements regarding the registrant’s future financial position, operations outlook, business strategy, budgets, projected costs and plans and objectives of management for future operations, are forward-looking statements. For information regarding risks and uncertainties associated with the Company’s business, please refer to the "Risk Factors" and "Management’s Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company’s SEC filings, including but not limited to its annual report on Form 10??’K and quarterly reports on Form 10??’Q. As a result of these factors, Helmerich & Payne, Inc.’s actual results may differ materially from those indicated or implied by such forward-looking statements. We undertake no duty to update or revise our forward-looking statements based on changes in internal estimates, expectations or otherwise, except as required by law.

________________________

Note Regarding Trademarks. Helmerich & Payne, Inc. owns or has rights to the use of trademarks, service marks and trade names that it uses in conjunction with the operation of its business. One of the trademarks that appears in this release is FlexRig, which may be registered or trademarked in the U.S. and other jurisdictions.

This market share estimate is derived from RigData as of July 2017. Additionally, the drawworks capacity of each land rig included in the estimate was equal to or greater than 600 horsepower.

See the Selected Statistical & Operational Highlights table(s) for details on the revenues or charges excluded on a per revenue day basis. The inclusion or exclusion of these amounts results in adjusted revenue, expense, and/or margin per day figures, which are all non-GAAP measures.

See the corresponding section of this release for details regarding the select items.

The overall market’s rate of increase was calculated using the average U.S. Land rig counts from the first and second calendar quarters of 2017 as publicly published by BHGE.

These combined rig specifications are in high demand and fit the description of what some industry followers refer to as "super-spec" rigs.

HELMERICH & PAYNE, INC.
Unaudited
(in thousands, except per share data)
Three Months Ended
Nine Months Ended
CONSOLIDATED STATEMENTS OF
June 30
March 31
June 30
June 30
OPERATIONS
2017
2017
2016
2017
2016
Operating Revenues:
Drilling -- U.S. Land
$
405,516
$
330,967
$
285,028
$
1,000,119
$
1,004,116
Drilling -- Offshore
33,711
36,235
30,492
103,758
106,697
Drilling -- International Land
55,075
34,757
47,983
157,863
171,529
Other
4,262
3,324
2,983
10,697
10,182
$
498,564
$
405,283
$
366,486
$
1,272,437
$
1,292,524
Operating costs and expenses:
Operating costs, excluding depreciation
337,463
296,829
186,146
881,971
684,401
Depreciation
145,043
152,777
138,690
431,667
422,336
Asset impairment charge
--
--
6,250
--
6,250
General and administrative
42,890
33,519
46,496
110,671
112,381
Research and development
3,058
2,719
2,707
8,585
7,941
Income from asset sales
(1,862
)
(14,889 )
(547
)
(17,593
)
(7,820
)
526,592
470,955
379,742
1,415,301
1,225,489
Operating income (loss)
(28,028 )
(65,672 )
(13,256 )
(142,864
)
67,035
Other income (expense):
Interest and dividend income
1,700
1,338
778
4,028
2,310
Interest expense
(6,364
)
(6,084
)
(6,407
)
(17,503
)
(16,652
)
Other
(911
)
174
534
(350
)
926
(5,575
)
(4,572
)
(5,095
)
(13,825
)
(13,416
)
Income (loss) from continuing operations before income taxes
(33,603 )
(70,244 )
(18,351 )
(156,689
)
53,619
Income tax provision
(10,478 )
(21,771 )
2,842
(50,537
)
33,740
Income (loss) from continuing operations
(23,125 )
(48,473 )
(21,193 )
(106,152
)
19,879
Income (loss) from discontinued operations, before income taxes
3,223
(94
)
2,193
2,705
2,241
Income tax provision
1,897
251
2,200
2,233
6,113
Income (loss) from discontinued operations
1,326
(345
)
(7
)
472
(3,872
)
NET INCOME (LOSS)
$
(21,799 )
$
(48,818 )
$
(21,200 )
$
(105,680
)
$
16,007
Basic earnings per common share:
Income (loss) from continuing operations
$
(0.22
)
$
(0.45
)
$
(0.20
)
$
(0.99
)
$
0.18
Income (loss) from discontinued operations
$
0.01
$
--
$
--
$
--
$
(0.04
)
Net income (loss)
$
(0.21
)
$
(0.45
)
$
(0.20
)
$
(0.99
)
$
0.14
Diluted earnings per common share:
Income (loss) from continuing operations
$
(0.22
)
$
(0.45
)
$
(0.20
)
$
(0.99
)
$
0.17
Income (loss) from discontinued operations
$
0.01
$
--
$
--
$
--
$
(0.04
)
Net income (loss)
$
(0.21
)
$
(0.45
)
$
(0.20
)
$
(0.99
)
$
0.13
Weighted average shares outstanding:
Basic
108,572
108,565
108,047
108,470
107,970
Diluted
108,572
108,565
108,047
108,470
108,523
HELMERICH & PAYNE, INC.
Unaudited
(in thousands)
June 30
September 30
CONSOLIDATED CONDENSED BALANCE SHEETS
2017
2016
ASSETS
Cash and cash equivalents
$
572,787
$
905,561
Short-term investments
39,894
44,148
Other current assets
637,700
622,913
Current assets of discontinued operations
7
64
Total current assets
1,250,388
1,572,686
Investments
76,986
84,955
Net property, plant, and equipment
5,062,914
5,144,733
Other assets
123,603
29,645
TOTAL ASSETS
$
6,513,891
$
6,832,019
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
$
333,849
$
330,061
Current liabilities of discontinued operations
80
59
Total current liabilities
333,929
330,120
Non-current liabilities
1,434,196
1,445,237
Non-current liabilities of discontinued operations
3,225
3,890
Long-term debt less unamortized discount and debt issuance costs
492,637
491,847
Total shareholders’ equity
4,249,904
4,560,925
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
$
6,513,891
$
6,832,019
HELMERICH & PAYNE, INC.
Unaudited
(in thousands)
Nine Months Ended
June 30
CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS
2017
2016
OPERATING ACTIVITIES:
Net income (loss)
$
(105,680 )
$
16,007
Adjustment for (income) loss from discontinued operations
(472
)
3,872
Income (loss) from continuing operations
(106,152 )
19,879
Depreciation
431,667
422,336
Asset impairment charge
--
6,250
Changes in assets and liabilities
(97,040
)
153,624
Income from asset sales
(17,593
)
(7,820
)
Other
25,367
21,071
Net cash provided by operating activities from continuing operations
236,249
615,340
Net cash provided by (used in) operating activities from discontinued operations
(115
)
70
Net cash provided by operating activities
236,134
615,410
INVESTING ACTIVITIES:
Capital expenditures
(300,275 )
(219,549 )
Purchase of short-term investments
(48,958
)
(36,958
)
Payment for acquisition of business, net of cash acquired
(70,416
)
--
Proceeds from sale of short-term investments
53,150
32,681
Proceeds from asset sales
17,921
12,804
Net cash used in investing activities
(348,578 )
(211,022 )
FINANCING ACTIVITIES:
Debt issuance costs
--
(32
)
Dividends paid
(229,061 )
(224,040 )
Exercise of stock options, net of tax withholding
10,458
483
Tax withholdings related to net share settlements of restricted stock
(5,848
)
(3,912
)
Excess tax benefit from stock-based compensation
4,121
761
Net cash used in financing activities
(220,330 )
(226,740 )
Net increase (decrease) in cash and cash equivalents
(332,774 )
177,648
Cash and cash equivalents, beginning of period
905,561
729,384
Cash and cash equivalents, end of period
$
572,787
$
907,032
Three Months Ended
Nine Months Ended
June 30
March 31
June 30
June 30
SEGMENT REPORTING
2017
2017
2016
2017
2016
(in thousands, except days and per day amounts)
U.S. LAND OPERATIONS
Revenues
$
405,516
$
330,967
$
285,028
$
1,000,119
$
1,004,116
Direct operating expenses
277,372
238,249
122,694
686,227
460,119
General and administrative expense
13,347
12,573
14,221
37,562
38,790
Depreciation
122,777
131,995
116,061
367,048
355,102
Asset impairment charge
--
--
6,250
--
6,250
Segment operating income (loss)
$
(7,980
)
$
(51,850 )
$
25,802
$
(90,718
)
$
143,855
Revenue days
16,577
13,166
7,483
39,527
29,029
Average rig revenue per day
$
21,986
$
22,654
$
35,474
$
22,902
$
32,251
Average rig expense per day
$
14,256
$
15,612
$
13,780
$
14,942
$
13,532
Average rig margin per day
$
7,730
$
7,042
$
21,694
$
7,960
$
18,719
Rig utilization
52
%
42
%
24
%
42
%
31
%
OFFSHORE OPERATIONS
Revenues
$
33,711
$
36,235
$
30,492
$
103,758
$
106,697
Direct operating expenses
23,656
26,023
24,249
72,524
81,607
General and administrative expense
969
902
975
2,787
2,674
Depreciation
2,630
3,398
3,184
9,295
9,311
Segment operating income
$
6,456
$
5,912
$
2,084
$
19,152
$
13,105
Revenue days
546
595
637
1,785
2,064
Average rig revenue per day
$
35,644
$
36,006
$
25,568
$
34,204
$
27,086
Average rig expense per day
$
24,141
$
25,189
$
18,823
$
23,300
$
19,721
Average rig margin per day
$
11,503
$
10,817
$
6,745
$
10,904
$
7,365
Rig utilization
75
%
77
%
78
%
77
%
84
%
INTERNATIONAL LAND OPERATIONS
Revenues
$
55,075
$
34,757
$
47,983
$
157,863
$
171,529
Direct operating expenses
35,006
32,181
38,230
120,537
140,351
General and administrative expense
714
920
772
2,303
2,377
Depreciation
14,428
12,633
13,972
40,248
42,725
Segment operating income (loss)
$
4,927
$
(10,977 )
$
(4,991
)
$
(5,225
)
$
(13,924
)
Revenue days
1,633
870
1,274
3,660
3,992
Average rig revenue per day
$
32,708
$
37,340
$
34,693
$
41,134
$
39,382
Average rig expense per day
$
19,645
$
33,649
$
26,156
$
30,328
$
29,050
Average rig margin per day
$
13,063
$
3,691
$
8,537
$
10,806
$
10,332
Rig utilization
47
%
25
%
37
%
35
%
38
%

Operating statistics exclude the effects of offshore platform management contracts, gains and losses from translation of foreign currency transactions, and do not include reimbursements of "out-of-pocket" expenses in revenue per day, expense per day and margin calculations.

Reimbursed amounts were as follows:

U.S. Land Operations
$ 41,059
$ 32,704
$ 19,593
$ 94,861
$ 67,915
Offshore Operations
$ 5,181
$ 6,066
$ 5,270
$ 15,678
$ 17,687
International Land Operations
$ 1,663
$ 2,272
$ 3,784
$ 7,312
$ 14,316

Segment operating income for all segments is a non-GAAP financial measure of the Company’s performance, as it excludes general and administrative expenses, corporate depreciation, income from asset sales and other corporate income and expense. The Company considers segment operating income to be an important supplemental measure of operating performance for presenting trends in the Company’s core businesses. This measure is used by the Company to facilitate period-to-period comparisons in operating performance of the Company’s reportable segments in the aggregate by eliminating items that affect comparability between periods. The Company believes that segment operating income is useful to investors because it provides a means to evaluate the operating performance of the segments and the Company on an ongoing basis using criteria that are used by our internal decision makers. Additionally, it highlights operating trends and aids analytical comparisons. However, segment operating income has limitations and should not be used as an alternative to operating income or loss, a performance measure determined in accordance with GAAP, as it excludes certain costs that may affect the Company’s operating performance in future periods.

The following table reconciles operating income per the information above to income (loss) from continuing operations before income taxes as reported on the Consolidated Statements of Operations (in thousands).

Three Months Ended
Nine Months Ended
June 30
March 31
June 30
June 30
2017
2017
2016
2017
2016
Operating income (loss)
U.S. Land
$
(7,980
)
$
(51,850 )
$
25,802
$
(90,718
)
$
143,855
Offshore
6,456
5,912
2,084
19,152
13,105
International Land
4,927
(10,977 )
(4,991
)
(5,225
)
(13,924 )
Other
(1,992
)
(1,134
)
(2,186
)
(5,175
)
(4,839
)
Segment operating income (loss)
$
1,411
$
(58,049 )
$
20,709
$
(81,966
)
$
138,197
Corporate general and administrative
(27,860 )
(19,124 )
(30,528 )
(68,019
)
(68,540 )
Other depreciation
(3,852
)
(3,822
)
(4,456
)
(11,751
)
(12,037 )
Inter-segment elimination
411
434
472
1,279
1,595
Income from asset sales
1,862
14,889
547
17,593
7,820
Operating income (loss)
$
(28,028 )
$
(65,672 )
$
(13,256 )
$
(142,864 )
$
67,035
Other income (expense):
Interest and dividend income
1,700
1,338
778
4,028
2,310
Interest expense
(6,364
)
(6,084
)
(6,407
)
(17,503
)
(16,652 )
Other
(911
)
174
534
(350
)
926
Total other income (expense)
(5,575
)
(4,572
)
(5,095
)
(13,825
)
(13,416 )
Income (loss) from continuing operations before income taxes
$
(33,603 )
$
(70,244 )
$
(18,351 )
$
(156,689 )
$
53,619

SUPPLEMENTARY STATISTICAL INFORMATION

The tables and information that follow are additional statistical information that may also help provide further clarity and insight into the operations of the Company.

SELECTED STATISTICAL & OPERATIONAL HIGHLIGHTS
(Used to determine adjusted per revenue day statistics, which is a non-GAAP measure)
Three Months Ended
June 30
March 31
2017
2017
(in dollars per revenue day)
U.S. Land Operations
Early contract termination revenues
$
310
$
453
Total impact per revenue day:
$
310
$
453
U.S. LAND RIG COUNTS & MARKETABLE FLEET STATISTICS
July 27
June 30
March 31
Q3FY17
2017
2017
2017
Average
U.S. Land Operations
Term Contract Rigs
98
99
88
95.5
Spot Contract Rigs
91
91
79
86.7
Total Rigs Generating Revenue Days
189
190
167
182.2
Other Contracted Rigs
--
--
1
0.6
Total Contracted Rigs
189
190
168
182.8
Idle or Other Rigs
161
160
182
167.2
Total Marketable Fleet
350
350
350
350.0
H&P GLOBAL FLEET UNDER TERM CONTRACT STATISTICS
Number of Rigs Already Under Long-Term Contracts(1)
(Estimated Quarterly Average -- as of 7/27/17)
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Segment
FY17
FY18
FY18
FY18
FY18
FY19
FY19
U.S. Land Operations
95.3
83.0
53.7
43.3
33.4
27.8
20.4
International Land Operations
10.0
10.0
10.0
10.0
10.0
10.0
10.0
Offshore Operations
2.0
2.0
2.0
1.9
0.3
--
--
Total
107.3
95.0
65.7
55.2
43.8
37.8
30.4

_______________________

(1) The above term contract coverage excludes long-term contracts for which the Company received early contract termination notifications as of 7/27/17. Given notifications as of 7/27/17, the Company expects to generate approximately $5 million in the fourth fiscal quarter of 2017 and approximately $15 million thereafter from early terminations corresponding to long-term contracts and related to its U.S. Land segment. All of the above rig contracts include provisions for early termination fees.

Contact:
Investor Relations
investor.relations@hpinc.com
(918) 588??’5190

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