Helmerich & Payne, Inc. (HP) Monday reported fourth-quarter net loss of $57.36 million or $0.58 per share, compared to net income of $75.48 million or $0.76 per share last year.
Revenues for the quarter dropped to $1.01 billion from $693.79 million last year.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.