Article: BRIEF: Profit rises at Helmerich & Payne.(Financial report)

Aug. 1--Tulsa-based Helmerich & Payne Inc. reported net income Wednesday of $115.2 million, or $1.09 per diluted share, from operating revenues of $421.3 million for its third fiscal quarter ended June 30.

That compared with net income of $79.98 million, or 75 cents per diluted share, from operating revenues of $319.8 million during last year's third fiscal quarter.

Officials also announced H&P has signed two three-year contracts with an exploration and production company to operate two new FlexRigs. The name of the customer and other terms were not disclosed.

The agreement brings to 77 the total number of new FlexRig commitments with at least ...

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