From Helmerich & Payne, Inc. Announcement:
The number of quarterly revenue days increased sequentially by approximately 4%.
Adjusted average rig revenue per day increased by $483 to $22,167(1) as pricing continued to improve throughout the quarter.
The average rig expense per day decreased sequentially by $359 to $13,546; the decrease in the average was mostly attributable to lower than anticipated self-insurance expenses.
The corresponding adjusted average rig margin per day increased sequentially by $842 to $8,621(1).