Helmerich and payne expects q3 to be hit by covid-19

Helmerich and payne expects q3 to be hit by covid-19 but encouraged about international prospects - ceo on conf call.helmerich and payne cfo says reduction of field workforce, impacting over 2,800 individuals- conf call.helmerich and payne cfo says current expectation for full fiscal 2020 general and administrative expenses is now $180 million - conf call.helmerich and payne cfo says annual effective tax rate to be in the range of 16% to 21% - conf call.helmerich and payne cfo says do not anticipate incurring any significant additional cash tax-related to the full 2020 fiscal year - conf call.helmerich and payne cfo say expectations for the remainder of fiscal 2020 include continued declines in rig activity, most of which will occur in q3 - conf call.helmerich and payne cfo says no further share buybacks are contemplated at this time- conf call.helmerich and payne cfo says expect operating income to be lower in the remaining quarters of the fiscal year - conf call.helmerich and payne cfo says expect cash flows from operations to be higher in the second half of the fiscal year-conf call.helmerich and payne cfo says debt-to-capital at quarter end was 12% with a 2.5% net debt to cap-conf call.helmerich and payne cfo says have no debt maturing until 2025-conf call.helmerich and payne cfo says capital expenditures for the full fiscal 2020 are now expected to range between $185 million to $205 million-conf call.
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