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Helmerich & Payne, Inc.

Helmerich & Payne, Inc.

NYSE•HP
CEO: Mr. John W. Lindsay
Sector: Energy
Industry: Oil & Gas Drilling
Listing Date: 1980-10-15
Helmerich & Payne, Inc., together with its subsidiaries, provides drilling solutions and technologies for oil and gas exploration and production companies. The company operates through North America Solutions, Offshore Gulf of Mexico, and International Solutions segments. The North America Solutions segment conducts operations primarily in Texas, as well as in Colorado, Louisiana, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, Utah, West Virginia, and Wyoming. The Offshore Gulf of Mexico segment has drilling operations in Louisiana and in U.S. federal waters in the Gulf of Mexico. The International Solutions segment conducts drilling operations in Saudi Arabia, Argentina, Bahrain, Australia, Colombia, and the United Arab Emirates. The company focuses on developing, promoting, and commercializing technologies designed to enhance the drilling operations, as well as wellbore quality and placement. It also owns and operates commercial real estate properties. In addition, the company's real estate investments include a shopping center. Helmerich & Payne, Inc. was founded in 1920 and is headquartered in Tulsa, Oklahoma.
Contact Information
222 North Detroit Avenue, Suite 1400, Tulsa, OK, 74120, United States
918-742-5531
www.helmerichpayne.com
Market Cap
$3.55B
P/E (TTM)
-11.2
21
Dividend Yield
2.8%
52W High
$36.73
52W Low
$14.65
52W Range
95%
Rank36Top 31.8%
4.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q1 2026 Data

Revenue

$1.02B+0.00%
4-Quarter Trend

EPS

-$0.97+0.00%
4-Quarter Trend

FCF

$114.86M+0.00%
4-Quarter Trend

2026 Q1 Earnings Highlights

Key Highlights

Revenue Surge Post-Acquisition Consolidated operating revenues reached $1.017B USD, a 50.1% increase from $677.3M USD in the prior year period.
Net Income Swing to Loss Reported net loss attributable to H&P of $(96.7M) USD, contrasting sharply with $54.8M income recorded last year.
Strong Operating Cash Flow Cash provided by operating activities totaled $182.4M USD, showing improvement over $158.4M USD generated in the prior period.
Backlog Stability Maintained Total contract drilling backlog held steady at $7.0B USD across segments as of December 31, 2025, mostly long-term.

Risk Factors

Major Asset Impairment Charge Recorded $103.1M non-cash impairment charge related to scrapping 33 rigs across North America and Offshore segments.
North America Profit Decline NAS segment operating income fell 76.2% to $36.2M USD, heavily impacted by $97.9M in asset impairment charges.
International Segment Loss Widens International Solutions segment loss widened significantly to $(55.3M) USD due to higher depreciation and acquisition costs.
Geopolitical Market Uncertainty Ongoing geopolitical tensions and volatile oil prices create uncertainty for future international activity levels and customer spending.

Outlook

Fleet Right-Sizing Strategy Committed to scrapping 33 rigs to right-size fleet and reduce operating expenses moving forward in current strategy.
Debt Reduction Activities Repaid $30.0M on Term Loan Credit Agreement during the quarter as part of ongoing debt management efforts.
Saudi Arabia Rig Resumptions Expecting seven Saudi Arabia rigs to resume operations in H1 2026, projecting 23 total operating rigs in that country.
Focus on Innovation/Reliability Long-term strategy remains focused on technology innovation, safety, operational excellence, and reliability goals for future.

Peer Comparison

Revenue (TTM)

Delek US Holdings, Inc.DK
$10.67B
-21.1%
Patterson-UTI Energy, Inc.PTEN
$4.83B
-10.3%
Civitas Resources, Inc.CIVI
$4.71B
-6.6%

Gross Margin (Latest Quarter)

Crescent Energy CompanyCRGY
81.1%
-1.5pp
Civitas Resources, Inc.CIVI
70.9%
+32.1pp
International Seaways, Inc.INSW
60.9%
-1.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
LBRT$4.08B27.67.3%24.5%
HP$3.55B-11.2-11.4%31.5%
DNN$3.54B-24.7-38.6%26.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.0%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:May 5, 2026
|
EPS:-
|
Revenue:-
Reports
Financials
All Years

  • Form 10-Q - Q1 2026

    Period End: Dec 31, 2025|Filed: Feb 5, 2026|
    Revenue: $1.02B+0.0%
    |
    EPS: $-0.97+0.0%
    Miss

  • Form 10-K - FY 2025

    Period End: Sep 30, 2025|Filed: Nov 21, 2025|
    Revenue: $3.75B+35.9%
    |
    EPS: $-1.66-148.4%
    Miss

  • Form 10-Q - Q3 2025

    Period End: Jun 30, 2025|Filed: Aug 11, 2025|
    Revenue: $1.04B+49.2%
    |
    EPS: $-1.64-284.3%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Mar 31, 2025|Filed: May 9, 2025|
    Revenue: $1.02B+47.7%
    |
    EPS: $0.01-98.8%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Dec 31, 2024|Filed: Feb 5, 2025|
    Revenue: $677.30M+0.0%
    |
    EPS: $0.55-42.1%
    Miss

  • Form 10-K - FY 2024

    Period End: Sep 30, 2024|Filed: Nov 13, 2024|
    Revenue: $2.76B-4.0%
    |
    EPS: $3.43-17.9%
    Meet

  • Form 10-Q - Q3 2024

    Period End: Jun 30, 2024|Filed: Jul 25, 2024|
    Revenue: $697.72M-3.6%
    |
    EPS: $0.89-4.3%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Mar 31, 2024|Filed: Apr 24, 2024|
    Revenue: $687.94M-10.6%
    |
    EPS: $0.85-45.5%
    Meet