Helmerich & Payne, Inc.HPEarnings & Financial Report
Helmerich & Payne, Inc. is an American petroleum contract drilling company engaged in oil and gas well drilling and related services for exploration and production companies headquartered in Tulsa, Oklahoma, with operations throughout the world. Their FlexRigs, introduced in 1998, have been used extensively in drilling unconventional shale formations, such as the Bakken formation in North Dakota and the Permian Basin and Eagle Ford formation in Texas. H&P is the largest on-shore driller in th...
HP Q1 2026 Key Financial Metrics
Revenue
$981.1M
Gross Profit
N/A
Operating Profit
$-59.9M
Net Profit
$-96.7M
Gross Margin
N/A
Operating Margin
-6.1%
Net Margin
-9.9%
YoY Growth
45.4%
EPS
$-0.98
Financial Flow
Helmerich & Payne, Inc. Q1 2026 Financial Summary
Helmerich & Payne, Inc. reported revenue of $981.1M for Q1 2026, with a net profit of $-96.7M (-9.9% margin). Cost of goods sold was N/A, operating expenses totaled N/A.
Key Financial Metrics
| Total Revenue | $981.1M |
|---|---|
| Net Profit | $-96.7M |
| Gross Margin | N/A |
| Operating Margin | -6.1% |
| Report Period | Q1 2026 |
Helmerich & Payne, Inc. Annual Revenue by Year
Helmerich & Payne, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $3.7B).
| Year | Annual Revenue |
|---|---|
| 2025 | $3.7B |
| 2024 | $2.7B |
| 2023 | $2.9B |
| 2022 | $2.0B |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $685.1M | $695.1M | $691.3M | $674.6M | $1.01B | $1.04B | $953.8M | $981.1M |
| YoY Growth | -10.6% | -3.7% | 5.2% | 0.0% | 47.8% | 49.3% | 38.0% | 45.4% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $4.42B | $4.48B | $5.78B | $5.82B | $7.24B | $6.86B | $6.71B | $6.46B |
| Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Equity | $2.80B | $2.86B | $2.92B | $2.95B | $3.05B | $2.87B | $2.83B | $2.70B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $143.7M | $197.4M | $168.8M | $158.4M | $56.0M | $121.6M | $206.9M | $182.4M |