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...
Revenue
$685.1M
Gross Profit
N/A
Operating Profit
$110.6M
Net Profit
$84.8M
Gross Margin
N/A
Operating Margin
16.1%
Net Margin
12.4%
YoY Growth
-10.6%
EPS
$0.84
Helmerich & Payne, Inc. Q2 FY2024 Financial Summary
Helmerich & Payne, Inc. reported revenue of $685.1M (down 10.6% YoY) for Q2 FY2024, with a net profit of $84.8M (down 48.3% YoY) (12.4% margin).
Key Financial Metrics
| Total Revenue | $685.1M |
|---|---|
| Net Profit | $84.8M |
| Gross Margin | N/A |
| Operating Margin | 16.1% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Helmerich & Payne, Inc. Q2 FY2024 revenue of $685.1M breaks down across 6 segments, led by North America Solutions at $613.3M (89.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| North America Solutions | $613.3M | 89.5% |
| AR | $34.0M | 5.0% |
| International Solutions Segment | $25.9M | 3.8% |
| BH | $4.5M | 0.7% |
| Investee | $2.7M | 0.4% |
| Other Foreign | $1.4M | 0.2% |
Helmerich & Payne, Inc. Revenue by Segment — Quarterly Trend
Helmerich & Payne, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as North America Solutions and AR) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| North America Solutions | $563.6M | $571.9M | $592.0M | $599.5M |
| International Solutions Segment | $229.3M | — | — | $247.7M |
| Investee | — | $4.7M | $3.1M | $3.5M |
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 |
Helmerich & Payne, Inc. Quarterly Revenue & Net Profit History
Helmerich & Payne, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $981.1M | +45.4% | $-96.7M | -9.9% |
| Q4 FY2025 | $953.8M | +38.0% | $-57.4M | -6.0% |
| Q3 FY2025 | $1.0B | +49.3% | $-162.8M | -15.7% |
| Q2 FY2025 | $1.0B | +47.8% | $1.7M | 0.2% |
| Q1 FY2025 | $674.6M | +0.0% | $54.8M | 8.1% |
| Q4 FY2024 | $691.3M | +5.2% | $75.5M | 10.9% |
| Q3 FY2024 | $695.1M | -3.7% | $88.7M | 12.8% |
| Q2 FY2024 | $685.1M | -10.6% | $84.8M | 12.4% |
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 | $1.62B | $1.63B | $2.86B | $2.87B | $4.19B | $4.00B | $3.88B | 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 |