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
$691.3M
Gross Profit
N/A
Operating Profit
$106.5M
Net Profit
$75.5M
Gross Margin
N/A
Operating Margin
15.4%
Net Margin
10.9%
YoY Growth
5.2%
EPS
$0.77
Helmerich & Payne, Inc. Q4 FY2024 Financial Summary
Helmerich & Payne, Inc. reported revenue of $691.3M (up 5.2% YoY) for Q4 FY2024, with a net profit of $75.5M (down 2.8% YoY) (10.9% margin).
Key Financial Metrics
| Total Revenue | $691.3M |
|---|---|
| Net Profit | $75.5M |
| Gross Margin | N/A |
| Operating Margin | 15.4% |
| Report Period | Q4 FY2024 |
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 |