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Helmerich & Payne

HP

Helmerich & Payne provides performance-driven drilling solutions and advanced technologies for oil and gas exploration and production companies.

Market cap
$4.34B+110%
Revenue$4.0B+16.6%
Net income-$137.0M-344%
Free cash flow$366.2M+389%
EPS (diluted)-$1.41-327%
Trailing twelve months · change vs. prior year

Earnings

Next report

Nov 16, 2026 (in 2 months)
Revenue estimate$1.1B
EPS estimate$0.23

Financials

Q3 2026

Income statement

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Revenue$1.0B-0.6%
Gross profit$349.9M+3.9%
Operating income$188.2M+247%
Net income$75.7M+146%
EPS (diluted)$0.74+145%

Balance sheet

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Cash & equivalents$239.3M+5.4%
Total debt$1.9B-20.2%
Total equity$2.7B-6.8%
Total assets$6.3B-8.4%

Cash flow

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Operating cash flow$153.7M+26.4%
CapEx$69.8M-28.1%
Free cash flow$83.9M+241%

Valuation & ratios

Valuation

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Market cap$4.34B+110%
Enterprise value$5.97B+39.6%
P/S1.1×+0.5×

Profitability

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Gross margin31.8%-3.3pp
Net margin-3.4%-5.3pp

Returns & leverage

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Return on equity-4.9%-6.9pp
Debt / equity0.7×-0.1×
Current ratio+0.1×

Segments

By segment

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North America Solutions$562.9M-4.9%
Offshore Solutions$174.4M+7.8%

By geography

See full
Other foreign$117.3M+64.4%

Competitors

Profile

Helmerich & Payne provides performance-driven drilling solutions and advanced technologies for oil and gas exploration and production companies. The company specializes in high-specification land and offshore drilling, utilizing a uniform digital fleet to improve hydrocarbon recovery efficiency and safety. Following a major acquisition in 2025, the company has significantly expanded its global footprint and technical manufacturing capabilities.

Competitive position

The company is the leading provider of super-spec AC drive land rigs in the Western Hemisphere and maintains a dominant market share in the U.S. land drilling sector.

GeographiesUnited States, Saudi Arabia, Argentina, Oman, Germany, United Kingdom, Colombia, Kuwait
Customer segmentsNational Oil Companies (NOCs), International Oil Companies (IOCs), Independent E&P Companies
Business modelDaywork contracts, Performance-based contracts, Asset-light management services, Manufacturing and Engineering
SuppliersCaterpillar engine suppliers, Steel and component manufacturers, Third-party reinsurance providers, Specialized labor
CustomersExploration and Production (E&P) companies, National oil companies, Major integrated energy firms
Listed1963
Employees6.2K
CEORaymond John Adams
SectorEnergy
FilingsSEC EDGAR

FAQ

What is Helmerich & Payne's market cap?
Helmerich & Payne (HP) has a market capitalization of $4.3B and trades on NYSE.
What is Helmerich & Payne's revenue and profitability?
Helmerich & Payne generated $4.0B in trailing twelve-month revenue with a net loss of $137.0M, representing a net margin of -3.4%. Gross margin stands at 31.8%, with free cash flow of $366.2M. The latest reported period is Q3 2026.
Who are Helmerich & Payne's competitors?
Helmerich & Payne's key competitors include Nabors Industries Ltd., Patterson-UTI Energy, Inc., OIL STATES INTERNATIONAL, INC., and others. These companies compete in similar markets and product categories.
Who does Helmerich & Payne partner with?
Helmerich & Payne's notable partners include Caterpillar.
What subsidiaries does Helmerich & Payne have?
Helmerich & Payne's subsidiaries include KCA Deutag, BENTEC.
Where is Helmerich & Payne headquartered?
Helmerich & Payne is headquartered in United States of America and employs approximately 6,200 people. It has been publicly traded since 1963.