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Helmerich & Payne HP Q1 2026 earnings

Reported February 4, 2026 · After market close

Revenue$1.0BBeat by $27.8M
EPS-$0.15Miss by $0.27
Revenue estimate$989.3M
EPS estimate$0.12

Next report

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

Financials

Q1 2026

Income statement

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Revenue$1.0B+50.2%
Gross profit$334.2M+25.5%
Operating income-$59.9M-166%
Net income-$96.7M-277%
EPS (diluted)-$0.98-281%

Balance sheet

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Cash & equivalents$279.5M-83.6%
Total debt$2.0B+14.1%
Total equity$2.7B-8.3%
Total assets$6.5B+11.0%

Cash flow

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Operating cash flow$182.4M+15.2%
CapEx$67.6M-36.5%
Free cash flow$114.9M+121%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$2.82B-10.7%
Enterprise value$4.58B+41.4%
P/S0.7×-0.5×

Profitability

See full
Gross margin31.9%-8.8pp
Net margin-7.7%-18.7pp
FCF margin4.4%-3.0pp

Returns & leverage

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Return on equity-11.2%-21.8pp
Debt / equity0.8×+0.1×
Current ratio2×-0.8×

Segments

By segment

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North America Solutions$563.9M-5.7%
Offshore Solutions$188.3M—

FAQ

When did Helmerich & Payne report Q1 2026 earnings?
Helmerich & Payne (HP) reported Q1 2026 earnings on February 4, 2026 after market close.
What were Helmerich & Payne's Q1 2026 revenue and EPS?
Helmerich & Payne reported revenue of $1.0B and eps of $-0.15 for Q1 2026.
Did Helmerich & Payne beat estimates in Q1 2026?
Revenue beat the consensus estimate of $989.3M by $27.8M. EPS missed the consensus estimate of $0.12 by $0.27.
How did Helmerich & Payne's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 50.2% from $677.3M a year earlier.
Where can I find Helmerich & Payne's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000046765-26-000010) and the 10-Q periodic report (0000046765-26-000012) directly on SEC EDGAR. The filing index links above go to sec.gov.