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Helmerich & Payne HP Q2 2026 earnings

Reported May 6, 2026 · After market close

Revenue$932.4MMiss by $13.2M
EPS-$0.38Miss by $0.32
Revenue estimate$945.6M
EPS estimate-$0.06

Next report

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

Financials

Q2 2026

Income statement

See full
Revenue$932.4M-8.2%
Gross profit$271.2M-13.7%
Operating income-$36.9M-188%
Net income-$58.6M-3,643%
EPS (diluted)-$0.59-6,000%

Balance sheet

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Cash & equivalents$204.0M-16.7%
Total debt$2.0B-10.6%
Total equity$2.6B-13.8%
Total assets$6.3B-12.5%

Cash flow

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Operating cash flow$36.6M-34.7%
CapEx$62.9M-60.4%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$3.66B+41.1%
Enterprise value$5.46B+19.0%
P/S0.9×+0.1×

Profitability

See full
Gross margin31.5%-5.8pp
Net margin-9.4%-16.5pp

Returns & leverage

See full
Return on equity-13.2%-20.7pp
Debt / equity0.8×0.0×
Current ratio1.7×0.0×

Segments

By segment

See full
North America Solutions$517.2M-13.7%
Offshore Solutions$171.4M—

FAQ

When did Helmerich & Payne report Q2 2026 earnings?
Helmerich & Payne (HP) reported Q2 2026 earnings on May 6, 2026 after market close.
What were Helmerich & Payne's Q2 2026 revenue and EPS?
Helmerich & Payne reported revenue of $932.4M and eps of $-0.38 for Q2 2026.
Did Helmerich & Payne beat estimates in Q2 2026?
Revenue missed the consensus estimate of $945.6M by $13.2M. EPS missed the consensus estimate of $-0.06 by $0.32.
How did Helmerich & Payne's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 8.2% from $1.0B a year earlier.
Where can I find Helmerich & Payne's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000046765-26-000025) and the 10-Q periodic report (0000046765-26-000034) directly on SEC EDGAR. The filing index links above go to sec.gov.