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Helmerich & Payne HP International Solutions — Operating Income (Loss)

Other segment segments

North America Solutions
$140.31M-11.0%
Offshore Solutions
$16.8M+91.6%

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Other financials

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

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Market cap$3.7B+141%
Enterprise value$5.33B+46.1%
P/S0.9×+0.5×

Profitability

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Gross margin31.8%-3.3pp
Operating margin3.3%-13.2pp
Net margin-3.4%-5.3pp
FCF margin4.4%-3.0pp

Returns & leverage

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

Where this comes from

Reported directly by Helmerich & Payne in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Helmerich & Payne’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:16 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0000046765-26-000042
(in thousands)North America SolutionsInternational SolutionsOffshore SolutionsTotal
Acquisition transaction and integration costs186186
Asset impairment charge1,1531,153
Restructuring charges39349858949
Segment operating income (loss)140,312(54,428)16,800102,684
Reconciliation of segment operating income (loss):
All other operating income1,344
Elimination of intersegment income1,528
Segment operating income105,556

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Helmerich & Payne's international solutions — operating income (loss)?
Helmerich & Payne (HP) reported international solutions — operating income (loss) of -$54.43M in Q2 2026.
How has Helmerich & Payne's international solutions — operating income (loss) changed year-over-year?
Helmerich & Payne's international solutions — operating income (loss) increased by 67.3% year-over-year, from -$166.51M to -$54.43M.
What is the long-term trend for Helmerich & Payne's international solutions — operating income (loss)?
Over 2 years (2021 to 2025), Helmerich & Payne's international solutions — operating income (loss) has grown at a 272.7% compound annual growth rate (CAGR), from -$21M to -$291.7M.
What does international solutions — operating income (loss) mean?
The core profitability metric for the international segment, calculated as operating revenues minus all direct and indirect operating expenses. It measures the segment's ability to generate sustainable returns from its international drilling activities independent of corporate financing or tax structures.

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