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Helmerich & Payne HP International Solutions — Restructuring Charges

Other segment segments

North America Solutions
$393K-78.7%
Offshore Solutions
$58K+100%

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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:RestructuringCharges.

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
Selling, general and administrative costs11,2829,0971,33721,716
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

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Helmerich & Payne's international solutions — restructuring charges?
Helmerich & Payne (HP) reported international solutions — restructuring charges of $498K in Q2 2026.
How has Helmerich & Payne's international solutions — restructuring charges changed year-over-year?
Helmerich & Payne's international solutions — restructuring charges increased by 31.1% year-over-year, from $380K to $498K.
What does international solutions — restructuring charges mean?
Costs associated with reorganizing international operations, such as severance, facility closures, or contract terminations. This metric highlights the financial impact of efforts to streamline the international business model or respond to regional market downturns.

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