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Helmerich & Payne HP Offshore Solutions — Acquisition transaction costs

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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$3.33B+116%
Enterprise value$4.95B+35.7%
P/S0.8×+0.4×

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:BusinessCombinationAcquisitionRelatedCosts.

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
HELMERICH & PAYNE, INC. / UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS / (in thousands, except per share amounts)UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS / Three Months Ended June 30, 2026UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS / Three Months Ended June 30, 2025UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS / Nine Months Ended June 30, 2026UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS / Nine Months Ended June 30, 2025
Depreciation and amortization180,960179,491543,613436,228
Research and development5,9097,77719,57126,558
Selling, general and administrative65,84965,506207,373209,407
Acquisition transaction and integration costs1,6718,6237,81449,025
Asset impairment charges1,153173,258130,340175,102
Restructuring charges1,3624,6815,8354,681
Gain on involuntary conversion(13,581)(13,581)
Gain on reimbursement of drilling equipment(6,036)(6,773)(18,099)(26,149)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Helmerich & Payne's offshore solutions — acquisition transaction costs?
Helmerich & Payne (HP) reported offshore solutions — acquisition transaction costs of $0 in Q2 2026.
What does offshore solutions — acquisition transaction costs mean?
Captures the professional fees, legal expenses, and other costs directly attributable to the acquisition of entities or assets within the Offshore Solutions segment. These costs are typically expensed as incurred and are distinct from the purchase price of the assets themselves. Monitoring these expenses provides transparency into the overhead costs associated with the company's inorganic growth strategy.

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