Helmerich & Payne HP Offshore Solutions — Direct operating expenses

Other segment segments

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Questions, answered.

What is Helmerich & Payne's offshore solutions — direct operating expenses?

Helmerich & Payne (HP) reported offshore solutions — direct operating expenses of $144.5M in Q1 2026.

How has Helmerich & Payne's offshore solutions — direct operating expenses changed year-over-year?

Helmerich & Payne's offshore solutions — direct operating expenses increased by 17.6% year-over-year, from $122.9M to $144.5M.

What does offshore solutions — direct operating expenses mean?

Includes the costs directly attributable to the operation of offshore drilling rigs, such as labor, fuel, maintenance, and logistics. Monitoring these expenses is critical for assessing the operational efficiency and margin sustainability of the offshore segment.