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Helmerich & Payne HP Offshore Solutions — Foreign currency translation adjustment

Other segment segments

Other
$6.61M
North America Solutions
$0

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Other financials

Income statement

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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%
Free cash flow$114.9M+121%

Valuation

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Market cap$3.56B+41.1%

Profitability

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Gross margin31.5%-5.8pp
Operating margin3.3%-13.2pp
Net margin-9.4%-16.5pp
FCF margin4.4%-3.0pp

Returns & leverage

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

Where this comes from

Reported directly by Helmerich & Payne in its filing.

Tagged under the XBRL concept us-gaap:GoodwillForeignCurrencyTranslationGainLoss.

The official record: Helmerich & Payne’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Helmerich & Payne's offshore solutions — foreign currency translation adjustment?
Helmerich & Payne (HP) reported offshore solutions — foreign currency translation adjustment of $1.22M in Q1 2026.
How has Helmerich & Payne's offshore solutions — foreign currency translation adjustment changed year-over-year?
Helmerich & Payne's offshore solutions — foreign currency translation adjustment decreased by 44.8% year-over-year, from $2.21M to $1.22M.
What does offshore solutions — foreign currency translation adjustment mean?
Captures the impact of exchange rate fluctuations on the financial statements of international offshore operations when converted to the reporting currency. This metric highlights the company's exposure to currency volatility in global offshore markets.