What is Helmerich & Payne's offshore solutions — goodwill?

Helmerich & Payne (HP) reported offshore solutions — goodwill of $138.14M in Q1 2026.

How has Helmerich & Payne's offshore solutions — goodwill changed year-over-year?

Helmerich & Payne's offshore solutions — goodwill increased by 13.3% year-over-year, from $121.91M to $138.14M.

What does offshore solutions — goodwill mean?

The intangible asset value representing the premium paid over the fair market value of net assets during the acquisition of offshore-related businesses. It serves as an indicator of past inorganic growth strategies and is subject to periodic impairment testing based on segment performance.

Helmerich & Payne HP Offshore Solutions — Goodwill

Other segment segments

North America Solutions

$45.65M0.0%

Similar metrics at other companies

OIIOffshore Projects Group — Goodwill

$0—

KNFWest — Goodwill

$137.88M+11.5%

AOSRest of World — Goodwill

$119.1M-31.9%

CLFOther Businesses — Goodwill

$49M0.0%

REZIProducts and Solutions — Goodwill

$2.03B+0.2%

SUNBSpecialty — Goodwill

$1.11B+6.6%

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$3.49B+41.1%

Enterprise value$5.29B+19.0%

P/S0.9×+0.1×

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:Goodwill.

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 — goodwill?: Helmerich & Payne (HP) reported offshore solutions — goodwill of $138.14M in Q1 2026.
How has Helmerich & Payne's offshore solutions — goodwill changed year-over-year?: Helmerich & Payne's offshore solutions — goodwill increased by 13.3% year-over-year, from $121.91M to $138.14M.
What does offshore solutions — goodwill mean?: The intangible asset value representing the premium paid over the fair market value of net assets during the acquisition of offshore-related businesses. It serves as an indicator of past inorganic growth strategies and is subject to periodic impairment testing based on segment performance.