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Helmerich & Payne HP Offshore Solutions — Operating Income (Loss)

Other segment segments

North America Solutions
$140.31M-11.0%

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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 ratio2×+0.1×

Where this comes from

Reported directly by Helmerich & Payne in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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
Acquisition transaction and integration costs—186—186
Asset impairment charge—1,153—1,153
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
Segment operating income105,556

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Helmerich & Payne's offshore solutions — operating income (loss)?
Helmerich & Payne (HP) reported offshore solutions — operating income (loss) of $16.8M in Q2 2026.
How has Helmerich & Payne's offshore solutions — operating income (loss) changed year-over-year?
Helmerich & Payne's offshore solutions — operating income (loss) increased by 91.6% year-over-year, from $8.77M to $16.8M.
What does offshore solutions — operating income (loss) mean?
Measures the profitability of the Offshore Solutions segment by subtracting direct operating expenses, depreciation, and administrative costs from segment revenues. It serves as a primary indicator of the segment's core operational performance and its ability to generate earnings from offshore drilling activities. This metric is essential for evaluating the segment's contribution to overall corporate financial health.

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