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

Helmerich & Payne's offshore solutions — operating revenues increased by 15.0% year-over-year, from $149.08M to $171.38M.

What does offshore solutions — operating revenues mean?

The total gross income generated from offshore drilling services and related activities within the segment. It is a primary indicator of market demand, contract utilization rates, and the company's competitive positioning in the offshore energy sector.

Helmerich & Payne HP Offshore Solutions — Operating revenues

Other segment segments

North America Solutions

$517.25M-13.7%

Similar metrics at other companies

NEOil and Gas Service — Operating revenues

$742.55M-10.8%

OIIOffshore Projects Group — Revenue

$135.38M-17.9%

NEOther — Operating revenues

$70.08M+67.6%

NOVOffshore Destination — Revenue

$1.03B+8.9%

NEService, Other — Operating revenues

$43.14M+2.6%

NEReportable Segment — Operating revenues

$821.39M+7.4%

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:Revenues.

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 — operating revenues?: Helmerich & Payne (HP) reported offshore solutions — operating revenues of $171.38M in Q1 2026.
How has Helmerich & Payne's offshore solutions — operating revenues changed year-over-year?: Helmerich & Payne's offshore solutions — operating revenues increased by 15.0% year-over-year, from $149.08M to $171.38M.
What does offshore solutions — operating revenues mean?: The total gross income generated from offshore drilling services and related activities within the segment. It is a primary indicator of market demand, contract utilization rates, and the company's competitive positioning in the offshore energy sector.