What is Helmerich & Payne's offshore solutions — R&D?

Helmerich & Payne (HP) reported offshore solutions — R&D of $0 in Q2 2026.

What does offshore solutions — R&D mean?

Expenditures dedicated to the innovation, design, and improvement of offshore drilling technologies and operational processes. This metric indicates the company's commitment to maintaining a technological edge and improving safety or efficiency in offshore environments.

Helmerich & Payne (HP) Offshore Solutions — R&D

Screener

Other segment segments

North America Solutions

$6.02M-21.0%

Similar metrics at other companies

JBTMProtein Solutions — R&D

$11M-47.6%

ITRIDevice Solutions — R&D

$4.21M-6.6%

ITRINetworked Solutions — R&D

$25.91M-9.9%

ITRIResiliency Solutions — R&D

$4.81M+1,250%

DELLClient Solutions Group — R&D

$192M+41.2%

DELLInfrastructure Solutions Group — R&D

$685M+19.3%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$153.7M+26.4%

CapEx$69.8M-28.1%

Free cash flow$83.9M+241%

Valuation

See full

Market cap$3.7B+141%

Enterprise value$5.33B+46.1%

P/S0.9×+0.5×

Profitability

See full

Gross margin31.8%-3.3pp

Operating margin3.3%-13.2pp

Net margin-3.4%-5.3pp

FCF margin4.4%-3.0pp

Returns & leverage

See full

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:ResearchAndDevelopmentExpense.

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 Solutions	International Solutions	Offshore Solutions	Total
Less1:
Direct operating expenses	321,686	219,064	145,191	685,941
Depreciation & amortization	83,214	74,547	11,023	168,784
Research and development	6,015	—	—	6,015
Selling, general and administrative costs	11,282	9,097	1,337	21,716
Acquisition transaction and integration costs	—	186	—	186
Asset impairment charge	—	1,153	—	1,153
Restructuring charges	393	498	58	949

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Helmerich & Payne's offshore solutions — R&D?: Helmerich & Payne (HP) reported offshore solutions — R&D of $0 in Q2 2026.
What does offshore solutions — R&D mean?: Expenditures dedicated to the innovation, design, and improvement of offshore drilling technologies and operational processes. This metric indicates the company's commitment to maintaining a technological edge and improving safety or efficiency in offshore environments.