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Helmerich & Payne HP Offshore Solutions — Restructuring Charges
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Where this comes from
Reported directly by Helmerich & Payne in its filing.
Tagged under the XBRL concept us-gaap:RestructuringCharges.
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 |
|---|---|---|---|---|
| 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 |
| Segment operating income (loss) | 140,312 | (54,428) | 16,800 | 102,684 |
| Reconciliation of segment operating income (loss): | ||||
| All other operating income | 1,344 | |||
| Elimination of intersegment income | 1,528 |
ITEM 1. FINANCIAL STATEMENTS
FAQ
- What is Helmerich & Payne's offshore solutions — restructuring charges?
- Helmerich & Payne (HP) reported offshore solutions — restructuring charges of $58K in Q2 2026.
- What does offshore solutions — restructuring charges mean?
- Represents costs incurred to reorganize, consolidate, or downsize operations within the Offshore Solutions segment. These charges typically include severance payments, facility closure costs, and other expenses related to strategic shifts in business structure. Monitoring these costs helps investors assess the impact of operational efficiency initiatives on segment profitability.
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