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.

Helmerich & Payne HP Offshore Solutions — Restructuring Charges

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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$3.56B+41.1%

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:RestructuringCharges.

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 — restructuring charges?: Helmerich & Payne (HP) reported offshore solutions — restructuring charges of $0 in Q1 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.