What is Helmerich & Payne's offshore solutions — SG&A?

Helmerich & Payne (HP) reported offshore solutions — SG&A of $2.65M in Q1 2026.

How has Helmerich & Payne's offshore solutions — SG&A changed year-over-year?

Helmerich & Payne's offshore solutions — SG&A increased by 175.3% year-over-year, from $964K to $2.65M.

What does offshore solutions — SG&A mean?

Covers the overhead costs associated with managing the offshore segment, including executive compensation, legal, marketing, and administrative support. It measures the efficiency of the segment's management structure relative to its scale of operations.

Helmerich & Payne HP Offshore Solutions — SG&A

Other segment segments

North America Solutions

$13.4M-13.5%

Similar metrics at other companies

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$10.07M+9.3%

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$4.43M+3.7%

SWKTools & Outdoor — SG&A

$734.2M+4.7%

EQTUpstream — SG&A

$55.05M+13.1%

DELLClient Solutions Group — Selling, general, and administrative

$1.04B+6.2%

OSCRSG&A

$706.23M+46.3%

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:SellingGeneralAndAdministrativeExpense.

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 — SG&A?: Helmerich & Payne (HP) reported offshore solutions — SG&A of $2.65M in Q1 2026.
How has Helmerich & Payne's offshore solutions — SG&A changed year-over-year?: Helmerich & Payne's offshore solutions — SG&A increased by 175.3% year-over-year, from $964K to $2.65M.
What does offshore solutions — SG&A mean?: Covers the overhead costs associated with managing the offshore segment, including executive compensation, legal, marketing, and administrative support. It measures the efficiency of the segment's management structure relative to its scale of operations.