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Helmerich & Payne HP Impairment Charges

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Segments

By segment

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North America Solutions$0
Offshore Solutions$0

Other financials

Income statement

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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

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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

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Operating cash flow$153.7M+26.4%
CapEx$69.8M-28.1%
Free cash flow$83.9M+241%

Valuation

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Market cap$3.7B+141%
Enterprise value$5.33B+46.1%
P/S0.9×+0.5×

Profitability

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Gross margin31.8%-3.3pp
Operating margin3.3%-13.2pp
Net margin-3.4%-5.3pp
FCF margin4.4%-3.0pp

Returns & leverage

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Return on equity-4.9%-6.9pp
Debt / equity0.7×-0.1×
Current ratio+0.1×

Where this comes from

Reported directly by Helmerich & Payne in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

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
HELMERICH & PAYNE, INC. / UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS / (in thousands, except per share amounts)UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS / Three Months Ended June 30, 2026UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS / Three Months Ended June 30, 2025UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS / Nine Months Ended June 30, 2026UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS / Nine Months Ended June 30, 2025
Research and development5,9097,77719,57126,558
Selling, general and administrative65,84965,506207,373209,407
Acquisition transaction and integration costs1,6718,6237,81449,025
Asset impairment charges1,153173,258130,340175,102
Restructuring charges1,3624,6815,8354,681
Gain on involuntary conversion(13,581)(13,581)
Gain on reimbursement of drilling equipment(6,036)(6,773)(18,099)(26,149)
Other (gain) loss on sale of assets(120,044)1,347(119,423)2,136

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Helmerich & Payne's impairment charges?
Helmerich & Payne (HP) reported impairment charges of $1.15M in Q2 2026.
How has Helmerich & Payne's impairment charges changed year-over-year?
Helmerich & Payne's impairment charges decreased by 99.3% year-over-year, from $173.26M to $1.15M.
What is the long-term trend for Helmerich & Payne's impairment charges?
Over 4 years (2021 to 2025), Helmerich & Payne's impairment charges has grown at a 28.6% compound annual growth rate (CAGR), from $70.85M to $194.03M.
What does impairment charges mean?
Write-downs of long-lived assets (excluding goodwill) when their carrying value exceeds fair value, including property, equipment, right-of-use assets, and other tangible assets.

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