What is Helmerich & Payne's net debt?

Helmerich & Payne (HP) reported net debt of $1.8B in Q1 2026.

How has Helmerich & Payne's net debt changed year-over-year?

Helmerich & Payne's net debt decreased by 9.9% year-over-year, from $2B to $1.8B.

What is the long-term trend for Helmerich & Payne's net debt?

Over 5 years (2020 to 2025), Helmerich & Payne's net debt has grown at a 180.6% compound annual growth rate (CAGR), from -$10.77M to $1.87B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Helmerich & Payne HP Net debt

Discontinued — last reported Q2 '26

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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

See full

Return on equity-13.2%-20.7pp

Debt / equity0.8×0.0×

Current ratio1.7×0.0×

Where this comes from

Calculated from Helmerich & Payne’s reported figures.

$2.0Btotal debt−$204.0Mcash and equivalents=$1.8B

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 net debt?: Helmerich & Payne (HP) reported net debt of $1.8B in Q1 2026.
How has Helmerich & Payne's net debt changed year-over-year?: Helmerich & Payne's net debt decreased by 9.9% year-over-year, from $2B to $1.8B.
What is the long-term trend for Helmerich & Payne's net debt?: Over 5 years (2020 to 2025), Helmerich & Payne's net debt has grown at a 180.6% compound annual growth rate (CAGR), from -$10.77M to $1.87B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.