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Helmerich & Payne HP Gain on reimbursement of drilling equipment

Gain on reimbursement of drilling equipment at other companies

Patterson-UTI Energy logo
Patterson-UTI EnergyPTEN
$44.3M-41.9%
Murphy Oil logo
Murphy OilMUR
$1.2M-50.9%
Patterson-UTI Energy logo
Patterson-UTI EnergyPTEN
$351.72M-14.8%
Patterson-UTI Energy logo
Patterson-UTI EnergyPTEN
$5.1M-24.1%
Atlas Energy Solutions logo
Atlas Energy SolutionsAESI
-$3.33M
Patterson-UTI Energy logo
Patterson-UTI EnergyPTEN
$79.8M-6.8%

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 hp:GainLossOnReimbursementOfDrillingEquipment.

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 gain on reimbursement of drilling equipment?
Helmerich & Payne (HP) reported gain on reimbursement of drilling equipment of $5.94M in Q1 2026.
How has Helmerich & Payne's gain on reimbursement of drilling equipment changed year-over-year?
Helmerich & Payne's gain on reimbursement of drilling equipment decreased by 40.4% year-over-year, from $9.97M to $5.94M.
What is the long-term trend for Helmerich & Payne's gain on reimbursement of drilling equipment?
Over 4 years (2021 to 2025), Helmerich & Payne's gain on reimbursement of drilling equipment has grown at a 28.3% compound annual growth rate (CAGR), from $12.32M to $33.4M.
What does gain on reimbursement of drilling equipment mean?
Represents non-operating gains or losses recognized when the company is reimbursed for costs associated with drilling equipment. This metric reflects recoveries from third parties or clients for equipment-related expenditures, impacting net income without representing core drilling service revenue. It is a key indicator of cost recovery efficiency in capital-intensive operations.