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Helmerich & Payne HP Operating Income

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Segments

By segment

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North America Solutions$140.31M-11.0%
Offshore Solutions$16.8M+91.6%

Other financials

Income statement

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Revenue$1.0B-0.6%
Gross profit$349.9M+3.9%
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:OperatingIncomeLoss.

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
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
846,6451,169,1932,892,8642,729,485
OPERATING INCOME (LOSS)188,211(128,269)91,3804,780
Other income (expense)
Interest and dividend income2,2802,8567,19331,854
Interest expense(24,439)(29,200)(75,860)(79,836)
Gain (loss) on investment securities(16,007)(337)(687)14,084

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Helmerich & Payne's operating income?
Helmerich & Payne (HP) reported operating income of $188.21M in Q2 2026.
How has Helmerich & Payne's operating income changed year-over-year?
Helmerich & Payne's operating income increased by 246.7% year-over-year, from -$128.27M to $188.21M.
What is the long-term trend for Helmerich & Payne's operating income?
Over 3 years (2021 to 2024), Helmerich & Payne's operating income has grown at a 2.1% compound annual growth rate (CAGR), from -$428.55M to $455.68M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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