For Q2 FY2026 ended March 31, 2026, Helmerich & Payne reported revenue of $932.4 million, down 8.2% year-over-year. Net loss was $58.6 million, compared to a small profit a year ago, and operating income turned negative at -$36.9 million. Diluted EPS was -$0.59. The company held $177.2 million in cash and $2.0 billion in long-term debt.
•Revenue fell 8.2% YoY to $932.4 million.
•Net loss of $58.6 million vs. profit in prior year.
•Operating loss of $36.9 million; diluted EPS of -$0.59.
Helmerich & Payne drills solutions and technologies for oil and gas exploration and production companies. Its operations are structured into North America Solutions, Offshore Solutions, and International Solutions segments.
The North America Solutions segment conducts operations primarily in Texas. The Offshore Solutions segment has drilling operations in Louisiana and in U.S. federal waters the North Sea and Norwegian Sea off the coast of Norway, Caspian Sea and international waters.
The International Solutions segment conducts drilling operations in Saudi Arabia, Argentina, Bahrain, Oman, Germany, and Kuwait. The company focuses on developing, promoting, and commercializing technologies designed to enhance the drilling operations, as well as wellbore quality and placement.
It also owns and operates commercial real estate properties. Additionally, it's real estate investments include a shopping center. Founded in 1920, Helmerich & Payne is headquartered in Tulsa, Oklahoma.
Helmerich & Payne, Inc. (ticker: HP) provides drilling solutions and technologies for oil and gas exploration and production companies. Its operations are structured into three segments: North America Solutions, Offshore Solutions, and International Solutions. The North America Solutions segment operates primarily in Texas. The Offshore Solutions segment conducts drilling operations in Louisiana, U.S. federal waters, the North Sea and Norwegian Sea off Norway, the Caspian Sea, and other international waters. The International Solutions segment operates in Saudi Arabia, Argentina, Bahrain, Oman, Germany, and Kuwait. The company focuses on developing and commercializing technologies that enhance drilling operations, wellbore quality, and placement. Additionally, HP owns and operates commercial real estate properties, including a shopping center.
Where is Helmerich & Payne (HP) listed and what currency does it use?
Helmerich & Payne, Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol HP. Its financials are reported in US Dollars (USD), as the company is headquartered in the United States. Being listed on the NYSE provides investors with access to one of the world's largest and most liquid stock exchanges. The use of USD aligns with its primary operations in the U.S. and its reporting standards. Investors trading HP shares on the NYSE will transact in USD, which is the official currency of the United States and widely used in global financial markets.
What sector and industry does Helmerich & Payne (HP) belong to?
Helmerich & Payne, Inc. operates in the Energy sector and is specifically classified under the Oil & Gas Drilling industry. This means the company is primarily involved in the drilling of oil and gas wells, providing essential services to exploration and production companies. As an oil and gas drilling contractor, HP's activities are closely tied to the energy industry's cycles, including oil and gas prices and exploration spending. The company's expertise in drilling technologies and solutions positions it as a key player in the upstream segment of the energy value chain. Its operations span both onshore and offshore environments, serving clients in various regions around the world.
Where is Helmerich & Payne (HP) headquartered and what are its main geographic markets?
Helmerich & Payne, Inc. is headquartered in Tulsa, Oklahoma, United States. The company was founded in 1920 and has a long history in the oil and gas drilling industry. Its geographic markets are extensive: the North America Solutions segment operates primarily in Texas; the Offshore Solutions segment has drilling operations in Louisiana, U.S. federal waters, the North Sea and Norwegian Sea off Norway, the Caspian Sea, and other international waters; and the International Solutions segment conducts drilling operations in Saudi Arabia, Argentina, Bahrain, Oman, Germany, and Kuwait. This global footprint allows HP to serve a diverse range of clients across multiple continents, including North America, Europe, the Middle East, and South America.
How does Helmerich & Payne (HP) generate revenue?
Helmerich & Payne generates revenue primarily through its drilling services and technologies provided to oil and gas exploration and production companies. The company operates through three segments: North America Solutions, Offshore Solutions, and International Solutions. Each segment provides contract drilling services, with revenue derived from dayrates and other fees for drilling rigs and related services. Additionally, HP focuses on developing and commercializing technologies that enhance drilling operations, wellbore quality, and placement, which may generate licensing or service fees. The company also owns and operates commercial real estate properties, including a shopping center, which provides rental income. This diversified revenue stream combines core drilling operations with technology and real estate investments.