Every 10-Q that Helmerich (HP) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow HP and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HP filings page.
Helmerich & Payne, Inc., a performance-driven drilling solutions company, reported strong quarterly results for the three months ended June 30, 2026. Operating revenues were $1,034,856 (in thousands), and net income attributable to Helmerich & Payne, Inc. was $75,682 (in thousands), or $0.74 per basic and diluted share, compared with a loss a year earlier. Results benefited from much lower asset impairment charges and a $114.8 million gain on the sale of the Utica Square shopping center, a $13.6 million gain from an insurance settlement related to a Texas rig fire, and ongoing gains from reimbursement of drilling equipment.
For the nine months ended June 30, 2026, operating revenues were $2,984,244 (in thousands), but the company recorded a net loss attributable to Helmerich & Payne, Inc. of $79,633 (in thousands), driven by $130,340 (in thousands) of non-cash asset impairment charges, higher amortization of intangible assets, and income tax expense of $92,861 (in thousands). Cash generation remained solid, with $372,678 (in thousands) provided by operating activities and capital expenditures of $200,198 (in thousands). The company fully repaid its $200.0 million unsecured term loan, ending the period with total debt face value of $1,877,735 (in thousands), shareholders’ equity of $2,670,409 (in thousands), and access to an undrawn $950.0 million revolving credit facility. Contracted drilling backlog was approximately $6.1 billion, providing multi-year revenue visibility, while about 42.7 percent of operating revenues came from international markets, including significant exposure to the Middle East.
Helmerich & Payne’s quarter ended March 31, 2026 showed lower revenue and a swing to loss amid sizable non‑cash charges. Operating revenues were $932.4 million versus $1,016.0 million a year earlier, while the company reported a net loss attributable to Helmerich & Payne of $58.6 million, or $0.59 per diluted share, compared with net income of $1.7 million last year.
For the first six months, revenue rose to $1.95 billion from $1.69 billion, but the company posted a net loss of $155.3 million versus prior‑year income of $56.4 million, largely driven by $129.2 million in asset impairment charges related to scrapping and selling rigs and certain intangibles.
Despite the loss, operations generated $219.0 million of net cash from operating activities in the first half. Total debt declined to $2.02 billion, with a $140.0 million term loan balance reclassified as current and fully repaid in April 2026. Contract backlog was approximately $5.4 billion, with about $1.1 billion expected to be recognized over the remainder of fiscal 2026. International operations provided 41.2 percent of operating revenues, including 16.7 percent from the Middle East, where one Saudi Arabian customer represented 7.0 percent of total revenue and has suspended a portion of its rigs.
Helmerich & Payne reported a sharp swing to loss for the quarter ended December 31, 2025. Operating revenues rose to $1.02 billion from $677.3 million a year earlier, driven by much higher international and offshore activity after the KCA Deutag acquisition.
Despite this growth, the company posted a net loss attributable to Helmerich & Payne of $96.7 million, versus net income of $54.8 million last year, or diluted earnings per share of $(0.98) compared with $0.54. Results were hit by $103.1 million in asset impairment charges, largely from scrapping 33 rigs and writing down certain technology assets.
Cash generation remained solid, with net cash from operating activities of $182.4 million, up from $158.4 million. Capital expenditures were $67.6 million, and total debt stood at about $2.05 billion, mainly unsecured senior notes and an unsecured term loan. Firm contract backlog was approximately $4.8 billion, providing multi‑year revenue visibility.