Helmerich & Payne (HP) Asset Writedowns and Impairment (2009 - 2026)
Helmerich & Payne (HP) posted quarterly Asset Writedowns and Impairment of $26.1 million for Q1 2026, up 1315.46% year-over-year from $1.8 million in Q1 2025, and down 74.68% quarter-over-quarter from $103.1 million in Q4 2025.
Helmerich & Payne (HP) Asset Writedowns and Impairment (2009 - 2026) Analysis & Trends
Helmerich & Payne (HP) has reported Asset Writedowns and Impairment for 16 consecutive years, with $26.1 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Asset Writedowns and Impairment rose 1315.46% year-over-year to $26.1 million; the TTM figure through Mar 2026 stood at $321.4 million (up 17328.04% YoY), while the FY2025 annual figure was $194.0 million, changed N/A from the prior year.
- Asset Writedowns and Impairment eased to $26.1 million in Q1 2026 per HP's latest filing, from $103.1 million in the prior quarter.
- Across five years, Asset Writedowns and Impairment topped out at $173.3 million in Q2 2025 and bottomed at $1.8 million in Q1 2025.
- Historically, Asset Writedowns and Impairment has averaged $48.8 million across 3 years, with a median of $18.9 million in 2025.
- Annual changes were most pronounced in 2022 — Asset Writedowns and Impairment slumped 58.44% — and 2026, when it jumped 1315.46%.
- Helmerich & Payne's Asset Writedowns and Impairment stood at $12.1 million in 2022, then surged by 752.16% to $103.1 million in 2025, then sank by 74.68% to $26.1 million in 2026.
- Business Quant data shows HP's Asset Writedowns and Impairment at $26.1 million in Q1 2026, $103.1 million in Q4 2025, and $18.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Noble | 7.43 Bn | 6.98 Bn | 273.38 Mn |
| 2 | Transocean | 6.68 Bn | 5.88 Bn | 358.00 Mn |
| 3 | Patterson Uti Energy | 4.70 Bn | 4.50 Bn | 597.25 Mn |
| 4 | Helmerich & Payne | 4.37 Bn | 4.13 Bn | 349.94 Mn |
| 5 | Seadrill | 2.95 Bn | 2.59 Bn | 234.00 Mn |
| 6 | Borr Drilling | 1.39 Bn | 1.17 Bn | - |
| 7 | Nabors Industries | 1.32 Bn | 807.28 Mn | 309.38 Mn |
| 8 | Precision Drilling | 1.18 Bn | 1.14 Bn | 89.29 Mn |
| 9 | Valaris | 827.45 Mn | 286.25 Mn | 123.70 Mn |
| 10 | Sable Offshore | 774.26 Mn | 752.66 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.15 Mn |
| Jun 30, 2026 | 1.15 Mn |
| Mar 31, 2026 | 26.10 Mn |
| Mar 31, 2026 | 26.10 Mn |
| Dec 31, 2025 | 103.09 Mn |
| Dec 31, 2025 | 103.09 Mn |
| Sep 30, 2025 | 18.93 Mn |
| Sep 30, 2025 | 18.93 Mn |
| Jun 30, 2025 | 173.26 Mn |
| Jun 30, 2025 | 173.26 Mn |
| Mar 31, 2025 | 1.84 Mn |
| Mar 31, 2025 | 1.84 Mn |
| Dec 31, 2022 | 12.10 Mn |
| Dec 31, 2022 | 12.10 Mn |
| Sep 30, 2022 | 6.00 Mn |
| Sep 30, 2022 | 6.00 Mn |
| Dec 31, 2021 | 4.36 Mn |
| Dec 31, 2021 | 4.36 Mn |
| Sep 30, 2021 | 14.44 Mn |
| Sep 30, 2021 | 14.44 Mn |