Helmerich & Payne (HP) Capital Expenditures (2009 - 2026)
Helmerich & Payne (HP) reported Capital Expenditures of $62.9 million for Q1 2026, down 60.4% year-over-year from $158.7 million in Q1 2025, and down 6.96% on a QoQ basis from $67.6 million in Q4 2025.
Helmerich & Payne (HP) has 18 years of Capital Expenditures data on file, last reported at $62.9 million in Q1 2026.
- Quarterly Capital Expenditures fell 60.4% year-over-year to $62.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $291.6 million (down 42.33% YoY) and the FY2025 annual result came in at $426.4 million, down 13.88% from the prior year.
- Capital Expenditures declined to $62.9 million in Q1 2026 per HP's latest filing, from $67.6 million in the prior quarter.
- Across five years, Capital Expenditures topped out at $158.7 million in Q1 2025 and bottomed at $60.5 million in Q1 2022.
- The 5-year median for Capital Expenditures is $97.0 million (2025), against an average of $97.3 million.
- The widest annual swing landed in 2022, when Capital Expenditures soared 282.44%; it then plunged 60.4% in 2026.
- Tracing HP's Capital Expenditures over 5 years: stood at $96.0 million in 2022, then surged by 42.05% to $136.4 million in 2023, then dropped by 21.94% to $106.5 million in 2024, then tumbled by 36.55% to $67.6 million in 2025, then retreated by 6.96% to $62.9 million in 2026.
- Per Business Quant, the three latest HP Capital Expenditures figures stand at $62.9 million (Q1 2026), $67.6 million (Q4 2025), and $64.1 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 157.47 Bn | 157.41 Bn | 120.82 Mn | -47.40 Mn |
| 2 | Noble | 8.34 Bn | 7.67 Bn | 755.58 Mn | 103.85 Mn |
| 3 | Transocean | 7.55 Bn | 6.94 Bn | 475.00 Mn | 28.00 Mn |
| 4 | Patterson Uti Energy | 4.63 Bn | 4.30 Bn | 535.85 Mn | 116.63 Mn |
| 5 | Helmerich & Payne | 3.96 Bn | 3.86 Bn | 907.56 Mn | 62.86 Mn |
| 6 | Seadrill | 3.20 Bn | 2.87 Bn | 177.00 Mn | 13.00 Mn |
| 7 | Sable Offshore | 2.10 Bn | 2.05 Bn | -66.76 Mn | 21.05 Mn |
| 8 | Nabors Industries | 1.49 Bn | 1.37 Bn | 290.08 Mn | 164.95 Mn |
| 9 | Borr Drilling | 1.48 Bn | 1.10 Bn | - | -200,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 62.86 Mn |
| Mar 31, 2026 | 62.86 Mn |
| Dec 31, 2025 | 67.57 Mn |
| Dec 31, 2025 | 67.57 Mn |
| Sep 30, 2025 | 64.14 Mn |
| Sep 30, 2025 | 64.14 Mn |
| Jun 30, 2025 | 97.00 Mn |
| Jun 30, 2025 | 97.00 Mn |
| Mar 31, 2025 | 158.75 Mn |
| Mar 31, 2025 | 158.75 Mn |
| Dec 31, 2024 | 106.49 Mn |
| Dec 31, 2024 | 106.49 Mn |
| Sep 30, 2024 | 105.98 Mn |
| Sep 30, 2024 | 105.98 Mn |
| Jun 30, 2024 | 134.38 Mn |
| Jun 30, 2024 | 134.38 Mn |
| Mar 31, 2024 | 118.30 Mn |
| Mar 31, 2024 | 118.30 Mn |
| Dec 31, 2023 | 136.41 Mn |
| Dec 31, 2023 | 136.41 Mn |
| Sep 30, 2023 | 113.67 Mn |
| Sep 30, 2023 | 113.67 Mn |
| Jun 30, 2023 | 100.31 Mn |
| Jun 30, 2023 | 100.31 Mn |
| Mar 31, 2023 | 85.45 Mn |
| Mar 31, 2023 | 85.45 Mn |
| Dec 31, 2022 | 96.03 Mn |
| Dec 31, 2022 | 96.03 Mn |
| Sep 30, 2022 | 75.94 Mn |
| Sep 30, 2022 | 75.94 Mn |
| Jun 30, 2022 | 70.48 Mn |
| Jun 30, 2022 | 70.48 Mn |
| Mar 31, 2022 | 60.47 Mn |
| Mar 31, 2022 | 60.47 Mn |
| Dec 31, 2021 | 44.01 Mn |
| Dec 31, 2021 | 44.01 Mn |
| Sep 30, 2021 | 32.98 Mn |
| Sep 30, 2021 | 32.98 Mn |
| Jun 30, 2021 | 18.43 Mn |
| Jun 30, 2021 | 18.43 Mn |
| Mar 31, 2021 | 16.76 Mn |
| Mar 31, 2021 | 16.76 Mn |
| Dec 31, 2020 | 13.99 Mn |
| Dec 31, 2020 | 13.99 Mn |
| Sep 30, 2020 | 19.84 Mn |
| Sep 30, 2020 | 19.84 Mn |
| Jun 30, 2020 | 26.65 Mn |
| Jun 30, 2020 | 26.65 Mn |
| Mar 31, 2020 | 48.29 Mn |
| Mar 31, 2020 | 48.29 Mn |
| Dec 31, 2019 | 46.02 Mn |
| Dec 31, 2019 | 46.02 Mn |
| Sep 30, 2019 | 54.83 Mn |
| Sep 30, 2019 | 54.83 Mn |
| Jun 30, 2019 | 73.59 Mn |
| Jun 30, 2019 | 73.59 Mn |
| Mar 31, 2019 | 133.89 Mn |
| Mar 31, 2019 | 133.89 Mn |
| Dec 31, 2018 | 196.09 Mn |
| Dec 31, 2018 | 196.09 Mn |
| Sep 30, 2018 | 143.93 Mn |
| Sep 30, 2018 | 143.93 Mn |
| Jun 30, 2018 | 131.46 Mn |
| Jun 30, 2018 | 131.46 Mn |
| Mar 31, 2018 | 99.50 Mn |
| Mar 31, 2018 | 99.50 Mn |
| Dec 31, 2017 | 91.70 Mn |
| Dec 31, 2017 | 91.70 Mn |
| Sep 30, 2017 | 97.29 Mn |
| Sep 30, 2017 | 97.29 Mn |
| Jun 30, 2017 | 124.97 Mn |
| Jun 30, 2017 | 124.97 Mn |
| Mar 31, 2017 | 93.18 Mn |
| Mar 31, 2017 | 93.18 Mn |
| Dec 31, 2016 | 82.13 Mn |
| Dec 31, 2016 | 82.13 Mn |
| Sep 30, 2016 | 37.62 Mn |
| Sep 30, 2016 | 37.62 Mn |
| Jun 30, 2016 | 39.07 Mn |
| Jun 30, 2016 | 39.07 Mn |
| Mar 31, 2016 | 66.01 Mn |
| Mar 31, 2016 | 66.01 Mn |
| Dec 31, 2015 | 114.47 Mn |
| Dec 31, 2015 | 114.47 Mn |
| Sep 30, 2015 | 159.84 Mn |
| Sep 30, 2015 | 159.84 Mn |
| Jun 30, 2015 | 205.57 Mn |
| Jun 30, 2015 | 205.57 Mn |
| Mar 31, 2015 | 396.05 Mn |
| Mar 31, 2015 | 396.05 Mn |
| Dec 31, 2014 | 369.98 Mn |
| Dec 31, 2014 | 369.98 Mn |
| Sep 30, 2014 | 329.51 Mn |
| Sep 30, 2014 | 329.51 Mn |
| Jun 30, 2014 | 265.28 Mn |
| Jun 30, 2014 | 265.28 Mn |
| Mar 31, 2014 | 216.11 Mn |
| Mar 31, 2014 | 216.11 Mn |
| Dec 31, 2013 | 140.64 Mn |
| Dec 31, 2013 | 140.64 Mn |
| Sep 30, 2013 | 190.52 Mn |
| Sep 30, 2013 | 190.52 Mn |
| Jun 30, 2013 | 180.08 Mn |
| Jun 30, 2013 | 180.08 Mn |
| Mar 31, 2013 | 219.03 Mn |
| Mar 31, 2013 | 219.03 Mn |
| Dec 31, 2012 | 219.44 Mn |
| Dec 31, 2012 | 219.44 Mn |
| Sep 30, 2012 | 323.44 Mn |
| Sep 30, 2012 | 323.44 Mn |
| Jun 30, 2012 | 281.54 Mn |
| Jun 30, 2012 | 281.54 Mn |
| Mar 31, 2012 | 235.76 Mn |
| Mar 31, 2012 | 235.76 Mn |
| Dec 31, 2011 | 256.94 Mn |
| Dec 31, 2011 | 256.94 Mn |
| Sep 30, 2011 | -432.19 Mn |
| Sep 30, 2011 | -432.19 Mn |
| Jun 30, 2011 | 207.53 Mn |
| Jun 30, 2011 | 207.53 Mn |
| Mar 31, 2011 | 170.03 Mn |
| Mar 31, 2011 | 170.03 Mn |
| Dec 31, 2010 | 116.22 Mn |
| Dec 31, 2010 | 116.22 Mn |
| Sep 30, 2010 | 109.37 Mn |
| Sep 30, 2010 | 109.37 Mn |
| Jun 30, 2010 | 77.88 Mn |
| Jun 30, 2010 | 77.88 Mn |
| Mar 31, 2010 | 77.53 Mn |
| Mar 31, 2010 | 77.53 Mn |
| Dec 31, 2009 | 64.79 Mn |
| Dec 31, 2009 | 64.79 Mn |
| Sep 30, 2009 | 142.33 Mn |
| Sep 30, 2009 | 142.33 Mn |
| Jun 30, 2009 | 208.62 Mn |
| Jun 30, 2009 | 208.62 Mn |
| Mar 31, 2009 | 275.50 Mn |
| Mar 31, 2009 | 275.50 Mn |