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Helmerich & Payne (HP) Depreciation and Depletion (2009 - 2026)

Helmerich & Payne (HP) reported Depreciation and Depletion of $162.3 million for Q1 2026, up 10.18% year-over-year from $147.3 million in Q1 2025, and little changed on a QoQ basis from $162.5 million in Q4 2025.

Helmerich & Payne (HP) has 13 years of Depreciation and Depletion data on file, last reported at $162.3 million in Q1 2026.

  • Quarterly Depreciation and Depletion rose 10.18% year-over-year to $162.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $655.0 million (up 48.9% YoY) and the FY2025 annual result came in at $574.5 million, up 46.97% from the prior year.
  • Depreciation and Depletion was little changed at $162.3 million in Q1 2026 per HP's latest filing, from $162.5 million in the prior quarter.
  • Across five years, Depreciation and Depletion topped out at $169.4 million in Q3 2025 and bottomed at $92.4 million in Q4 2023.
  • The 5-year median for Depreciation and Depletion is $99.4 million (2024), against an average of $115.7 million.
  • The widest annual swing landed in 2023, when Depreciation and Depletion retreated 9.27%; it then jumped 70.42% in 2025.
  • Tracing HP's Depreciation and Depletion over 5 years: stood at $94.9 million in 2022, then declined by 2.63% to $92.4 million in 2023, then rose by 4.98% to $97.0 million in 2024, then jumped by 67.53% to $162.5 million in 2025, then slipped by 0.12% to $162.3 million in 2026.
  • Per Business Quant, the three latest HP Depreciation and Depletion figures stand at $162.3 million (Q1 2026), $162.5 million (Q4 2025), and $169.4 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Depreciation and Depletion (Qtr)
1 Precision Drilling 157.47 Bn 157.41 Bn 120.82 Mn -
2 Noble 8.34 Bn 7.67 Bn 755.58 Mn -
3 Transocean 7.55 Bn 6.94 Bn 475.00 Mn -
4 Patterson Uti Energy 4.63 Bn 4.30 Bn 535.85 Mn 1.27 Mn
5 Helmerich & Payne 3.96 Bn 3.86 Bn 907.56 Mn 162.30 Mn
6 Seadrill 3.20 Bn 2.87 Bn 177.00 Mn -
7 Sable Offshore 2.10 Bn 2.05 Bn -66.76 Mn -
8 Nabors Industries 1.49 Bn 1.37 Bn 290.08 Mn -
9 Borr Drilling 1.48 Bn 1.10 Bn - 37.80 Mn

Historic Data

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DateValue
Mar 31, 2026 162.30 Mn
Mar 31, 2026 162.30 Mn
Dec 31, 2025 162.50 Mn
Dec 31, 2025 162.50 Mn
Sep 30, 2025 169.40 Mn
Sep 30, 2025 169.40 Mn
Jun 30, 2025 160.80 Mn
Jun 30, 2025 160.80 Mn
Mar 31, 2025 147.30 Mn
Mar 31, 2025 147.30 Mn
Dec 31, 2024 97.00 Mn
Dec 31, 2024 97.00 Mn
Sep 30, 2024 99.40 Mn
Sep 30, 2024 99.40 Mn
Jun 30, 2024 96.20 Mn
Jun 30, 2024 96.20 Mn
Mar 31, 2024 102.90 Mn
Mar 31, 2024 102.90 Mn
Dec 31, 2023 92.40 Mn
Dec 31, 2023 92.40 Mn
Sep 30, 2023 93.00 Mn
Sep 30, 2023 93.00 Mn
Jun 30, 2023 93.20 Mn
Jun 30, 2023 93.20 Mn
Mar 31, 2023 94.60 Mn
Mar 31, 2023 94.60 Mn
Dec 31, 2022 94.90 Mn
Dec 31, 2022 94.90 Mn
Sep 30, 2022 102.50 Mn
Sep 30, 2022 102.50 Mn
Jun 30, 2022 97.50 Mn
Jun 30, 2022 97.50 Mn
Mar 31, 2022 101.10 Mn
Mar 31, 2022 101.10 Mn
Dec 31, 2021 98.60 Mn
Dec 31, 2021 98.60 Mn
Sep 30, 2021 100.10 Mn
Sep 30, 2021 100.10 Mn
Jun 30, 2021 102.70 Mn
Jun 30, 2021 102.70 Mn
Mar 31, 2021 104.60 Mn
Mar 31, 2021 104.60 Mn
Dec 31, 2020 105.10 Mn
Dec 31, 2020 105.10 Mn
Sep 30, 2020 107.90 Mn
Sep 30, 2020 107.90 Mn
Jun 30, 2020 108.40 Mn
Jun 30, 2020 108.40 Mn
Mar 31, 2020 130.20 Mn
Mar 31, 2020 130.20 Mn
Dec 31, 2019 128.20 Mn
Dec 31, 2019 128.20 Mn
Sep 30, 2019 133.20 Mn
Sep 30, 2019 133.20 Mn
Jun 30, 2019 141.90 Mn
Jun 30, 2019 141.90 Mn
Mar 31, 2019 141.70 Mn
Mar 31, 2019 141.70 Mn
Dec 31, 2018 140.00 Mn
Dec 31, 2018 140.00 Mn
Sep 30, 2018 148.40 Mn
Sep 30, 2018 148.40 Mn
Jun 30, 2018 143.10 Mn
Jun 30, 2018 143.10 Mn
Mar 31, 2018 144.00 Mn
Mar 31, 2018 144.00 Mn
Sep 30, 2017 152.73 Mn
Sep 30, 2017 152.73 Mn
Jun 30, 2017 145.04 Mn
Jun 30, 2017 145.04 Mn
Mar 31, 2017 152.78 Mn
Mar 31, 2017 152.78 Mn
Jun 30, 2016 138.69 Mn
Jun 30, 2016 138.69 Mn
Mar 31, 2016 141.52 Mn
Mar 31, 2016 141.52 Mn
Mar 31, 2010 65.80 Mn
Mar 31, 2010 65.80 Mn
Dec 31, 2009 62.80 Mn
Dec 31, 2009 62.80 Mn
Sep 30, 2009 63.51 Mn
Sep 30, 2009 63.51 Mn
Jun 30, 2009 61.04 Mn
Jun 30, 2009 61.04 Mn
Mar 31, 2009 57.11 Mn
Mar 31, 2009 57.11 Mn