Helmerich & Payne (HP) Free Cash Flow (2009 - 2026)
Helmerich & Payne (HP) posted quarterly Free Cash Flow of $38.6 million for Q1 2026, down 73.48% year-over-year from $145.6 million in Q1 2025, and down 79.22% quarter-over-quarter from $185.8 million in Q4 2025.
Helmerich & Payne (HP) Free Cash Flow (2009 - 2026) Analysis & Trends
Helmerich & Payne (HP) has reported Free Cash Flow for 18 consecutive years, with $38.6 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Free Cash Flow fell 73.48% year-over-year to $38.6 million; the TTM figure through Mar 2026 stood at $143.5 million (down 74.01% YoY), while the FY2025 annual figure was $116.6 million, down 82.44% from the prior year.
- Free Cash Flow fell to $38.6 million in Q1 2026 per HP's latest filing, from $185.8 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $470.8 million in Q2 2023 and bottomed at -$223.7 million in Q2 2025.
- Historically, Free Cash Flow has averaged $101.6 million across 5 years, with a median of $135.5 million in 2024.
- Annual changes were most pronounced in 2022 — Free Cash Flow jumped 765.02% — and 2023, when it tumbled 250.28%.
- Helmerich & Payne's Free Cash Flow stood at $183.6 million in 2022, then decreased by 5.44% to $173.6 million in 2023, then plunged by 70.13% to $51.9 million in 2024, then jumped by 258.21% to $185.8 million in 2025, then tumbled by 79.22% to $38.6 million in 2026.
- Business Quant data shows HP's Free Cash Flow at $38.6 million in Q1 2026, $185.8 million in Q4 2025, and $142.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.43 Bn | 6.98 Bn | 273.38 Mn | -60.37 Mn |
| 2 | Transocean | 6.68 Bn | 5.88 Bn | 358.00 Mn | 212.00 Mn |
| 3 | Patterson Uti Energy | 4.70 Bn | 4.50 Bn | 597.25 Mn | -99.84 Mn |
| 4 | Helmerich & Payne | 4.37 Bn | 4.13 Bn | 349.94 Mn | 83.90 Mn |
| 5 | Seadrill | 2.95 Bn | 2.59 Bn | 234.00 Mn | -43.00 Mn |
| 6 | Borr Drilling | 1.39 Bn | 1.17 Bn | - | -30.10 Mn |
| 7 | Nabors Industries | 1.32 Bn | 807.28 Mn | 309.38 Mn | 9.63 Mn |
| 8 | Precision Drilling | 1.18 Bn | 1.14 Bn | 89.29 Mn | 160.44 Mn |
| 9 | Valaris | 827.45 Mn | 286.25 Mn | 123.70 Mn | -92.40 Mn |
| 10 | Sable Offshore | 774.26 Mn | 752.66 Mn | - | -22.09 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 83.90 Mn |
| Jun 30, 2026 | 83.90 Mn |
| Mar 31, 2026 | 38.62 Mn |
| Mar 31, 2026 | 38.62 Mn |
| Dec 31, 2025 | 185.81 Mn |
| Dec 31, 2025 | 185.81 Mn |
| Sep 30, 2025 | 142.81 Mn |
| Sep 30, 2025 | 142.81 Mn |
| Jun 30, 2025 | -223.70 Mn |
| Jun 30, 2025 | -223.70 Mn |
| Mar 31, 2025 | 145.60 Mn |
| Mar 31, 2025 | 145.60 Mn |
| Dec 31, 2024 | 51.87 Mn |
| Dec 31, 2024 | 51.87 Mn |
| Sep 30, 2024 | 168.18 Mn |
| Sep 30, 2024 | 168.18 Mn |
| Jun 30, 2024 | 186.59 Mn |
| Jun 30, 2024 | 186.59 Mn |
| Mar 31, 2024 | 135.50 Mn |
| Mar 31, 2024 | 135.50 Mn |