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Helmerich & Payne (HP) Leases (2019 - 2026)

Helmerich & Payne (HP) reported Leases of $111.8 million for Q1 2026, down 1.64% year-over-year from $113.7 million in Q1 2025, and down 4.68% on a QoQ basis from $117.3 million in Q4 2025.

Helmerich & Payne (HP) has 8 years of Leases data on file, last reported at $111.8 million in Q1 2026.

  • Quarterly Leases fell 1.64% year-over-year to $111.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $111.8 million (down 1.64% YoY) and the FY2025 annual result came in at $123.6 million, up 84.27% from the prior year.
  • Leases retreated to $111.8 million in Q1 2026 per HP's latest filing, from $117.3 million in the prior quarter.
  • Across five years, Leases topped out at $123.6 million in Q3 2025 and bottomed at $37.0 million in Q2 2023.
  • The 5-year median for Leases is $59.7 million (2024), against an average of $69.9 million.
  • The widest annual swing landed in 2022, when Leases decreased 23.68%; it then soared 109.74% in 2025.
  • Tracing HP's Leases over 5 years: stood at $38.5 million in 2022, then soared by 61.54% to $62.3 million in 2023, then advanced by 8.44% to $67.5 million in 2024, then jumped by 73.74% to $117.3 million in 2025, then dropped by 4.68% to $111.8 million in 2026.
  • Per Business Quant, the three latest HP Leases figures stand at $111.8 million (Q1 2026), $117.3 million (Q4 2025), and $123.6 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Leases (Qtr)
1 Precision Drilling 157.47 Bn 157.41 Bn 120.82 Mn 44.50 Mn
2 Noble 8.34 Bn 7.67 Bn 755.58 Mn 45.01 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 37.98 Mn
5 Helmerich & Payne 3.96 Bn 3.86 Bn 907.56 Mn 111.80 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 - -

Historic Data

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DateValue
Mar 31, 2026 111.80 Mn
Dec 31, 2025 117.29 Mn
Sep 30, 2025 123.60 Mn
Jun 30, 2025 120.21 Mn
Mar 31, 2025 113.67 Mn
Dec 31, 2024 67.51 Mn
Sep 30, 2024 67.08 Mn
Jun 30, 2024 57.32 Mn
Mar 31, 2024 59.73 Mn
Dec 31, 2023 62.25 Mn
Sep 30, 2023 50.40 Mn
Jun 30, 2023 36.97 Mn
Mar 31, 2023 37.15 Mn
Dec 31, 2022 38.54 Mn
Sep 30, 2022 39.06 Mn
Jun 30, 2022 40.54 Mn
Mar 31, 2022 45.33 Mn
Dec 31, 2021 47.36 Mn
Sep 30, 2021 49.19 Mn
Jun 30, 2021 53.12 Mn
Mar 31, 2021 56.47 Mn
Dec 31, 2020 42.92 Mn
Sep 30, 2020 44.58 Mn
Jun 30, 2020 47.53 Mn
Mar 31, 2020 48.73 Mn
Dec 31, 2019 52.19 Mn