Helmerich & Payne (HP) Operating Expenses (2009 - 2026)

Helmerich & Payne (HP) has 18 years of Operating Expenses data on file, last reported at $969.3 million in Q1 2026.

• Quarterly Operating Expenses changed 0.47% year-over-year to $969.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $4.2 billion (up 54.85% YoY) and the FY2025 annual result came in at $3.7 billion, up 62.79% from the prior year.
• Operating Expenses retreated to $969.3 million in Q1 2026 per HP's latest filing, from $1.1 billion in the prior quarter.
• Across five years, Operating Expenses topped out at $1.2 billion in Q2 2025 and bottomed at $490.2 million in Q1 2022.
• The 5-year median for Operating Expenses is $584.3 million (2024), against an average of $703.2 million.
• The widest annual swing landed in 2023, when Operating Expenses declined 3.78%; it then soared 100.11% in 2025.
• Tracing HP's Operating Expenses over 5 years: stood at $575.4 million in 2022, then slipped by 3.78% to $553.7 million in 2023, then advanced by 5.91% to $586.4 million in 2024, then soared by 83.65% to $1.1 billion in 2025, then declined by 10.0% to $969.3 million in 2026.
• Per Business Quant, the three latest HP Operating Expenses figures stand at $969.3 million (Q1 2026), $1.1 billion (Q4 2025), and $1.0 billion (Q3 2025).

Peer Comparison