Helmerich & Payne (HP) Operating Expenses (2009 - 2026)
Helmerich & Payne (HP) posted quarterly Operating Expenses of $969.3 million for Q1 2026, little changed year-over-year from $973.9 million in Q1 2025, and down 10.0% quarter-over-quarter from $1.1 billion in Q4 2025.
Helmerich & Payne (HP) Operating Expenses (2009 - 2026) Analysis & Trends
Helmerich & Payne (HP) has reported Operating Expenses for 18 consecutive years, with $969.3 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses changed 0.47% year-over-year to $969.3 million; the TTM figure through Mar 2026 stood at $4.2 billion (up 54.85% YoY), while the FY2025 annual figure was $3.7 billion, up 62.79% from the prior year.
- Operating Expenses eased 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.
- Historically, Operating Expenses has averaged $703.2 million across 5 years, with a median of $584.3 million in 2024.
- Annual changes were most pronounced in 2023 — Operating Expenses retreated 3.78% — and 2025, when it surged 100.11%.
- Helmerich & Payne's Operating Expenses stood at $575.4 million in 2022, then fell by 3.78% to $553.7 million in 2023, then increased by 5.91% to $586.4 million in 2024, then soared by 83.65% to $1.1 billion in 2025, then decreased by 10.0% to $969.3 million in 2026.
- Business Quant data shows HP's Operating Expenses at $969.3 million in Q1 2026, $1.1 billion in Q4 2025, and $1.0 billion in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.46 Bn | 7.01 Bn | 273.38 Mn | 689.21 Mn |
| 2 | Transocean | 6.71 Bn | 5.91 Bn | 358.00 Mn | 812.00 Mn |
| 3 | Patterson Uti Energy | 4.63 Bn | 4.43 Bn | 597.25 Mn | 1.23 Bn |
| 4 | Helmerich & Payne | 4.39 Bn | 4.16 Bn | 349.94 Mn | 846.65 Mn |
| 5 | Seadrill | 2.96 Bn | 2.60 Bn | 234.00 Mn | 377.00 Mn |
| 6 | Borr Drilling | 1.36 Bn | 1.14 Bn | - | 232.10 Mn |
| 7 | Nabors Industries | 1.30 Bn | 792.72 Mn | 309.38 Mn | 802.04 Mn |
| 8 | Precision Drilling | 1.15 Bn | 1.10 Bn | 89.29 Mn | 19.12 Mn |
| 9 | Valaris | 886.35 Mn | 345.15 Mn | 123.70 Mn | 498.70 Mn |
| 10 | Sable Offshore | 777.33 Mn | 755.73 Mn | - | 204.02 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 846.65 Mn |
| Mar 31, 2026 | 969.28 Mn |
| Dec 31, 2025 | 1.08 Bn |
| Sep 30, 2025 | 1.01 Bn |
| Jun 30, 2025 | 1.17 Bn |
| Mar 31, 2025 | 973.88 Mn |
| Dec 31, 2024 | 586.41 Mn |
| Sep 30, 2024 | 586.21 Mn |
| Jun 30, 2024 | 584.27 Mn |
| Mar 31, 2024 | 576.78 Mn |
| Dec 31, 2023 | 553.68 Mn |
| Sep 30, 2023 | 559.47 Mn |
| Jun 30, 2023 | 575.21 Mn |
| Mar 31, 2023 | 594.02 Mn |
| Dec 31, 2022 | 575.41 Mn |
| Sep 30, 2022 | 554.53 Mn |
| Jun 30, 2022 | 516.51 Mn |
| Mar 31, 2022 | 490.21 Mn |
| Dec 31, 2021 | 452.39 Mn |
| Sep 30, 2021 | 440.84 Mn |