Helmerich & Payne (HP) Operating Income (2009 - 2026)
Helmerich & Payne (HP) reported Operating Income of -$36.9 million for Q1 2026, down 187.56% year-over-year from $42.2 million in Q1 2025, and up 38.38% on a QoQ basis from -$59.9 million in Q4 2025.
Helmerich & Payne (HP) has 18 years of Operating Income data on file, last reported at -$36.9 million in Q1 2026.
- Quarterly Operating Income fell 187.56% year-over-year to -$36.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$226.6 million (down 163.98% YoY) and the FY2025 annual result came in at $3.3 million, down 99.27% from the prior year.
- Operating Income improved to -$36.9 million in Q1 2026 per HP's latest filing, from -$59.9 million in the prior quarter.
- Across five years, Operating Income topped out at $175.2 million in Q1 2023 and bottomed at -$128.3 million in Q2 2025.
- The 5-year median for Operating Income is $90.9 million (2024), against an average of $59.9 million.
- The widest annual swing landed in 2023, when Operating Income jumped 874.66%; it then tumbled 213.06% in 2025.
- Tracing HP's Operating Income over 5 years: stood at $144.2 million in 2022, then fell by 14.39% to $123.5 million in 2023, then slipped by 26.39% to $90.9 million in 2024, then slumped by 165.92% to -$59.9 million in 2025, then jumped by 38.38% to -$36.9 million in 2026.
- Per Business Quant, the three latest HP Operating Income figures stand at -$36.9 million (Q1 2026), -$59.9 million (Q4 2025), and -$1.5 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Precision Drilling | 157.47 Bn | 157.41 Bn | 120.82 Mn | 90.38 Mn |
| 2 | Noble | 8.34 Bn | 7.67 Bn | 755.58 Mn | 225.31 Mn |
| 3 | Transocean | 7.55 Bn | 6.94 Bn | 475.00 Mn | 287.00 Mn |
| 4 | Patterson Uti Energy | 4.63 Bn | 4.30 Bn | 535.85 Mn | -14.32 Mn |
| 5 | Helmerich & Payne | 3.96 Bn | 3.86 Bn | 907.56 Mn | -36.92 Mn |
| 6 | Seadrill | 3.20 Bn | 2.87 Bn | 177.00 Mn | 24.00 Mn |
| 7 | Sable Offshore | 2.10 Bn | 2.05 Bn | -66.76 Mn | -118.75 Mn |
| 8 | Nabors Industries | 1.49 Bn | 1.37 Bn | 290.08 Mn | -475.21 Mn |
| 9 | Borr Drilling | 1.48 Bn | 1.10 Bn | - | 67.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -36.92 Mn |
| Dec 31, 2025 | -59.91 Mn |
| Sep 30, 2025 | -1.46 Mn |
| Jun 30, 2025 | -128.27 Mn |
| Mar 31, 2025 | 42.16 Mn |
| Dec 31, 2024 | 90.89 Mn |
| Sep 30, 2024 | 107.59 Mn |
| Jun 30, 2024 | 113.46 Mn |
| Mar 31, 2024 | 111.17 Mn |
| Dec 31, 2023 | 123.47 Mn |
| Sep 30, 2023 | 100.14 Mn |
| Jun 30, 2023 | 148.74 Mn |
| Mar 31, 2023 | 175.21 Mn |
| Dec 31, 2022 | 144.22 Mn |
| Sep 30, 2022 | 76.80 Mn |
| Jun 30, 2022 | 33.72 Mn |
| Mar 31, 2022 | -22.62 Mn |
| Dec 31, 2021 | -42.61 Mn |
| Sep 30, 2021 | -97.04 Mn |
| Jun 30, 2021 | -77.37 Mn |
| Mar 31, 2021 | -160.92 Mn |
| Dec 31, 2020 | -93.22 Mn |
| Sep 30, 2020 | -75.43 Mn |
| Jun 30, 2020 | -57.58 Mn |
| Mar 31, 2020 | -518.54 Mn |
| Dec 31, 2019 | 31.37 Mn |
| Sep 30, 2019 | 39.02 Mn |
| Jun 30, 2019 | -167.87 Mn |
| Mar 31, 2019 | 95.15 Mn |
| Dec 31, 2018 | 54.29 Mn |
| Sep 30, 2018 | 24.21 Mn |
| Jun 30, 2018 | 6.31 Mn |
| Mar 31, 2018 | -1.16 Mn |
| Dec 31, 2017 | 3.61 Mn |
| Sep 30, 2017 | -29.68 Mn |
| Jun 30, 2017 | -28.03 Mn |
| Mar 31, 2017 | -65.67 Mn |
| Dec 31, 2016 | -49.16 Mn |
| Sep 30, 2016 | -93.00 Mn |
| Jun 30, 2016 | -13.26 Mn |
| Mar 31, 2016 | 41.62 Mn |
| Dec 31, 2015 | 38.67 Mn |
| Sep 30, 2015 | -24.78 Mn |
| Jun 30, 2015 | 135.05 Mn |
| Mar 31, 2015 | 231.33 Mn |
| Dec 31, 2014 | 330.37 Mn |
| Sep 30, 2014 | 263.50 Mn |
| Jun 30, 2014 | 271.91 Mn |
| Mar 31, 2014 | 255.34 Mn |
| Dec 31, 2013 | 264.03 Mn |
| Sep 30, 2013 | 243.23 Mn |
| Jun 30, 2013 | 239.96 Mn |
| Mar 31, 2013 | 232.92 Mn |
| Dec 31, 2012 | 240.55 Mn |
| Sep 30, 2012 | 239.38 Mn |
| Jun 30, 2012 | 232.66 Mn |
| Mar 31, 2012 | 207.03 Mn |
| Dec 31, 2011 | 230.54 Mn |
| Sep 30, 2011 | 193.10 Mn |
| Jun 30, 2011 | 174.42 Mn |
| Mar 31, 2011 | 164.27 Mn |
| Dec 31, 2010 | 170.73 Mn |
| Sep 30, 2010 | 133.23 Mn |
| Jun 30, 2010 | 111.47 Mn |
| Mar 31, 2010 | 101.71 Mn |
| Dec 31, 2009 | 105.38 Mn |
| Sep 30, 2009 | 90.46 Mn |
| Jun 30, 2009 | 106.16 Mn |
| Mar 31, 2009 | 183.34 Mn |