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% quarter-over-quarter from -$59.9 million in Q4 2025.

Helmerich & Payne (HP) Operating Income (2009 - 2026) Analysis & Trends

Helmerich & Payne (HP) has 18 years of Operating Income data on file, last reported at -$36.9 million in Q1 2026.

  • Operating Income for Q1 2026 came in at -$36.9 million, down 187.56% year-over-year; the trailing twelve-month figure through Mar 2026 was -$226.6 million (down 163.98% YoY), and the FY2025 annual result was $3.3 million, down 99.27% from the prior year.
  • Operating Income climbed to -$36.9 million in Q1 2026 per HP's latest filing, from -$59.9 million in the prior quarter.
  • Over five years, Operating Income peaked at $175.2 million in Q1 2023 and troughed at -$128.3 million in Q2 2025.
  • A 5-year average of $59.9 million and a median of $90.9 million in 2024 frame the typical range for Operating Income.
  • The sharpest annual moves came in 2023 and 2025: Operating Income soared 874.66% in 2023, then sank 213.06% in 2025.
  • A 5-year view of Operating Income shows it stood at $144.2 million in 2022, then decreased by 14.39% to $123.5 million in 2023, then declined by 26.39% to $90.9 million in 2024, then plunged by 165.92% to -$59.9 million in 2025, then soared by 38.38% to -$36.9 million in 2026.
  • Business Quant data shows HP's Operating Income at -$36.9 million in Q1 2026, -$59.9 million in Q4 2025, and -$1.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Precision Drilling 156.90 Bn 156.84 Bn 120.82 Mn 90.38 Mn
2 Noble 7.48 Bn 6.81 Bn 755.58 Mn 225.31 Mn
3 Transocean 6.71 Bn 6.09 Bn 475.00 Mn 287.00 Mn
4 Patterson Uti Energy 4.36 Bn 4.03 Bn 535.85 Mn -14.32 Mn
5 Helmerich & Payne 3.92 Bn 3.82 Bn 907.56 Mn -36.92 Mn
6 Seadrill 2.75 Bn 2.42 Bn 177.00 Mn 24.00 Mn
7 Sable Offshore 1.56 Bn 1.51 Bn -66.76 Mn -118.75 Mn
8 Nabors Industries 1.45 Bn 1.33 Bn 290.08 Mn -475.21 Mn
9 Borr Drilling 1.40 Bn 1.16 Bn - 46.00 Mn
10 Valaris 492.40 Mn -85.40 Mn 92.00 Mn 20.00 Mn

Historic Data

Download Data
DateValue
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