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| 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 |