Helmerich & Payne (HP) Restructuring Costs (2024 - 2026)
Helmerich & Payne (HP) reported Restructuring Costs of $2.7 million for Q1 2026, down 90.83% year-over-year from $29.9 million in Q1 2025, and down 19.59% on a QoQ basis from $3.4 million in Q4 2025.
Helmerich & Payne (HP) has 3 years of Restructuring Costs data on file, last reported at $2.7 million in Q1 2026.
- Quarterly Restructuring Costs fell 90.83% year-over-year to $2.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $20.4 million (down 62.51% YoY) and the FY2025 annual result came in at $54.7 million, up 265.12% from the prior year.
- Restructuring Costs eased to $2.7 million in Q1 2026 per HP's latest filing, from $3.4 million in the prior quarter.
- Across five years, Restructuring Costs topped out at $29.9 million in Q1 2025 and bottomed at $900000.0 in Q1 2024.
- The 3-year median for Restructuring Costs is $6.7 million (2024), against an average of $8.4 million.
- The widest annual swing landed in 2025, when Restructuring Costs jumped 3218.56%; it then tumbled 90.83% in 2026.
- Tracing HP's Restructuring Costs over 3 years: stood at $10.5 million in 2024, then sank by 67.68% to $3.4 million in 2025, then dropped by 19.59% to $2.7 million in 2026.
- Per Business Quant, the three latest HP Restructuring Costs figures stand at $2.7 million (Q1 2026), $3.4 million (Q4 2025), and $5.7 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Precision Drilling | 157.47 Bn | 157.41 Bn | 120.82 Mn |
| 2 | Noble | 8.34 Bn | 7.67 Bn | 755.58 Mn |
| 3 | Transocean | 7.55 Bn | 6.94 Bn | 475.00 Mn |
| 4 | Patterson Uti Energy | 4.63 Bn | 4.30 Bn | 535.85 Mn |
| 5 | Helmerich & Payne | 3.96 Bn | 3.86 Bn | 907.56 Mn |
| 6 | Seadrill | 3.20 Bn | 2.87 Bn | 177.00 Mn |
| 7 | Sable Offshore | 2.10 Bn | 2.05 Bn | -66.76 Mn |
| 8 | Nabors Industries | 1.49 Bn | 1.37 Bn | 290.08 Mn |
| 9 | Borr Drilling | 1.48 Bn | 1.10 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.74 Mn |
| Dec 31, 2025 | 3.41 Mn |
| Sep 30, 2025 | 5.68 Mn |
| Jun 30, 2025 | 8.62 Mn |
| Mar 31, 2025 | 29.87 Mn |
| Dec 31, 2024 | 10.54 Mn |
| Sep 30, 2024 | 7.45 Mn |
| Jun 30, 2024 | 6.68 Mn |
| Mar 31, 2024 | 900,000.00 |