Helmerich & Payne (HP) Restructuring Costs (2024 - 2026)
Helmerich & Payne (HP) posted quarterly 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% quarter-over-quarter from $3.4 million in Q4 2025.
Helmerich & Payne (HP) Restructuring Costs (2024 - 2026) Analysis & Trends
Helmerich & Payne (HP) has reported Restructuring Costs for 3 consecutive years, with $2.7 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Restructuring Costs fell 90.83% year-over-year to $2.7 million; the TTM figure through Mar 2026 stood at $20.4 million (down 62.53% YoY), while the FY2025 annual figure was $54.7 million, up 265.1% from the prior year.
- Restructuring Costs fell 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.
- Historically, Restructuring Costs has averaged $8.4 million across 3 years, with a median of $6.7 million in 2024.
- Annual changes were most pronounced in 2025 — Restructuring Costs soared 3218.56% — and 2026, when it sank 90.83%.
- Helmerich & Payne's Restructuring Costs stood at $10.5 million in 2024, then plunged by 67.68% to $3.4 million in 2025, then retreated by 19.59% to $2.7 million in 2026.
- Business Quant data shows HP's Restructuring Costs at $2.7 million in Q1 2026, $3.4 million in Q4 2025, and $5.7 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Noble | 7.46 Bn | 7.01 Bn | 273.38 Mn |
| 2 | Transocean | 6.71 Bn | 5.91 Bn | 358.00 Mn |
| 3 | Patterson Uti Energy | 4.63 Bn | 4.43 Bn | 597.25 Mn |
| 4 | Helmerich & Payne | 4.39 Bn | 4.16 Bn | 349.94 Mn |
| 5 | Seadrill | 2.96 Bn | 2.60 Bn | 234.00 Mn |
| 6 | Borr Drilling | 1.36 Bn | 1.14 Bn | - |
| 7 | Nabors Industries | 1.30 Bn | 792.72 Mn | 309.38 Mn |
| 8 | Precision Drilling | 1.15 Bn | 1.10 Bn | 89.29 Mn |
| 9 | Valaris | 886.35 Mn | 345.15 Mn | 123.70 Mn |
| 10 | Sable Offshore | 777.33 Mn | 755.73 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.67 Mn |
| Mar 31, 2026 | 2.74 Mn |
| Dec 31, 2025 | 3.41 Mn |
| Sep 30, 2025 | 5.70 Mn |
| Jun 30, 2025 | 8.60 Mn |
| Mar 31, 2025 | 29.87 Mn |
| Dec 31, 2024 | 10.54 Mn |
| Sep 30, 2024 | 7.45 Mn |
| Jun 30, 2024 | 6.70 Mn |
| Mar 31, 2024 | 900,000.00 |