Helmerich & Payne (HP) Tax Provisions (2009 - 2026)
Helmerich & Payne (HP) posted quarterly Tax Provisions of $9.3 million for Q1 2026, down 77.57% year-over-year from $41.5 million in Q1 2025, and down 16.98% quarter-over-quarter from $11.2 million in Q4 2025.
Helmerich & Payne (HP) Tax Provisions (2009 - 2026) Analysis & Trends
Helmerich & Payne (HP) has reported Tax Provisions for 18 consecutive years, with $9.3 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Provisions fell 77.57% year-over-year to $9.3 million; the TTM figure through Mar 2026 stood at $43.2 million (down 68.59% YoY), while the FY2025 annual figure was $85.8 million, down 37.28% from the prior year.
- Tax Provisions retreated to $9.3 million in Q1 2026 per HP's latest filing, from $11.2 million in the prior quarter.
- Across five years, Tax Provisions topped out at $51.1 million in Q1 2023 and bottomed at -$6.3 million in Q3 2025.
- Historically, Tax Provisions has averaged $25.5 million across 5 years, with a median of $30.1 million in 2023.
- Annual changes were most pronounced in 2023 — Tax Provisions surged 2291.94% — and 2025, when it slumped 115.33%.
- Helmerich & Payne's Tax Provisions stood at $32.4 million in 2022, then decreased by 7.08% to $30.1 million in 2023, then retreated by 28.24% to $21.6 million in 2024, then slumped by 48.15% to $11.2 million in 2025, then slipped by 16.98% to $9.3 million in 2026.
- Business Quant data shows HP's Tax Provisions at $9.3 million in Q1 2026, $11.2 million in Q4 2025, and -$6.3 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.46 Bn | 7.01 Bn | 273.38 Mn | 16.29 Mn |
| 2 | Transocean | 6.71 Bn | 5.91 Bn | 358.00 Mn | 14.00 Mn |
| 3 | Patterson Uti Energy | 4.63 Bn | 4.43 Bn | 597.25 Mn | -8.65 Mn |
| 4 | Helmerich & Payne | 4.39 Bn | 4.16 Bn | 349.94 Mn | 72.40 Mn |
| 5 | Seadrill | 2.96 Bn | 2.60 Bn | 234.00 Mn | 12.00 Mn |
| 6 | Borr Drilling | 1.36 Bn | 1.14 Bn | - | 10.90 Mn |
| 7 | Nabors Industries | 1.30 Bn | 792.72 Mn | 309.38 Mn | 16.41 Mn |
| 8 | Precision Drilling | 1.15 Bn | 1.10 Bn | 89.29 Mn | 503,155.99 |
| 9 | Valaris | 886.35 Mn | 345.15 Mn | 123.70 Mn | 33.60 Mn |
| 10 | Sable Offshore | 777.33 Mn | 755.73 Mn | - | 26.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 72.40 Mn |
| Mar 31, 2026 | 9.30 Mn |
| Dec 31, 2025 | 11.20 Mn |
| Sep 30, 2025 | -6.27 Mn |
| Jun 30, 2025 | 29.00 Mn |
| Mar 31, 2025 | 41.46 Mn |
| Dec 31, 2024 | 21.60 Mn |
| Sep 30, 2024 | 40.86 Mn |
| Jun 30, 2024 | 33.70 Mn |
| Mar 31, 2024 | 32.20 Mn |
| Dec 31, 2023 | 30.10 Mn |
| Sep 30, 2023 | 35.08 Mn |
| Jun 30, 2023 | 40.66 Mn |
| Mar 31, 2023 | 51.13 Mn |
| Dec 31, 2022 | 32.40 Mn |
| Sep 30, 2022 | 27.53 Mn |
| Jun 30, 2022 | 1.70 Mn |
| Mar 31, 2022 | 2.67 Mn |
| Dec 31, 2021 | -7.57 Mn |
| Sep 30, 2021 | -25.32 Mn |