Helmerich & Payne (HP) Tax Provisions (2009 - 2026)

Helmerich & Payne (HP) reported Tax Provisions of $9.3 million for Q1 2026, down 77.6% 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 18 years of Tax Provisions data on file, last reported at $9.3 million in Q1 2026.

  • Tax Provisions for Q1 2026 came in at $9.3 million, down 77.6% year-over-year; the trailing twelve-month figure through Mar 2026 was $43.2 million (down 68.61% YoY), and the FY2025 annual result was $85.8 million, down 37.28% from the prior year.
  • Tax Provisions eased to $9.3 million in Q1 2026 per HP's latest filing, from $11.2 million in the prior quarter.
  • Over five years, Tax Provisions peaked at $51.1 million in Q1 2023 and troughed at -$6.3 million in Q3 2025.
  • A 5-year average of $25.6 million and a median of $30.1 million in 2023 frame the typical range for Tax Provisions.
  • The sharpest annual moves came in 2023 and 2025: Tax Provisions surged 2294.12% in 2023, then plunged 115.33% in 2025.
  • A 5-year view of Tax Provisions shows it stood at $32.4 million in 2022, then decreased by 7.1% to $30.1 million in 2023, then slipped by 28.08% to $21.6 million in 2024, then tumbled by 48.26% to $11.2 million in 2025, then decreased 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Precision Drilling 156.90 Bn 156.84 Bn 120.82 Mn 6.72 Mn
2 Noble 7.48 Bn 6.81 Bn 755.58 Mn 72.95 Mn
3 Transocean 6.71 Bn 6.09 Bn 475.00 Mn -54.00 Mn
4 Patterson Uti Energy 4.36 Bn 4.03 Bn 535.85 Mn -3.60 Mn
5 Helmerich & Payne 3.92 Bn 3.82 Bn 907.56 Mn 9.30 Mn
6 Seadrill 2.75 Bn 2.42 Bn 177.00 Mn 23.00 Mn
7 Sable Offshore 1.56 Bn 1.51 Bn -66.76 Mn -
8 Nabors Industries 1.45 Bn 1.33 Bn 290.08 Mn 11.83 Mn
9 Borr Drilling 1.40 Bn 1.16 Bn - -11.10 Mn
10 Valaris 492.40 Mn -85.40 Mn 92.00 Mn 18.90 Mn

Historic Data

Download Data
DateValue
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 41.50 Mn
Dec 31, 2024 21.65 Mn
Sep 30, 2024 40.88 Mn
Jun 30, 2024 33.70 Mn
Mar 31, 2024 32.19 Mn
Dec 31, 2023 30.10 Mn
Sep 30, 2023 35.09 Mn
Jun 30, 2023 40.70 Mn
Mar 31, 2023 51.10 Mn
Dec 31, 2022 32.40 Mn
Sep 30, 2022 27.57 Mn
Jun 30, 2022 1.70 Mn
Mar 31, 2022 2.70 Mn
Dec 31, 2021 -7.60 Mn
Sep 30, 2021 -25.32 Mn
Jun 30, 2021 -23.70 Mn