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| Date | Value |
|---|---|
| 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 |