Helmerich & Payne (HP) Total Debt (2009 - 2026)
Helmerich & Payne (HP) posted quarterly Total Debt of $2.1 billion for Q1 2026, down 4.09% year-over-year from $2.2 billion in Q1 2025, and up 5.68% quarter-over-quarter from $2.0 billion in Q4 2025.
Helmerich & Payne (HP) Total Debt (2009 - 2026) Analysis & Trends
Helmerich & Payne (HP) has reported Total Debt for 18 consecutive years, with $2.1 billion the latest figure, recorded in Q1 2026.
- In Q1 2026, Total Debt fell 4.09% year-over-year to $2.1 billion; the TTM figure through Mar 2026 stood at $2.1 billion (down 4.09% YoY), while the FY2025 annual figure was $2.1 billion, up 15.81% from the prior year.
- Total Debt grew to $2.1 billion in Q1 2026 per HP's latest filing, from $2.0 billion in the prior quarter.
- Across five years, Total Debt topped out at $2.2 billion in Q1 2025 and bottomed at $542.0 million in Q1 2022.
- Historically, Total Debt has averaged $1.2 billion across 5 years, with a median of $545.4 million in 2024.
- Annual changes were most pronounced in 2022 — Total Debt sank 47.15% — and 2025, when it surged 310.75%.
- Helmerich & Payne's Total Debt stood at $542.9 million in 2022, then increased by 0.43% to $545.3 million in 2023, then soared by 226.74% to $1.8 billion in 2024, then rose by 14.12% to $2.0 billion in 2025, then grew by 5.68% to $2.1 billion in 2026.
- Business Quant data shows HP's Total Debt at $2.1 billion in Q1 2026, $2.0 billion in Q4 2025, and $2.1 billion in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.46 Bn | 7.01 Bn | 273.38 Mn | 1.89 Bn |
| 2 | Transocean | 6.71 Bn | 5.91 Bn | 358.00 Mn | 5.12 Bn |
| 3 | Patterson Uti Energy | 4.63 Bn | 4.43 Bn | 597.25 Mn | 1.23 Bn |
| 4 | Helmerich & Payne | 4.39 Bn | 4.16 Bn | 349.94 Mn | 1.87 Bn |
| 5 | Seadrill | 2.96 Bn | 2.60 Bn | 234.00 Mn | 737.00 Mn |
| 6 | Borr Drilling | 1.36 Bn | 1.14 Bn | - | 2.49 Bn |
| 7 | Nabors Industries | 1.30 Bn | 792.72 Mn | 309.38 Mn | 2.12 Bn |
| 8 | Precision Drilling | 1.15 Bn | 1.10 Bn | 89.29 Mn | 452.79 Mn |
| 9 | Valaris | 886.35 Mn | 345.15 Mn | 123.70 Mn | 1.09 Bn |
| 10 | Sable Offshore | 777.33 Mn | 755.73 Mn | - | 968.84 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.87 Bn |
| Mar 31, 2026 | 2.15 Bn |
| Dec 31, 2025 | 2.03 Bn |
| Sep 30, 2025 | 2.06 Bn |
| Jun 30, 2025 | 2.19 Bn |
| Mar 31, 2025 | 2.24 Bn |
| Dec 31, 2024 | 1.78 Bn |
| Sep 30, 2024 | 1.78 Bn |
| Jun 30, 2024 | 545.59 Mn |
| Mar 31, 2024 | 545.44 Mn |
| Dec 31, 2023 | 545.29 Mn |
| Sep 30, 2023 | 545.14 Mn |
| Jun 30, 2023 | 545.00 Mn |
| Mar 31, 2023 | 542.73 Mn |
| Dec 31, 2022 | 542.93 Mn |
| Sep 30, 2022 | 542.61 Mn |
| Jun 30, 2022 | 542.29 Mn |
| Mar 31, 2022 | 541.97 Mn |
| Dec 31, 2021 | 542.24 Mn |
| Sep 30, 2021 | 1.03 Bn |