Helmerich & Payne, Inc. (HP) Financial Statements (2026 and earlier)

Company Profile

Business Address 222 N. DETROIT AVE.
TULSA, OK 74120
State of Incorp. DE
Fiscal Year End September 30
Industry (SIC) 1381 - Drilling Oil and Gas Wells (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
MRQ
9/30/2025
9/30/2024
9/30/2023
9/30/2022
9/30/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:2692185103513491,100
Cash and cash equivalent247197217257232918
Short-term investments222129394117199
Other undisclosed cash, cash equivalents, and short-term investments      (16)
Restricted cash and investments312769593618
Receivables727783419404459229
Inventory, net of allowances, customer advances and progress billings325324118948884
Inventory325324118948884
Prepaid expense  151011725
Asset, held-for-sale, not part of disposal group2615 1471
Other current assets  15521821
Other undisclosed current assets856761854138
Total current assets:1,4621,4651,1921,0071,0031,587
Noncurrent Assets
Operating lease, right-of-use asset11712467503949
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization4,1004,3133,0162,9222,9613,127
Long-term investments and receivables7168101265219135
Long-term investments7168101265219135
Intangible asset, including goodwill, after accumulated amortization646668100106113119
Goodwill18318346464646
Intangible asset, excluding goodwill, after accumulated amortization46348654616774
Restricted cash and investments 121,242   
Other noncurrent assets626564322116
Total noncurrent assets:4,9975,2404,5903,3753,3533,448
TOTAL ASSETS:6,4596,7065,7824,3824,3565,034
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities690783422394521383
Interest and dividends payable✕✕✕✕✕2727
Taxes payable✕✕✕✕✕68 
Employee-related liabilities✕✕✕✕✕59 
Accounts payable18821813513112772
Accrued liabilities501565287263241283
Debt77   483
Other undisclosed current liabilities25252525(126) 
Total current liabilities:722815447419395866
Noncurrent Liabilities
Long-term debt and lease obligation2,0262,0571,782545543542
Long-term debt, excluding current maturities2,0262,0571,782545543542
Liabilities, other than long-term debt1,0091,004636646653713
Deferred income tax liabilities631624495518538563
Liability, pension and other postretirement and postemployment benefits105110    
Disposal group, including discontinued operation, liabilities     22
Other liabilities273271140128113148
Total noncurrent liabilities:3,0353,0622,4181,1911,1951,255
Total liabilities:3,7573,8762,8651,6101,5902,122
Equity
Equity, attributable to parent2,6032,7252,9172,7722,7652,913
Common stock111111111111
Treasury stock, value(448)(464)(489)(464)(236)(182)
Additional paid in capital500513518525528530
Accumulated other comprehensive income (loss)4345(6)(8)(12)(20)
Retained earnings2,4972,6192,8842,7082,4742,573
Equity, attributable to noncontrolling interest99105    
Total equity:2,7022,8292,9172,7722,7652,913
TOTAL LIABILITIES AND EQUITY:6,4596,7065,7824,3824,3565,034

Income Statement (P&L) ($ in millions)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
TTM
9/30/2025
9/30/2024
9/30/2023
9/30/2022
9/30/2021
Revenues4,0863,7462,7572,8722,0591,219
Cost of revenue(3,493)(3,120)(1,992)(2,056)(1,788)(1,367)
Cost of product and service sold(2,783)(2,511)(1,630)(1,715)(1,427)(953)
Gross profit:593626765817270(148)
Operating expenses(741)(623)(313)(255)(225)(281)
Operating income (loss):(147)345256245(429)
Nonoperating income (expense)(87)(77)2931(14)(13)
Investment income, nonoperating81355407617
Other nonoperating income (expense)252739(11)(6)
Interest and debt expense(111)(108)(29)(17)(60)(24)
Income (loss) from continuing operations before equity method investments, income taxes:(345)(182)452576(29)(465)
Other undisclosed income from continuing operations before income taxes11110829176024
Income (loss) from continuing operations before income taxes:(234)(74)48159331(441)
Income tax expense (benefit)(75)(86)(137)(159)(24)104
Income (loss) from continuing operations:(310)(160)3444347(337)
Income (loss) before gain (loss) on sale of properties:✕✕✕✕✕7(326)
Income from discontinued operations     011
Net income (loss):(310)(160)3444347(326)
Net loss attributable to noncontrolling interest(6)(4)    
Net income (loss) attributable to parent:(315)(164)3444347(326)
Undistributed earnings (loss) allocated to participating securities, basic(1)(1)(5)(6)(2)(1)
Other undisclosed net income available to common stockholders, basic77     
Net income (loss) available to common stockholders, basic:(239)(165)3394285(328)
Dilutive securities, effect on basic earnings per share   00  
Other undisclosed net loss available to common stockholders, diluted(77)     
Net income (loss) available to common stockholders, diluted:(317)(165)3394285(328)

Comprehensive Income ($ in millions)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
TTM
9/30/2025
9/30/2024
9/30/2023
9/30/2022
9/30/2021
Net income (loss):(310)(160)3444347(326)
Net loss attributable to redeemable noncontrolling interest(3)  ✕✕✕
Other comprehensive income49512   
Comprehensive income (loss):(261)(109)3464347(326)
Comprehensive loss, net of tax, attributable to noncontrolling interest(6)(4)    
Other undisclosed comprehensive income, net of tax, attributable to parent    486
Comprehensive income (loss), net of tax, attributable to parent:(267)(112)34643815(320)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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