Helmerich & Payne, Inc. ( HELM-rik) is an American petroleum contract drilling company engaged in oil and gas well drilling and related services for exploration and production companies headquartered in Tulsa, Oklahoma, with operations throughout the world. Their FlexRigs, introduced in 1998, have been used extensively in drilling unconventional shale formations, such as the Bakken formation in North Dakota and the Permian Basin and Eagle Ford formation in Texas.3 Its shares trade on NYSE under the symbol HP.1Wikipedia text CC BY-SA 4.0
$37.73down 0.86 (2.24%)Price as of Oct 15, 2026 at 17:33 UTC
Helmerich & Payne, Inc. ( HELM-rik) is an American petroleum contract drilling company engaged in oil and gas well drilling and related services for exploration and production companies headquartered in Tulsa, Oklahoma, with operations throughout the world. Their FlexRigs, introduced in 1998, have been used extensively in drilling unconventional shale formations, such as the Bakken formation in North Dakota and the Permian Basin and Eagle Ford formation in Texas. H&P is the largest on-shore driller in the United States of America with over 20% of the American land drilling market share and over 40% of the super-spec American land drilling market share.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue11121314156$3.7B in 2025+49% since 2018Operating income11121314156$3.3M in 2025−90% since 2018Net income11121314156-$163.7M in 2025
Revenue1617$986.9M in Q3 FY2026+9% since Q2 FY2026Operating income1617$188.2M in Q3 FY2026Net income1617$75.7M in Q3 FY2026
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
Period ending
2025-09-30
2024-09-30
2023-09-30
Drilling services
$3.7B
$2.7B
$2.9B
Other
$67.4M
$10.5M
$9.7M
Total operating revenues
$3.7B
$2.8B
$2.9B
Drilling services operating expenses, excluding depreciation and amortization
$2.5B
$1.6B
$1.7B
Other operating expenses
$56.0M
$4.5M
$4.5M
Depreciation and amortization
$625.1M
$397.3M
$382.3M
Research and development
$34.1M
$41.0M
$30.1M
Selling, general and administrative
$287.1M
$244.9M
$206.7M
Acquisition transaction costs
$54.7M
$15.0M
$0
Asset impairment charges
$194.0M
$0
$12.1M
Restructuring charges
$12.1M
$0
$0
Gain on reimbursement of drilling equipment
-$33.4M
-$33.3M
-$48.2M
Other loss on sale of assets
$1.5M
$5.1M
$8.0M
Total operating costs and expenses
$3.7B
$2.3B
$2.3B
OPERATING INCOME
$3.3M
$457.4M
$568.3M
Interest and dividend income
$35.2M
$41.2M
$28.4M
Interest expense
-$107.8M
-$29.1M
-$17.3M
Gain (loss) on investment securities
-$22.4M
$14.0M
$11.3M
Foreign currency exchange loss
-$9.7M
-$5.5M
-$6.4M
Other
$27.2M
$3.1M
$9.1M
Total other income (expense)
-$77.4M
$23.6M
$25.1M
Income (loss) before income taxes
-$74.1M
$481.0M
$593.4M
Income tax expense
$85.8M
$136.9M
$159.3M
NET INCOME (LOSS)
-$159.9M
$344.2M
$434.1M
Net income attributable to non-controlling interest
$3.7M
$0
$0
NET INCOME (LOSS) ATTRIBUTABLE TO HELMERICH & PAYNE, INC.
-$163.7M
$344.2M
$434.1M
Basic (in dollars per share)
-$1.66
$3.43
$4.18
Diluted (in dollars per share)
-$1.66
$3.43
$4.16
Basic (in shares)
99.3M shares
98.9M shares
102.4M shares
Diluted (in shares)
99.3M shares
99.1M shares
102.9M shares
No quarter-by-quarter statement was filed.
Total assets1811121314156$6.7B in 2025+8% since 2018Shareholders’ equity121314156$2.8B in 2025−35% since 2018Cash11121314156$196.8M in 2025−31% since 2018Long-term debt1811121314156$2.1B in 2025+316% since 2018
Total assets1617$6.3B in Q3 FY2026−1% since Q2 FY2026Shareholders’ equity1617$2.7B in Q3 FY2026−1% since Q2 FY2025Cash1617$204.4M in Q3 FY2026+15% since Q2 FY2026Long-term debt1617$1.9B in Q3 FY2026−0% since Q2 FY2026
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
Period ending
2025-09-30
2024-09-30
2023-09-30
2022-09-30
Cash and cash equivalents
$196.8M
$217.3M
$257.2M
Restricted cash
$27.4M
$68.9M
$59.1M
Short-term investments
$21.5M
$292.9M
Accounts receivable, net of allowance of $19,647 and $2,977, respectively
$782.6M
$418.6M
Inventories of materials and supplies, net
$324.3M
$117.9M
Prepaid expenses and other, net
$97.5M
$76.4M
Assets held-for-sale
$15.2M
$0
Total current assets
$1.5B
$1.2B
Investments, net
$68.2M
$100.6M
Property, plant and equipment, net
$4.3B
$3.0B
Goodwill
$182.9M
$45.7M
Intangible assets, net
$485.5M
$54.1M
Operating lease right-of-use assets
$123.6M
$67.1M
Restricted cash
$1.6M
$1.2B
$0
Other assets, net
$65.4M
$63.7M
Total other noncurrent assets
$859.0M
$1.5B
Total assets
$6.7B
$5.8B
Accounts payable
$217.9M
$135.1M
Dividends payable
$25.2M
$25.0M
Accrued liabilities
$564.9M
$286.8M
Current portion of long-term debt, net
$6.9M
$0
Total current liabilities
$814.8M
$446.9M
Long-term debt, net
$2.1B
$1.8B
Deferred income taxes
$624.0M
$495.5M
Retirement benefit obligation
$109.9M
$6.5M
Other
$270.6M
$133.6M
Total noncurrent liabilities
$3.1B
$2.4B
Common stock, $0.10 par value, 160,000,000 shares authorized, 112,222,865 shares issued as of September 30, 2025 and 2024, and 99,446,577 and 98,755,412 shares outstanding as of September 30, 2025 and 2024, respectively
$11.2M
$11.2M
Preferred stock, no par value, 1,000,000 shares authorized, no shares issued
$0
$0
Additional paid-in capital
$513.0M
$518.1M
Retained earnings
$2.6B
$2.9B
Accumulated other comprehensive income (loss)
$45.0M
-$6.3M
Treasury stock, at cost, 12,776,288 shares and 13,467,453 shares as of September 30, 2025 and 2024, respectively
-$463.5M
-$489.4M
Non-controlling interest
$104.5M
$0
Total shareholders equity
$2.8B
$2.9B
$2.8B
$2.8B
Total liabilities and shareholders' equity
$6.7B
$5.8B
Accounts receivable, net of allowance
$19.6M
$3.0M
$2.7M
$3.0M
Common stock, par value (in dollars per share)
$0.10
$0.10
Common stock, shares authorized (in shares)
160.0M shares
160.0M shares
Common stock, shares issued (in shares)
112.2M shares
112.2M shares
Common stock, shares outstanding (in shares)
99.4M shares
98.8M shares
Preferred stock shares par value (in dollars per share)
$0
$0
Preferred stock, shares authorized (in shares)
1.0M shares
1.0M shares
Preferred stock, shares issued (in shares)
0 shares
0 shares
Treasury stock, shares (in shares)
12.8M shares
13.5M shares
Period ending
2025-09-30
2024-09-30
2023-09-30
2022-09-30
Cash and cash equivalents
$196.8M
$217.3M
$257.2M
Restricted cash
$27.4M
$68.9M
$59.1M
Short-term investments
$21.5M
$292.9M
Accounts receivable, net of allowance of $19,647 and $2,977, respectively
$782.6M
$418.6M
Inventories of materials and supplies, net
$324.3M
$117.9M
Prepaid expenses and other, net
$97.5M
$76.4M
Assets held-for-sale
$15.2M
$0
Total current assets
$1.5B
$1.2B
Investments, net
$68.2M
$100.6M
Property, plant and equipment, net
$4.3B
$3.0B
Goodwill
$182.9M
$45.7M
Intangible assets, net
$485.5M
$54.1M
Operating lease right-of-use assets
$123.6M
$67.1M
Restricted cash
$1.6M
$1.2B
$0
Other assets, net
$65.4M
$63.7M
Total other noncurrent assets
$859.0M
$1.5B
Total assets
$6.7B
$5.8B
Accounts payable
$217.9M
$135.1M
Dividends payable
$25.2M
$25.0M
Accrued liabilities
$564.9M
$286.8M
Current portion of long-term debt, net
$6.9M
$0
Total current liabilities
$814.8M
$446.9M
Long-term debt, net
$2.1B
$1.8B
Deferred income taxes
$624.0M
$495.5M
Retirement benefit obligation
$109.9M
$6.5M
Other
$270.6M
$133.6M
Total noncurrent liabilities
$3.1B
$2.4B
Common stock, $0.10 par value, 160,000,000 shares authorized, 112,222,865 shares issued as of September 30, 2025 and 2024, and 99,446,577 and 98,755,412 shares outstanding as of September 30, 2025 and 2024, respectively
$11.2M
$11.2M
Preferred stock, no par value, 1,000,000 shares authorized, no shares issued
$0
$0
Additional paid-in capital
$513.0M
$518.1M
Retained earnings
$2.6B
$2.9B
Accumulated other comprehensive income (loss)
$45.0M
-$6.3M
Treasury stock, at cost, 12,776,288 shares and 13,467,453 shares as of September 30, 2025 and 2024, respectively
-$463.5M
-$489.4M
Non-controlling interest
$104.5M
$0
Total shareholders equity
$2.8B
$2.9B
$2.8B
$2.8B
Total liabilities and shareholders' equity
$6.7B
$5.8B
Accounts receivable, net of allowance
$19.6M
$3.0M
$2.7M
$3.0M
Common stock, par value (in dollars per share)
$0.10
$0.10
Common stock, shares authorized (in shares)
160.0M shares
160.0M shares
Common stock, shares issued (in shares)
112.2M shares
112.2M shares
Common stock, shares outstanding (in shares)
99.4M shares
98.8M shares
Preferred stock shares par value (in dollars per share)
$0
$0
Preferred stock, shares authorized (in shares)
1.0M shares
1.0M shares
Preferred stock, shares issued (in shares)
0 shares
0 shares
Treasury stock, shares (in shares)
12.8M shares
13.5M shares
Cash from operations11121314156$543.0M in 2025−3% since 2018Capital spending11121314156$426.4M in 2025−9% since 2018Free cash flow11121314156$116.6M in 2025+28% since 2018Dividends paid11121314156$100.7M in 2025−67% since 2018
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
Period ending
2025-09-30
2024-09-30
2023-09-30
Net income (loss)
-$159.9M
$344.2M
$434.1M
Depreciation and amortization
$625.1M
$397.3M
$382.3M
Asset impairment charges
$194.0M
$0
$12.1M
Amortization of debt discount and debt issuance costs
$6.1M
$10.6M
$1.1M
Stock-based compensation
$31.6M
$31.2M
$32.5M
(Gain) loss on investment securities
$22.4M
-$14.0M
-$11.3M
Gain on reimbursement of drilling equipment
-$33.4M
-$33.3M
-$48.2M
Other loss on sale of assets
$1.5M
$5.1M
$8.0M
Deferred income tax benefit
-$78.7M
-$23.2M
-$20.4M
Other
$14.0M
$5.1M
$9.0M
Accounts receivable
-$48.6M
-$10.7M
$56.3M
Inventories of materials and supplies
-$26.9M
-$20.8M
-$7.8M
Prepaid expenses and other
$41.5M
$3.4M
-$1.8M
Other noncurrent assets
-$11.5M
-$20.7M
-$11.1M
Accounts payable
-$21.3M
-$2.3M
$4.2M
Accrued liabilities
-$74.6M
$16.8M
-$10.1M
Other noncurrent liabilities
$61.6M
-$4.1M
$4.9M
Net cash provided by operating activities
$543.0M
$684.7M
$833.7M
Capital expenditures
-$426.4M
-$495.1M
-$395.5M
Purchase of short-term investments
-$117.1M
-$200.7M
-$181.0M
Purchase of long-term investments
-$3.3M
-$9.1M
-$20.7M
Payment for acquisition of business, net of cash acquired
-$1.8B
$0
$0
Proceeds from sale of short-term investments
$378.4M
$204.2M
$195.3M
Proceeds from sale of long-term investments
$32.0M
$0
$0
Insurance proceeds from involuntary conversion
$2.4M
$5.5M
$9.2M
Proceeds from asset sales
$45.8M
$46.4M
$70.1M
Other
-$1.0M
-$10.0M
$0
Net cash used in investing activities
-$1.9B
-$458.7M
-$322.6M
Dividends paid
-$100.7M
-$168.5M
-$201.5M
Distributions to non-controlling interests
-$15.4M
$0
$0
Proceeds from debt issuance
$400.0M
$1.2B
$0
Debt issuance costs
-$2.6M
-$22.9M
$0
Payments for employee taxes on net settlement of equity awards
-$10.8M
-$12.2M
-$14.4M
Payment of contingent consideration from acquisition of business
$0
-$6.2M
-$250.0K
Payments on unsecured long-term debt
-$200.0M
$0
$0
Share repurchases
$0
-$51.3M
-$247.2M
Other
-$3.8M
$0
-$540.0K
Net cash provided by (used in) financing activities
$66.7M
$986.5M
-$463.9M
Effect of exchange rate changes on cash, cash equivalents and restricted cash
$13.0M
$0
$0
Net increase (decrease) in cash and cash equivalents and restricted cash
-$1.3B
$1.2B
$47.2M
Interest paid
$82.3M
$15.9M
$17.1M
Income tax paid
$205.6M
$181.3M
$199.1M
Income tax received
-$201.0K
-$1.2M
-$26.8M
Payments for operating leases
$56.6M
$13.3M
$12.4M
Changes in accounts payable and accrued liabilities related to purchases of property, plant and equipment
Helmerich & Payne sits at the top of its group. 100 entities, 26 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Bentec GmbH Drilling & Oilfield Systems Subsidiary · Germany
Bentec Personalservice GmbH Subsidiary · Germany
Bentec TOB Subsidiary · Ukraine
Deutag Overseas (Curacao) NV Subsidiary · Curaçao
DrillScan SAS Subsidiary · France
Global Tender Barges Malaysia Sdn Bhd Subsidiary · Malaysia
Global Tender Barges Mexico S de R.L. de C.V. Subsidiary · Mexico
H&P Technologies International, Inc. Subsidiary · United States
Helmerich & Payne (Argentina) Drilling Co. Subsidiary · United States
Helmerich & Payne (Australia) Drilling Pty Ltd Subsidiary · Australia
Helmerich & Payne (Boulder) Drilling Co. Subsidiary · United States
Helmerich & Payne (Colombia) Drilling Co. Subsidiary · United States
Helmerich & Payne Corporate Ventures, LLC Subsidiary · United States
Helmerich & Payne de Venezuela, C.A. Subsidiary · Venezuela
Helmerich & Payne del Ecuador, Inc. Subsidiary · United States
HELMERICH & PAYNE INTERNATIONAL DRILLING CO. Subsidiary · Tulsa, Oklahoma, United States
Helmerich & Payne International Holdings, LLC Subsidiary · United States
Helmerich & Payne Management, LLC Subsidiary · United States
and 74 more
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.
What it owns
What Helmerich & Payne reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Our property consists primarily of drilling rigs and ancillary equipment. We own substantially all of the equipment used in our businesses. For further information on the status of our drilling fleet, see Item 1—Business—"Drilling Fleet.”
The rest of Item 2
Real Property
We own or lease office and yard space to support our ongoing operations, including field and district offices in the United States and internationally. Additionally, we lease a fabrication and assembly facility in Galena Park, Texas as well as a maintenance and overhaul facility near Tulsa, Oklahoma. We own a manufacturing and office facility in Bad Bentheim, Germany, and lease fabrication and assembly facilities in both Oman and Saudi Arabia.
We also own a limited number of commercial real estate properties located in Tulsa, Oklahoma for investment purposes. Our real estate investments include a shopping center and undeveloped real estate. During the fiscal year ended September 30, 2025, we committed to a plan to sell a significant portion of our real estate portfolio, including a shopping center comprised of approximately 371,000 leasable square feet with a net book value of $12.0 million.
The company was founded in 1920 as a joint venture between Walt Helmerich II and Bill Payne, who met on an oil rig in South Bend, Texas. The company moved to Tulsa six years later.
After benefiting and growing as a result of shale drilling, as of 2015, the company was losing market share and shrinking in size as lower prices in crude oil led to cuts in use of their oil rigs.
In November, 2018, H&P announced that it had formed H&P Technologies, a new business entity that will focus on the development of new technologies, especially for automation of directional drilling applications that can be used on any oil rig, "...regardless of the drilling or service provider.” H&P also announced that it had acquired Angus Jamieson Consulting (AJC), of Inverness, Scotland, a software-based, training and consultancy company. AJC also provides software and training for clients.
In July 2024, the company announced it would acquire UK-based oil and gas services company, KCA Deutag, for approximately $2 billion in cash.
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
416 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 66 major events, 249 insider forms, 22 large holders, 59 other. The latest 20:
39 open-market trades by officers, directors and large owners since October 2021: 4 buys and 35 sales. Grants, option exercises and gifts are left out.
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
