10-Q · February 5, 2026
Helmerich & Payne, Inc. reported a decline in earnings in Q1 2026, with a net loss of $96.7 million or $(-0.98) per share compared to a profit of $54.8 million or $0.54 per share the year prior. Revenues increased,…
Earnings analysis · 10-Q
HP earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Helmerich & Payne, Inc. reported Q2 FY26 results with revenue of $932 million and an EPS of -$0.38, significantly missing estimates. The North America Solutions segment experienced a 13.7% revenue decline, while…
Read full summary
Helmerich & Payne, Inc. reported Q2 FY26 results with revenue of $932 million and an EPS of -$0.38, significantly missing estimates. The North America Solutions segment experienced a 13.7% revenue decline, while Offshore Solutions saw a 15% increase, reflecting mixed segment performance amidst ongoing impairments and geopolitical headwinds.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.38
- Segment
- North America Solutions
- Segment
- International Solutions
- Segment
- Offshore Solutions
What stood out
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Revenue Decline vs. Prior Year
Revenue decreased by 11.2% from $1.05 billion in Q2 FY25 to $932 million in Q2 FY26.
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Significant EPS Miss
Earnings per share was reported at -$0.38, missing the expected -$0.05 by 660%.
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Increased International Solutions Revenue
Revenue from International Solutions increased by 53.2% to $452.6 million for the six months ending March 31, 2026.
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Impairment Charges
Recorded a $26.1 million impairment charge for assets classified as held-for-sale, further impacting profits.
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Cash Balance
As of March 31, 2026, cash and cash equivalents were $177.2 million, down from $650.6 million since September 30, 2025.
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Repayment of Term Loan
Fully repaid $140 million balance of the Term Loan Credit Agreement in April 2026.
What to watch
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Declining North America Revenue
North America Solutions revenue decreased by 13.7% to $517.2 million compared to $599.7 million in Q2 FY25.
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Heightened Geopolitical Risks
Ongoing geopolitical tensions are expected to continue affecting operations, particularly in the International Solutions segment.
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High Impairment Charges
Impacts from recorded impairment charges amounted to $129.2 million for the first six months of FY26.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
10-K · November 21, 2025
Helmerich & Payne, Inc. reported a challenging fiscal year 2025 marked by a loss of $163.7 million and a drop in revenues compared to the previous year, mainly due to the impact of global oil price volatility and…
10-Q · August 11, 2025
Helmerich & Payne reported revenues of $1.04 billion for Q3 FY25, a significant increase from $688 million in Q2 FY24, despite a loss of $162.8 million compared to a profit of $88.7 million a year prior. The company has…
10-Q · May 9, 2025
Helmerich & Payne, Inc. reported financial results for Q2 FY2025, showing a significant revenue increase driven by the recent acquisition of KCA Deutag. However, operating income faced substantial pressure leading to a…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.