Helmerich & Payne, Inc. (HP) Form 10-Q — Aug 6, 2026
Helmerich & Payne returned to profitability in its fiscal third quarter, reporting net income attributable to the company of $75.7 million, or $0.74 per diluted share, versus a loss of $162.8 million, or $(1.64) per share, a year earlier. Consolidated operating revenues were $1.03 billion, essentially flat with the prior-year quarter. The swing was heavily aided by one-time items: a $114.8 million gain on the sale of the Utica Square shopping center in Tulsa and a $13.6 million gain tied to a fire-destroyed super-spec rig's insurance recovery.
Key figures
- Eps
- 0.74
- Revenue
- 1034856000
- Net Income
- 75682000
- Revenue Yoy
- -0.6% Q3 YoY ($1.035B vs $1.041B); +9.1% nine months YoY
- Total Assets
- 6286774000
- Cash Position
- 204427000
- Shares Outstanding
- 99938945
- Total rig fleet
- 333
- Contract backlog
- $9.1 billion at June 30, 2026 (up from $7.0 billion at September 30, 2025)
- Saudi active rigs
- 22
- Utica square gain
- $114.8 million
- Dividend per share
- 0.25
- Nine month revenue
- 2984244000
- Revolver available
- $950.0 million undrawn
- Q3 asset impairment
- $1.2 million
- Term loan repaid q3
- $140.0 million
- Q3 revenue prior year
- 1040924000
- Active contracted rigs
- 216
- Utica square net proceeds
- $127.7 million
- International revenue pct q3
- 42.7
- Nine month asset impairments
- $130.3 million
- Term loan repaid nine months
- $200.0 million (term loan fully repaid)
- Q3 investment securities loss
- $16.0 million (incl. $14.3 million Tamboran markdown)
- Saudi customer revenue pct q3
- 7.2
- Rig fire insurance partial settlement
- $25.0 million (rig NBV $11.4 million, total loss)
Price after filing
Close on the filing date to close N calendar days later (from $34.49). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.