Helmerich & Payne Inc (HP) financial statements: income statement, balance sheet and cash flow

Helmerich & Payne Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Sep 30, 2025 · FY), Helmerich & Payne Inc reported revenue of $3.7B (+35.9% year on year) and net income of ($163.7M) (-147.6% year on year).

Income statement

Helmerich & Payne Inc income statement, fiscal years

Line item	Sep 30, 2025 · FY	Sep 30, 2024 · FY	Sep 30, 2023 · FY	Sep 30, 2022 · FY
Drilling services	$3.7B	$2.7B	$2.9B	$2.0B
Other	$67.4M	$10.5M	$9.7M	$9.1M
Total operating revenues	$3.7B	$2.8B	$2.9B	$2.1B
Drilling services operating expenses, excluding depreciation and amortization	$2.5B	$1.6B	$1.7B	$1.4B
Other operating expenses	$56.0M	$4.5M	$4.5M	$4.6M
Depreciation and amortization	$625.1M	$397.3M	$382.3M	$403.2M
Research and development	$34.1M	$41.0M	$30.0M	$26.6M
Selling, general and administrative	$287.1M	$244.9M	$206.7M	$182.4M
Acquisition transaction costs	$54.7M	$15.0M	—	—
Asset impairment charges	$194.0M	$0	$12.1M	$4.4M
Restructuring charges	$12.1M	$0	$0	$838.0K
Gain on reimbursement of drilling equipment	($33.4M)	($33.3M)	($48.2M)	($29.4M)
Other loss on sale of assets	$1.5M	$5.1M	$8.0M	—
Total operating costs and expenses	$3.7B	$2.3B	$2.3B	$2.0B
OPERATING INCOME	$3.3M	$451.9M	$561.9M	$45.3M
Interest and dividend income	$35.2M	$41.2M	$28.4M	$18.1M
Interest expense	($107.8M)	($29.1M)	($17.3M)	($19.2M)
Gain (loss) on investment securities	($22.4M)	$14.0M	$11.3M	$57.9M
Foreign currency exchange loss	($9.7M)	—	—	—
Other	$27.2M	$3.1M	$9.1M	($11.1M)
Total other income (expense)	($77.4M)	$29.1M	$31.5M	($14.4M)
Income (loss) before income taxes	($74.1M)	$481.0M	$593.4M	$30.9M
Income tax expense	$85.8M	$136.9M	$159.3M	$24.4M
NET INCOME (LOSS)	($159.9M)	—	—	—
Net income attributable to non-controlling interest	$3.7M	—	—	—
NET INCOME (LOSS) ATTRIBUTABLE TO HELMERICH & PAYNE, INC.	($163.7M)	$344.2M	$434.1M	$7.0M
Basic (in dollars per share)	-$1.66	$3.43	$4.18	$0.05
Diluted (in dollars per share)	-$1.66	$3.43	$4.16	$0.05
Basic (in shares)	99.3M	98.9M	102.4M	105.9M
Diluted (in shares)	99.3M	99.1M	102.9M	106.6M

Helmerich & Payne Inc income statement, quarters

Line item	Jun 30, 2026 · Q3	Mar 31, 2026 · Q2	Dec 31, 2025 · Q1	Jun 30, 2025 · Q3
Drilling services	$986.9M	$906.4M	$981.1M	$1.0B
Other	$48.0M	$25.9M	$35.9M	$3.0M
Total operating revenues	$1.0B	$932.4M	$1.0B	$1.0B
Drilling services operating expenses, excluding depreciation and amortization	$684.9M	$661.2M	$682.8M	$704.2M
Other operating expenses	$44.5M	$24.8M	$31.3M	$31.1M
Depreciation and amortization	$181.0M	$180.7M	$181.9M	$179.5M
Research and development	$5.9M	$7.0M	$6.6M	$7.8M
Selling, general and administrative	$65.8M	$71.1M	$70.4M	$65.5M
Acquisition transaction and integration costs	$1.7M	$2.7M	$3.4M	$8.6M
Asset impairment charges	$1.2M	$26.1M	$103.1M	$173.3M
Restructuring charges	$1.4M	$2.9M	$1.6M	$4.7M
Gain on involuntary conversion	($13.6M)	—	—	—
Gain on reimbursement of drilling equipment	($6.0M)	($5.9M)	($6.1M)	($6.8M)
Other (gain) loss on sale of assets	($120.0M)	($1.3M)	$1.9M	$1.3M
Total operating costs and expenses	$846.6M	$969.3M	$1.1B	$1.2B
OPERATING INCOME (LOSS)	$188.2M	($36.9M)	($59.9M)	($128.3M)
Interest and dividend income	$2.3M	$2.2M	$2.8M	$2.9M
Interest expense	($24.4M)	($25.8M)	($25.6M)	($29.2M)
Gain (loss) on investment securities	($16.0M)	$14.4M	$929.0K	($337.0K)
Foreign currency exchange gain (loss)	$1.9M	$3.0M	$27.0K	($9.2M)
Other	($1.4M)	($3.3M)	($1.9M)	$31.3M
Total other income (expense)	($37.7M)	($9.6M)	($23.8M)	($4.6M)
Income (loss) before income taxes	$150.5M	($46.6M)	($83.7M)	($132.9M)
Income tax expense	$72.4M	$9.3M	$11.2M	$29.0M
NET INCOME (LOSS)	$78.2M	($55.9M)	($94.9M)	($161.9M)
Net income attributable to non-controlling interest	$2.5M	$2.7M	$1.8M	$859.0K
NET INCOME (LOSS) ATTRIBUTABLE TO HELMERICH & PAYNE, INC.	$75.7M	($58.6M)	($96.7M)	($162.8M)
Basic (in dollars per share)	$0.74	-$0.59	-$0.98	-$1.64
Diluted (in dollars per share)	$0.74	-$0.59	-$0.98	-$1.64
Basic (in shares)	99.9M	99.9M	99.5M	99.4M
Diluted (in shares)	100.0M	99.9M	99.5M	99.4M

Balance sheet

Helmerich & Payne Inc balance sheet, fiscal years

Line item	Sep 30, 2025 · FY	Sep 30, 2024 · FY	Sep 30, 2023 · FY	Sep 30, 2022 · FY
Cash and cash equivalents	$196.8M	$217.3M	$257.2M	$232.1M
Restricted cash	$27.4M	$68.9M	$59.1M	$36.2M
Short-term investments	$21.5M	$292.9M	$93.6M	$117.1M
Accounts receivable, net of allowance of $19,647 and $2,977, respectively	$782.6M	$418.6M	$404.2M	$458.7M
Inventories of materials and supplies, net	$324.3M	$117.9M	$94.2M	$88.0M
Prepaid expenses and other, net	$97.5M	$76.4M	$97.7M	$66.5M
Assets held-for-sale	$15.2M	$0	$645.0K	$4.3M
Total current assets	$1.5B	$1.2B	$1.0B	$1.0B
Investments, net	$68.2M	$100.6M	$264.9M	$219.0M
Property, plant and equipment, net	$4.3B	$3.0B	$2.9B	$3.0B
Goodwill	$182.9M	$45.7M	$45.7M	$45.7M
Intangible assets, net	$485.5M	$54.1M	$60.6M	$67.2M
Operating lease right-of-use assets	$123.6M	$67.1M	$50.4M	$39.1M
Restricted cash	$1.6M	$1.2B	—	—
Other assets, net	$65.4M	$63.7M	$32.1M	$20.9M
Total other noncurrent assets	$859.0M	$1.5B	$188.7M	$172.8M
Total assets	$6.7B	$5.8B	$4.4B	$4.4B
Accounts payable	$217.9M	$135.1M	$130.9M	$127.0M
Dividends payable	$25.2M	$25.0M	$25.2M	$26.7M
Accrued liabilities	$564.9M	$286.8M	$262.9M	$241.2M
Current portion of long-term debt, net	$6.9M	—	—	$0
Total current liabilities	$814.8M	$446.9M	$418.9M	$394.8M
Long-term debt, net	$2.1B	$1.8B	$545.1M	$542.6M
Deferred income taxes	$624.0M	$495.5M	$517.8M	$537.7M
Retirement benefit obligation	$109.9M	—	—	—
Other	$270.6M	$140.1M	$128.1M	$113.4M
Total noncurrent liabilities	$3.1B	$2.4B	$1.2B	$1.2B
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	11.2M	11.2M
Preferred stock, no par value, 1,000,000 shares authorized, no shares issued	0	0	0	0
Additional paid-in capital	$513.0M	$518.1M	$525.4M	$528.3M
Retained earnings	$2.6B	$2.9B	$2.7B	$2.5B
Accumulated other comprehensive income (loss)	$45.0M	($6.3M)	($8.0M)	($12.1M)
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	-464.4M	-235.5M
Non-controlling interest	$104.5M	—	—	—
Total shareholders’ equity	$2.8B	$2.9B	$2.8B	$2.8B
Total liabilities and shareholders' equity	$6.7B	$5.8B	$4.4B	$4.4B

Helmerich & Payne Inc balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Jun 30, 2025
Cash and cash equivalents	$204.4M	$177.2M	$247.2M	$166.1M
Restricted cash	$33.6M	$25.5M	$30.9M	$59.4M
Short-term investments	$27.0M	$22.0M	$21.8M	$21.3M
Accounts receivable, net of allowance of $21,162 and $19,647, respectively	$869.5M	$810.6M	$726.8M	$782.6M
Inventories of materials and supplies, net	$325.8M	$330.5M	$324.8M	$330.0M
Prepaid expenses and other, net	$97.6M	$82.4M	$85.0M	$116.9M
Assets held-for-sale	$12.7M	$24.5M	$25.8M	$14.2M
Total current assets	$1.6B	$1.5B	$1.5B	$1.5B
Investments, net	$72.9M	$85.6M	$70.5M	$102.4M
Property, plant and equipment, net	$3.9B	$4.0B	$4.1B	$4.4B
Goodwill	$182.4M	$183.8M	$182.6M	$166.6M
Intangible assets, net	$423.6M	$444.1M	$463.1M	$493.8M
Operating lease right-of-use assets	$109.3M	$111.8M	$117.3M	$120.2M
Other assets, net	$62.8M	$61.1M	$61.8M	$78.7M
Total other noncurrent assets	$778.1M	$800.8M	$826.1M	$860.9M
Total assets	$6.3B	$6.3B	$6.5B	$6.9B
Accounts payable	$207.4M	$177.2M	$188.3M	$240.9M
Dividends payable	$25.4M	$25.4M	$25.4M	$25.2M
Accrued liabilities	$560.9M	$514.4M	$501.3M	$536.8M
Current portion of long-term debt, net	$6.9M	$146.3M	$6.9M	$6.9M
Total current liabilities	$800.5M	$863.3M	$721.9M	$809.8M
Long-term debt, net	$1.9B	$1.9B	$2.0B	$2.2B
Deferred income taxes	$592.4M	$617.9M	$631.1M	$614.6M
Retirement benefit obligations	$98.8M	$99.8M	$104.8M	$119.6M
Other	$269.4M	$269.2M	$272.7M	$266.4M
Total noncurrent liabilities	$2.8B	$2.8B	$3.0B	$3.2B
Common stock, $0.10 par value, 160,000,000 shares authorized, 112,222,865 shares issued as of June 30, 2026 and September 30, 2025, and 99,935,617 and 99,446,577 shares outstanding as of June 30, 2026 and September 30, 2025, respectively	11.2M	11.2M	11.2M	11.2M
Preferred stock, no par value, 1,000,000 shares authorized, no shares issued	0	0	0	0
Additional paid-in capital	$514.2M	$506.5M	$499.9M	$505.7M
Retained earnings	$2.5B	$2.4B	$2.5B	$2.7B
Accumulated other comprehensive income	$30.2M	$43.5M	$42.7M	$9.5M
Treasury stock, at cost,12,287,248 shares and 12,776,288 shares as of June 30, 2026 and September 30, 2025, respectively	-444.6M	-445.3M	-447.8M	-464.1M
Non-controlling interest	$96.3M	$101.1M	$99.3M	$102.8M
Total shareholders’ equity	$2.7B	$2.6B	$2.7B	$2.9B
Total liabilities and shareholders' equity	$6.3B	$6.3B	$6.5B	$6.9B

Cash flow statement

Helmerich & Payne Inc cash flow statement, fiscal years

Line item	Sep 30, 2025 · FY	Sep 30, 2024 · FY	Sep 30, 2023 · FY	Sep 30, 2022 · FY
Net income (loss)	($159.9M)	—	$434.1M	$7.0M
Depreciation and amortization	$625.1M	$397.3M	$382.3M	$403.2M
Asset impairment charges	$194.0M	$0	$12.1M	$4.4M
Amortization of debt discount and debt issuance costs	$6.1M	$10.6M	$1.1M	$1.2M
Stock-based compensation	$31.6M	$31.2M	$32.5M	$28.0M
(Gain) loss on investment securities	$22.4M	($14.0M)	($11.3M)	($57.9M)
Gain on reimbursement of drilling equipment	($33.4M)	($33.3M)	($48.2M)	($29.4M)
Other loss on sale of assets	$1.5M	$5.1M	$8.0M	($5.4M)
Deferred income tax benefit	($78.7M)	($23.2M)	($20.4M)	($28.5M)
Other	$14.0M	$5.1M	$9.0M	$6.5M
Accounts receivable	($48.6M)	($10.7M)	$56.3M	($235.6M)
Inventories of materials and supplies	($26.9M)	($20.8M)	($7.8M)	($5.2M)
Prepaid expenses and other	$41.5M	$3.4M	($1.8M)	$6.2M
Other noncurrent assets	($11.5M)	($20.7M)	($11.1M)	$2.6M
Accounts payable	($21.3M)	($2.3M)	$4.2M	$53.2M
Accrued liabilities	($74.6M)	$16.8M	($10.1M)	$45.1M
Other noncurrent liabilities	$61.6M	($4.1M)	$5.6M	($22.5M)
Net cash provided by operating activities	$543.0M	$684.7M	$833.7M	$233.9M
Capital expenditures	($426.4M)	($495.1M)	($395.5M)	($250.9M)
Purchase of short-term investments	($117.1M)	($200.7M)	($181.0M)	($165.1M)
Purchase of long-term investments	($3.3M)	($9.1M)	($20.7M)	($51.2M)
Payment for acquisition of business, net of cash acquired	($1.8B)	—	—	—
Proceeds from sale of short-term investments	$378.4M	$204.2M	$195.3M	$244.7M
Proceeds from sale of long-term investments	$32.0M	$0	$0	$22.0M
Insurance proceeds from involuntary conversion	$2.4M	$5.5M	$9.2M	—
Proceeds from asset sales	$45.8M	$46.4M	$70.1M	$62.3M
Other	($1.0M)	($10.0M)	$0	($7.5M)
Net cash used in investing activities	($1.9B)	($458.7M)	($322.6M)	($167.3M)
Dividends paid	($100.7M)	($168.5M)	($201.5M)	($107.4M)
Distributions to non-controlling interests	($15.4M)	—	—	—
Proceeds from debt issuance	$400.0M	$1.2B	$0	$0
Debt issuance costs	($2.6M)	($22.9M)	$0	$0
Payments for employee taxes on net settlement of equity awards	($10.8M)	($12.2M)	($14.4M)	($5.5M)
Payment of contingent consideration from acquisition of business	$0	($6.3M)	($250.0K)	($250.0K)
Payments on unsecured long-term debt	($200.0M)	$0	$0	($487.1M)
Share repurchases	$0	($51.3M)	($247.2M)	($77.0M)
Other	($3.8M)	$0	($540.0K)	($587.0K)
Net cash provided by (used in) financing activities	$66.7M	$986.5M	($463.9M)	($734.3M)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	$13.0M	—	—	—
Net increase (decrease) in cash and cash equivalents and restricted cash	($1.3B)	$1.2B	$47.2M	($667.7M)
Cash and cash equivalents and restricted cash, beginning of period	$1.5B	$316.2M	$269.0M	$936.7M
Cash and cash equivalents and restricted cash, end of period	$225.9M	$1.5B	$316.2M	$269.0M
Interest paid	$82.3M	$15.9M	$17.1M	$18.9M
Income tax paid	$205.6M	$181.3M	$199.1M	—
Income tax received	($201.0K)	($1.2M)	($26.8M)	—

Helmerich & Payne Inc cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · YTD	Dec 31, 2025 · Q1	Jun 30, 2025 · YTD
Net loss	($72.6M)	($150.8M)	($94.9M)	($104.1M)
Depreciation and amortization	$543.6M	$362.7M	$181.9M	$436.2M
Asset impairment charges	$130.3M	$129.2M	$103.1M	$175.1M
Amortization of debt discount and debt issuance costs	$4.2M	$2.5M	$1.3M	$4.8M
Stock-based compensation	$28.0M	$19.7M	$9.3M	$22.8M
(Gain) loss on investment securities	$687.0K	($15.3M)	($929.0K)	($14.1M)
Gain on involuntary conversion	($13.6M)	—	—	—
Gain on reimbursement of drilling equipment	($18.1M)	($12.1M)	($6.1M)	($26.1M)
Other (gain) loss on sale of assets	($119.4M)	$621.0K	$1.9M	$2.1M
Deferred income tax	($29.0M)	($6.0M)	$7.2M	($64.6M)
Other	($5.0M)	($3.7M)	($2.3M)	$5.8M
Accounts receivable	($66.2M)	($28.6M)	$54.5M	$2.3M
Inventories of materials and supplies	$1.1M	($5.5M)	($388.0K)	($17.5M)
Prepaid expenses and other	($900.0K)	$15.9M	$14.2M	($56.8M)
Other noncurrent assets	$4.1M	$5.4M	$3.4M	($14.6M)
Accounts payable	($8.3M)	($44.3M)	($28.5M)	($1.1M)
Accrued liabilities	($947.0K)	($37.0M)	($53.3M)	($72.9M)
Other noncurrent liabilities	($5.4M)	($13.7M)	($7.8M)	$58.7M
Net cash provided by operating activities	$372.7M	$219.0M	$182.4M	$336.0M
Capital expenditures	($200.2M)	($130.4M)	($67.6M)	($362.2M)
Purchase of short-term investments	($49.6M)	($35.2M)	($18.0M)	($111.7M)
Purchase of long-term investments	($2.2M)	($1.0M)	$0	($2.1M)
Payment for acquisition of business, net of cash acquired	$0	$0	—	($1.8B)
Proceeds from sale of short-term investments	$42.5M	$33.2M	$16.6M	$373.0M
Proceeds from sale of long-term investments	$0	—	—	$32.0M
Insurance proceeds from involuntary conversion	$2.5M	$0	$0	$2.4M
Proceeds from asset sales	$35.8M	$21.8M	$11.0M	$34.9M
Proceeds from real estate asset sales	$127.7M	—	—	—
Other	($686.0K)	($686.0K)	($374.0K)	—
Net cash used in investing activities	($44.3M)	($112.3M)	($58.3M)	($1.9B)
Dividends paid	($76.1M)	($50.7M)	($25.2M)	($75.5M)
Distributions to non-controlling interests	($15.0M)	($7.8M)	($7.0M)	($15.4M)
Proceeds from debt issuance	$0	$0	—	$400.0M
Debt issuance costs	$0	$0	$0	($2.6M)
Payments for employee taxes on net settlement of equity awards	($6.4M)	($6.2M)	($5.8M)	($10.8M)
Payments on unsecured long-term debt	($200.0M)	($60.0M)	($30.0M)	($73.0M)
Other	($5.1M)	($3.4M)	($1.7M)	($2.0M)
Net cash provided by (used in) financing activities	($302.6M)	($128.1M)	($69.8M)	$220.7M
Effect of exchange rate changes on cash, cash equivalents and restricted cash	($12.4M)	($471.0K)	($740.0K)	$14.3M
Net increase (decrease) in cash, cash equivalents and restricted cash	$13.4M	($21.9M)	$53.6M	($1.3B)
Cash, cash equivalents and restricted cash, beginning of period	$225.9M	$225.9M	$225.9M	$1.5B
Cash, cash equivalents and restricted cash, end of period	$239.3M	$204.0M	$279.5M	$227.1M
Interest paid	$82.6M	$52.1M	$36.4M	$67.7M
Income tax paid	$78.5M	$46.2M	$17.4M	$164.6M
Payments for operating leases	$25.8M	$17.0M	$7.3M	$41.0M

Helmerich & Payne Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.