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Helmerich & Payne, Inc. (HP) stock

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NYSE: HP NYSE Oil & Gas Drilling Next results ~November 18, 2026

C Fundamentals grade

Helmerich & Payne, Inc. is a US-listed company in the oil & gas drilling industry. Its financial year ends in September.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 47% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 47% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

Helmerich & Payne, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 4 selling0 purchases and 14 sales by directors and officers, last 12 monthsInsider trades
  • Funds163 adding, 174 cuttingOf 49 active managers that changed their stake, 20 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Helmerich & Payne files

Where Helmerich & Payne stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $4.00bn, up 16.6% on a year earlier, slower than the 29.7% growth a quarter earlier. Free-cash-flow margin rose to 7.9% from 1.1% a year earlier. Against its peers on growth, profitability, cash generation and balance sheet, it grades D. It passes 2 of our 6 financial-health checks.

Our model value for Helmerich & Payne is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 18, 2026 (estimated)

Helmerich & Payne, Inc.'s trailing-twelve-month revenue grew 16.6% year on year, with a free-cash-flow margin of 7.9%. Where it stands out: revenue growth of 16.6% ranks 1 of 6 oil & gas drilling companies we cover. Where it lags: net margin of -3.4% ranks 6 of 6 oil & gas drilling companies we cover.

Our discounted-cash-flow model values the business at ~$59 per share in the base case (~$40–$84 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 762.7% while net income fell 344.0%: a 1107pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 16.6% over the last 12 months, against a median of 1.0% for oil & gas drilling companies we cover.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 9.2% over 90 days.

Things to watch

  • Growth slowing. The growth rate is 13.2 points lower than a quarter earlier.
  • Insiders selling. 4 insiders sold $12M of stock over the past 365 days and none bought (9% under pre-set trading plans).
  • Below peers: net margin. Net margin of -3.4% ranks 6 of 6 oil & gas drilling companies we cover (median 0.1%).
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 29.5% ranks 5 of 6 oil & gas drilling companies we cover (median 26.4%).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 4 of the last four quarters.

Latest results: FY2026 Q3

Filed August 6, 2026
Earnings per share
-$0.11 against an average estimate of $0.10: missed by 210.5%
Revenue
$1.03bn, down 0.6% on a year earlier
Share reaction
+1.5% in the first session after the results on October 7, 2026, against -0.7% for the S&P 500
Guidance given
direct margin $45m (the quarter); net debt to adjusted EBITDA 1 (calendar year-end 2027)
Next report
November 18, 2026; average EPS estimate $0.26

Helmerich & Payne's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-9.7%
  • 1 week-2.4%
  • 1 month+0.7%
  • This year+38.1%
  • 1 year+52.2%
  • 5 years+41.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$4B
Operating margin
2.3%
Net margin
-3.4%
EPS (TTM, diluted)
$-1.37

Growth

Revenue growth
+16.6%
Change in growth rate
−13.2 pts
Share count change
+0.5%

Cash

Free cash flow (TTM)
$315M
FCF margin
7.9%
Stock pay % of revenue
0.9%

Earnings

Last results
October 7, 2026
Next results (est.)
January 6, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Product
  3. Results
  4. Guidance
  5. Leadership
  6. Announcement
  7. Insider trade
  8. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Helmerich & Payne, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 47% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Helmerich & Payne, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.6%: the 10-year Treasury yield (4.9%) plus a beta of 0.81 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$29 ~$23–$34 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$16 ~$11–$22 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$12 ~$11–$14 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Helmerich & Payne, Inc. with Oil & Gas Drilling in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$41.92$34.09$47.00$28.85$11.56$22.55$31.32$37.46$28.29$21.47$38.84
Market value$4.5bn$3.7bn$5.1bn$3.2bn$1.2bn$2.4bn$3.3bn$3.9bn$2.8bn$2.1bn$3.9bn
+ Net debt (− = net cash)−$406m−$21m$216m$139m−$736000$120m$318m$288m$1.6bn$1.9bn$1.7bn
Enterprise value$4.1bn$3.7bn$5.4bn$3.3bn$1.2bn$2.6bn$3.7bn$4.1bn$4.4bn$4.0bn$5.5bn
Multiples
Price / sales 2.8x2.0x2.1x1.1x0.7x2.0x1.6x1.3x1.0x0.6x1.0x
Price / earnings ——10.7x———n/m8.9x8.1x——
Price / free cash flow 9.1x—56.3x7.9x3.1x44.8x—8.8x14.8x18.3x12.3x
EV / EBITDA 7.2x8.8x8.7x5.6x——8.2x4.4x5.1x6.4x6.7x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

53 /100

Moderate moat

How hard Helmerich & Payne's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -1.7% of total assets over 10 years.

  • Durability 10 / 20

    Operating margin has been a median -1.3%; its worst year was -37.6%.

  • Cash conversion 13 / 20

    Free cash flow was positive in 9 of 10 years, at a median 8.1% of revenue.

  • Discipline 19 / 20

    The diluted share count fell 7.5% over five years; stock-based pay has been a median 1.2% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 18, 2026, after the close. Analysts expect revenue of $1.1bn and EPS of $0.26 (range $0.04 to $0.51) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$0.39 −141% $4.1bn +8%
Next $1.52 +491% $4.3bn +6%

Next year's EPS estimate has moved +9.2% in 90 days, across 12 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.10 −$0.11 −210.5%
Mar 2026 −$0.04 −$0.38 −840.4%
Dec 2025 $0.11 −$0.15 −241.9%
Sept 2025 $0.26 −$0.01 −103.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 7, 2026
  • direct margin · International Solutions the quarter about $45m Non-GAAP
    “The performance of our International Solutions segment is particularly notable, as we expect to report direct margins of around $45 million during the quarter.” source
  • net debt to adjusted EBITDA calendar year-end 2027 about 1 Non-GAAP
    “We remain committed to reaching approximately 1x net debt to adjusted EBITDA by calendar year-end 2027 while maintaining our base dividend.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

17 analysts, Oct 2026
Buy847%
Hold741%
Sell212%

Monthly trend

  1. Oct 202644717
  2. Sep 202643716
  3. Aug 202643816
  4. Jul 202643816

Counts of recommendations published by analysts covering Helmerich & Payne, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
9.8%
of tradable shares
Days to cover
5.48
at average volume
Short interest, 1 month
−6%
to September 30, 2026
Held by institutions
—
of shares
Held by insiders
3.8%
of shares
Employees
15,700
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +52.2%

$25.52 on October 31, 2025 to $38.84

ThenNowEffect
Revenue (last 12 months) $3.4bn $4.0bn +16.6%
P/S multiple 0.7x 1.0x +31.2%
Share count 99m 100m −0.5%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +5.7%

$36.75 on November 3, 2023 to $38.84

ThenNowEffect
Revenue (last 12 months) $2.8bn $4.0bn +40.5%
P/S multiple 1.4x 1.0x −28.5%
Share count 105m 100m +5.2%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
HP+6%+115%−23%−8%−6%+38%
Industry peers (median)+33%+89%+30%−32%−3%+56%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
HP58%67%25%42%50%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
HP−38%−34%−38%−31%−58%−27%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 82% from December 13, 2016 to March 19, 2020. Getting back needed a 452% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$25.37 – $47.64
From 52-week high
−18.5%
vs 50-day average
−4.7%
vs 200-day average
+4.7%
Volatility (1 year)
44%
Beta vs S&P 500
0.19

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±6.7%
After a week
4 up, 8 down
typical move ±8.5%
After a month
4 up, 7 down
typical move ±13.4%
Results releasedNext dayS&P 500 next day5 days21 days
October 7, 2026 +1.5% −0.7% −2.6% —
August 5, 2026 +7.5% −0.4% +24.6% +31.3%
May 6, 2026 −11.1% +1.1% −7.9% −9.2%
February 4, 2026 −2.7% −1.7% −3.3% −3.2%
November 17, 2025 −3.7% −1.8% −3.0% +1.6%
August 6, 2025 +2.4% +0.7% +15.0% +31.2%
May 7, 2025 −4.5% +1.1% −2.3% −11.6%
February 5, 2025 −14.9% +0.8% −17.3% −20.8%
November 13, 2024 −6.0% −0.6% −5.8% −6.2%
July 24, 2024 +8.8% −2.8% +7.1% −13.1%
April 24, 2024 −4.4% −0.4% −9.7% −11.4%
January 29, 2024 +12.8% +0.7% +3.1% +8.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Helmerich & Payne, Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Helmerich & Payne, Inc.
$2.5B $3B $3.5B $4B $4.5B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $2.9B Revenue (TTM), FY24 Q1: $2.8B Revenue (TTM), FY24 Q2: $2.7B Revenue (TTM), FY24 Q3: $2.7B Revenue (TTM), FY24 Q4: $2.8B Revenue (TTM), FY25 Q1: $2.8B Revenue (TTM), FY25 Q2: $3.1B Revenue (TTM), FY25 Q3: $3.4B Revenue (TTM), FY25 Q4: $3.7B Revenue (TTM), FY26 Q1: $4.1B Revenue (TTM), FY26 Q2: $4B Revenue (TTM), FY26 Q3: $4B $4B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $2.9B
FY24 Q1 $2.8B
FY24 Q2 $2.7B
FY24 Q3 $2.7B
FY24 Q4 $2.8B
FY25 Q1 $2.8B
FY25 Q2 $3.1B
FY25 Q3 $3.4B
FY25 Q4 $3.7B
FY26 Q1 $4.1B
FY26 Q2 $4B
FY26 Q3 $4B
Revenue growth, TTM YoY Helmerich & Payne, Inc.
-20% 0% 20% 40% 60% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 39.5% Revenue growth, TTM YoY, FY24 Q1: 19.5% Revenue growth, TTM YoY, FY24 Q2: 2.9% Revenue growth, TTM YoY, FY24 Q3: -4.3% Revenue growth, TTM YoY, FY24 Q4: -4.0% Revenue growth, TTM YoY, FY25 Q1: -2.6% Revenue growth, TTM YoY, FY25 Q2: 12.2% Revenue growth, TTM YoY, FY25 Q3: 25.9% Revenue growth, TTM YoY, FY25 Q4: 35.9% Revenue growth, TTM YoY, FY26 Q1: 48.2% Revenue growth, TTM YoY, FY26 Q2: 29.7% Revenue growth, TTM YoY, FY26 Q3: 16.6% 16.6%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 39.5%
FY24 Q1 19.5%
FY24 Q2 2.9%
FY24 Q3 -4.3%
FY24 Q4 -4.0%
FY25 Q1 -2.6%
FY25 Q2 12.2%
FY25 Q3 25.9%
FY25 Q4 35.9%
FY26 Q1 48.2%
FY26 Q2 29.7%
FY26 Q3 16.6%
Operating margin (TTM) Helmerich & Payne, Inc.
-10% 0% 10% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 19.8% Operating margin (TTM), FY24 Q1: 19.3% Operating margin (TTM), FY24 Q2: 17.6% Operating margin (TTM), FY24 Q3: 16.5% Operating margin (TTM), FY24 Q4: 16.5% Operating margin (TTM), FY25 Q1: 15.3% Operating margin (TTM), FY25 Q2: 11.5% Operating margin (TTM), FY25 Q3: 3.3% Operating margin (TTM), FY25 Q4: 0.1% Operating margin (TTM), FY26 Q1: -3.6% Operating margin (TTM), FY26 Q2: -5.7% Operating margin (TTM), FY26 Q3: 2.3% 2.3%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 19.8%
FY24 Q1 19.3%
FY24 Q2 17.6%
FY24 Q3 16.5%
FY24 Q4 16.5%
FY25 Q1 15.3%
FY25 Q2 11.5%
FY25 Q3 3.3%
FY25 Q4 0.1%
FY26 Q1 -3.6%
FY26 Q2 -5.7%
FY26 Q3 2.3%
FCF margin (TTM) Helmerich & Payne, Inc.
0% 5% 10% 15% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 15.3% FCF margin (TTM), FY24 Q1: 13.7% FCF margin (TTM), FY24 Q2: 13.0% FCF margin (TTM), FY24 Q3: 8.4% FCF margin (TTM), FY24 Q4: 6.9% FCF margin (TTM), FY25 Q1: 7.4% FCF margin (TTM), FY25 Q2: 2.4% FCF margin (TTM), FY25 Q3: 1.1% FCF margin (TTM), FY25 Q4: 3.1% FCF margin (TTM), FY26 Q1: 4.4% FCF margin (TTM), FY26 Q2: 6.4% FCF margin (TTM), FY26 Q3: 7.9% 7.9%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 15.3%
FY24 Q1 13.7%
FY24 Q2 13.0%
FY24 Q3 8.4%
FY24 Q4 6.9%
FY25 Q1 7.4%
FY25 Q2 2.4%
FY25 Q3 1.1%
FY25 Q4 3.1%
FY26 Q1 4.4%
FY26 Q2 6.4%
FY26 Q3 7.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Sept 2009 2010 Sept 2010 2011 Sept 2011 2012 Sept 2012 2013 Sept 2013 2014 Sept 2014 2015 Sept 2015 2016 Sept 2016 2017 Sept 2017 2018 Sept 2018 2019 Sept 2019 2020 Sept 2020 2021 Sept 2021 2022 Sept 2022 2023 Sept 2023 2024 Sept 2024 2025 Sept 2025 LTM Jun 2026
Income
Revenue 1,844 1,875 2,544 3,152 3,388 3,716 3,162 1,624 1,805 2,487 2,798 1,774 1,219 2,059 2,872 2,757 3,746 3,996
EBITDA 836 714 1,018 1,297 1,412 1,577 1,280 573 416 617 583 −138 −9 448 951 855 628 822
Operating income 609 452 703 910 957 1,053 672 −26 −169 33 21 −620 −429 45 568 457 3 90
Net income 354 156 434 581 737 707 420 −57 −128 483 −34 −494 −326 7 434 344 −164 −137
Diluted EPS $3.31 $1.45 $3.99 $5.34 $6.79 $6.44 $3.85 −$0.54 −$1.20 $4.37 −$0.34 −$4.60 −$3.04 $0.05 $4.16 $3.43 −$1.66 −$1.37
Growth (year on year)
Revenue −1.4% +1.7% +35.7% +23.9% +7.5% +9.7% −14.9% −48.6% +11.1% +37.8% +12.5% −36.6% −31.3% +69.0% +39.5% −4.0% +35.9% +16.6%
EBITDA +0.1% −14.6% +42.5% +27.4% +8.9% +11.7% −18.8% −55.3% −27.3% +48.1% −5.4% −123.7% — — +112.0% −10.1% −26.5% +26.6%
Operating income −4.9% −25.8% +55.5% +29.5% +5.2% +10.1% −36.2% −103.9% — — — — — — +>999% −19.5% −99.3% −20.0%
Net income −23.4% −55.8% +177.8% +33.8% +26.8% −4.1% −40.5% −113.5% — — −107.0% — — — — −20.7% −147.6% —
Diluted EPS −23.4% −56.2% +175.2% +33.8% +27.2% −5.2% −40.2% −114.0% — — −107.8% — — — — −17.5% −148.4% —
Margins
EBITDA margin 45.4% 38.1% 40.0% 41.2% 41.7% 42.4% 40.5% 35.3% 23.1% 24.8% 20.8% −7.8% −0.7% 21.8% 33.1% 31.0% 16.8% 20.6%
Operating margin 33.0% 24.1% 27.6% 28.9% 28.2% 28.3% 21.3% −1.6% −9.4% 1.3% 0.7% −35.0% −35.2% 2.2% 19.8% 16.6% 0.1% 2.3%
Net margin 19.2% 8.3% 17.1% 18.4% 21.7% 19.0% 13.3% −3.5% −7.1% 19.4% −1.2% −27.9% −26.8% 0.3% 15.1% 12.5% −4.4% −3.4%
Free-cash-flow margin 1.0% 7.1% 11.1% −3.1% 5.6% 4.8% 9.4% 30.6% −1.5% 3.7% 14.2% 22.4% 4.5% −0.8% 15.3% 6.9% 3.1% 7.9%
Cash flow
Cash from operations 896 462 978 1,000 997 1,129 1,429 755 371 558 856 539 136 234 834 685 543 580
Capital spending 877 330 694 1,098 809 952 1,131 257 398 467 458 141 82 251 395 495 426 264
Free cash flow 19 133 283 −97 188 178 297 497 −26 91 397 398 54 −17 438 190 117 315
Stock-based pay 8 16 12 18 23 27 25 24 26 32 34 36 28 28 32 31 32 37
Free cash flow after stock pay 11 117 271 −115 165 151 272 473 −53 60 363 362 26 −45 406 158 85 279
Balance sheet
Cash 96 63 364 96 436 360 729 906 521 284 348 488 918 232 257 217 197 204
Total debt 525 360 350 235 195 80 540 500 500 500 487 487 1,037 550 545 1,800 2,083 1,878
Net debt (negative = net cash) 429 297 −14 139 −241 −280 −189 −406 −21 216 139 −1 120 318 288 1,583 1,886 1,673
Diluted shares 107m 107m 109m 108m 108m 109m 109m 108m 109m 109m 109m 108m 108m 107m 103m 99m 99m 100m
Returned to shareholders
Dividends 21 22 27 30 93 264 298 300 306 308 313 260 109 107 201 168 101 101
Buybacks — — — 78 — — 60 — 0 0 43 29 0 77 247 51 0 —
Total returned 21 22 27 108 93 264 358 300 306 308 356 289 109 184 449 220 101 101

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 6 checks passed · June 30, 2026
What it owns · $6.3bn
Short-term assets $1.6bnLonger-term assets $4.7bn
What it owes, and who funded it · $3.5bn
Short-term liabilities $800mShareholders' equity $2.7bn
  • Short-term assets cover short-term liabilities $1.6bn of assets due within a year against $800m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt $204m of cash against $1.9bn of debt.
  • Debt below 40% of shareholders' equity Debt is 70% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 20% to 70% over five years.
  • A year's operating cash flow covers at least 20% of debt $580m of operating cash flow against $1.9bn of debt.
  • Operating profit covers interest at least five times over Operating income of $90m against $104m of interest.

From Helmerich & Payne, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2025 Q4 TTM
Buybacks (TTM)
$0
Dividends (TTM)
$101M
Returned to shareholders
86%
of free cash flow
Buybacks, last 3 fiscal years
$299M
Diluted share count
+0.5%
year over year
Total shareholder yield
2.6%
dividends 2.6% + buybacks 0.0% of market value
R&D spending
0.7%
of revenue
Sales & admin spending
7.1%
of revenue
Days sales outstanding
73 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in oil & gas drilling
Last 12 months unless stated HP PTEN NE SDRL PDS BORR Median
Revenue, last 12 months $4.0bn $4.8bn $3.0bn $1.5bn $1.3bn $1.0bn $2.3bn
Revenue growth, last 12 months 16.6% 0.0% −13.0% 13.1% −5.0% 1.0% 0.5%
Revenue growth, 3-year average 12.0% 13.0% 5.3% — — — 12.0%
Revenue growth, latest quarter −0.6% 14.1% −8.7% 19.1% — — 6.8%
Operating margin 2.3% 0.9% 12.0% 7.8% 31.5% 31.6% 9.9%
Operating margin, 3-year average 7.3% −4.5% 16.3% −151.2% — <−999% −4.5%
Net margin −3.4% −0.5% 1.8% 0.1% 0.1% 4.4% 0.1%
Cash from operations / revenue 14.5% 16.9% 25.0% −3.4% 22.4% 24.7% 19.7%
Free-cash-flow margin 7.9% 5.5% 3.2% −21.0% 8.1% 16.0% 6.7%
Free-cash-flow margin, 3-year average 5.8% 7.1% 7.6% −32.1% 5.3% <−999% 5.5%
Stock pay / revenue 0.9% 0.7% 1.0% 1.1% — 1.1% 1.0%
Change in share count 0.5% −1.3% −0.8% −2.3% −6.3% 4.0% −1.1%

Median of all 6 companies we cover in oil & gas drilling. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

6 oil & gas drilling companies
Measure Company Peer median Rank
Revenue growth Growth 16.6% 1.0% 1 of 6
Change in growth rate Growth -13.2pp -1.7pp 5 of 6
Operating margin Profitability 2.3% 7.8% 4 of 5
Net margin Profitability -3.4% 0.1% 6 of 6
Free-cash-flow margin Cash generation 7.9% 7.9% 3 of 6
Stock pay as % of revenue Cash generation 0.9% 1.0% 2 of 5
Long-term debt as % of assets Balance sheet 29.5% 26.4% 5 of 6
Change in share count Balance sheet 0.5% -0.8% 5 of 6
Days sales outstanding Balance sheet 73 days 73 days 3 of 5

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to September 30, 2025
Geography
Region Revenue Share YoY
United States $2.5B 66.2% ▼ 3.0%
SA $262M 7.0% —
NO $220M 5.9% —
OM $180M 4.8% —
Other Foreign $163M 4.4% ▲ 480.2%
AR $156M 4.2% ▲ 9.3%
AZ $129M 3.4% —
Germany $57.6M 1.5% —
CO $36.1M 1.0% ▲ 289.6%
BH $30.8M 0.8% ▲ 71.3%
KW $30.7M 0.8% —

From Helmerich & Payne, Inc.'s 10-K filed November 21, 2025, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$3.3B
Institutions reporting
368
Shares held vs prior quarter
▼ 0.8%
Positions opened / closed
42 / 48

Top buyers and sellers, Q2 2026: 163 institutions bought and 174 sold ; the biggest buyer was Alyeska Investment Group, L.P (+1.0M shares) and the biggest seller Goldman Sachs Group Inc (−1.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $513M 15.7M 15.3% ▲ 2.7%
State Farm Mutual Automobile Insurance Co $257M 7.8M 7.7% 0.0%
Vanguard Portfolio Management LLC $202M 6.2M 6.0% ▲ 1.5%
Dimensional Fund Advisors LP $193M 5.9M 5.8% ▲ 3.0%
State Street Corp $148M 4.5M 4.4% ▲ 3.0%
Vanguard Capital Management LLC $136M 4.2M 4.1% ▲ 0.3%
American Century Companies Inc $126M 3.8M 3.8% ▲ 3.8%
Invesco Ltd. $123M 3.7M 3.7% ▲ 15.4%
Geode Capital Management, LLC $93.4M 2.9M 2.8% ▲ 17.3%
Earnest Partners LLC $90M 2.7M 2.7% ▼ 3.2%
Morgan Stanley $83.5M 2.5M 2.5% ▼ 4.2%
Victory Capital Management Inc $71.5M 2.2M 2.1% ▲ 35.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Helmerich & Payne, Inc.'s complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $11.5M 14 trades by 4 insiders · 9% under pre-set plans
Net ▼ $11.5M net selling
Insider Date Trade Shares Price Value
Lennox Michael EVP, WESTERN HEMISPHERE LAND September 1, 2026 Sell pre-set plan 10,000 $45.00 $450,000
Helmerich Hans Director August 20, 2026 Sell 25,000 $43.90 $1.1M
Helmerich Hans Director August 20, 2026 Sell 4,470 $43.90 $196,233
Helmerich Hans Director August 20, 2026 Sell 65,000 $43.90 $2.9M
Hair Cara M. SVP, CORP. SERVICES & CLO August 17, 2026 Sell 11,149 $44.27 $493,566
Momper Sara Marie VP, CAO August 14, 2026 Sell 5,054 $44.28 $223,791
Lennox Michael EVP, WESTERN HEMISPHERE LAND August 10, 2026 Sell pre-set plan 5,000 $40.00 $200,000
Lennox Michael EVP, WESTERN HEMISPHERE LAND July 22, 2026 Sell pre-set plan 5,000 $35.00 $175,000
Lennox Michael EVP, WESTERN HEMISPHERE LAND July 22, 2026 Sell pre-set plan 5,000 $35.00 $175,000
Hair Cara M. SVP, CORP. SERVICES & CLO May 18, 2026 Sell 28,345 $41.45 $1.2M
Hair Cara M. SVP, CORP. SERVICES & CLO March 19, 2026 Sell 58,771 $36.62 $2.2M
Helmerich Hans Director December 19, 2025 Sell 50,000 $28.13 $1.4M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 8 trades and filings

No trades in Helmerich & Payne, Inc. disclosed in the last 12 months; 8 earlier trades on record.

  • Chris Jacobs(R-NY 27):Sale (partial), $1,001 - $15,000, traded December 12, 2022, filed January 20, 2023
  • Chris Jacobs(R-NY 27):Purchase, $1,001 - $15,000, traded November 8, 2022, filed December 12, 2022
  • Ken Buck(R-CO 4):Sale (full), $1,001 - $15,000, traded September 9, 2021, filed October 17, 2021

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 6, 2027 estimated from the company's past filing pattern, not announced

  • October 7, 2026
  • August 5, 2026
  • May 6, 2026
  • February 4, 2026
  • November 17, 2025
  • August 6, 2025

Recent SEC filings

Data status

When each part of this page on Helmerich & Payne, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Helmerich & Payne, Inc. in brief

What does Helmerich & Payne, Inc. do?
Helmerich & Payne, Inc. is a US-listed company in the oil & gas drilling industry. Its financial year ends in September.
What is Helmerich & Payne, Inc.'s stock ticker?
Helmerich & Payne, Inc. trades under the ticker HP on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Helmerich & Payne, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Helmerich & Payne, Inc. reported revenue of $4B, 16.6% higher than a year earlier, according to its SEC filings.
What is Helmerich & Payne, Inc.'s free cash flow?
Helmerich & Payne, Inc.'s free-cash-flow margin is 7.9% of revenue over the trailing twelve months, ranking 3 of the 6 oil & gas drilling companies we cover.
Who are Helmerich & Payne, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., State Farm Mutual Automobile Insurance Co and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Helmerich & Payne, Inc. buying back stock, and does it pay a dividend?
Helmerich & Payne, Inc. spent $0 on share repurchases over the trailing twelve months, and its diluted share count still rose 0.5% over the year.
What is Helmerich & Payne, Inc.'s market cap?
On November 2, 2026, Helmerich & Payne, Inc.'s market capitalisation was about $3.9B and net debt of $1.7B. Market figures come from third-party market data and may be delayed.
Does Helmerich & Payne, Inc. pay a dividend?
Yes: Helmerich & Payne, Inc. paid $101M in dividends over the trailing twelve months, a dividend yield of 2.61%.
How much debt does Helmerich & Payne, Inc. have?
Helmerich & Payne, Inc.'s debt-to-equity ratio is 69.7%, from its latest balance sheet (19.5% five years earlier). The financial health section below sets out its other solvency checks.
Who are Helmerich & Payne, Inc.'s competitors?
In our Oil & Gas Drilling peer group, the companies closest to Helmerich & Payne, Inc. are Patterson UTI Energy Inc, Noble Corp plc, Seadrill Ltd, Precision Drilling Corp and Borr Drilling Ltd. The side-by-side comparison below sets their revenue, margins and growth against Helmerich & Payne, Inc.'s.
Are insiders buying or selling Helmerich & Payne, Inc. stock?
Over the last 12 months, Helmerich & Payne, Inc.'s directors and officers reported 0 open-market purchases and 14 sales on Form 4. The insider trading page charts every trade.
When is Helmerich & Payne, Inc.'s next earnings date?
Around November 18, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Helmerich & Payne, Inc. announces its own schedule.