Helmerich & Payne, Inc. income statement
In fiscal 2025, Helmerich & Payne, Inc. reported revenue of $3.75bn, up 35.9% on the year before, operating income of $3.3m (a 0.1% margin) and net income of −$164m, or −$1.66 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Sept 2009 | 2010Sept 2010 | 2011Sept 2011 | 2012Sept 2012 | 2013Sept 2013 | 2014Sept 2014 | 2015Sept 2015 | 2016Sept 2016 | 2017Sept 2017 | 2018Sept 2018 | 2019Sept 2019 | 2020Sept 2020 | 2021Sept 2021 | 2022Sept 2022 | 2023Sept 2023 | 2024Sept 2024 | 2025Sept 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Research and development | 10 | 12 | 16 | 16 | 15 | 16 | 16 | 10 | 12 | 18 | 27 | 22 | 22 | 27 | 30 | 41 | 34 | 27 |
| Selling, general and administrative | — | — | — | — | — | — | — | 146 | 148 | 199 | 194 | 168 | 172 | 182 | 207 | 245 | 287 | 285 |
| General and administrative | 59 | 81 | 91 | 107 | 126 | 135 | 135 | — | — | — | — | — | — | — | — | — | — | — |
| Operating income | 609 | 452 | 703 | 910 | 957 | 1,053 | 672 | −26 | −169 | 33 | 21 | −620 | −429 | 45 | 568 | 457 | 3 | 90 |
| Interest expense | 14 | 17 | 17 | 9 | 6 | 5 | 15 | 23 | 20 | 24 | 25 | 24 | 24 | 19 | 17 | 29 | 108 | 104 |
| Income before tax | 598 | 438 | 687 | 903 | 1,114 | 1,095 | 662 | −73 | −185 | 16 | −51 | −636 | −430 | 31 | 593 | 481 | −74 | −42 |
| Income tax | 228 | 152 | 252 | 329 | 393 | 388 | 241 | −20 | −57 | −477 | −19 | −140 | −104 | 24 | 159 | 137 | 86 | 87 |
| 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 |
| Diluted shares (average) | 107m | 107m | 109m | 108m | 108m | 109m | 109m | 108m | 109m | 109m | 109m | 108m | 108m | 107m | 103m | 99m | 99m | 100m |
| EBITDA | 836 | 714 | 1,018 | 1,297 | 1,412 | 1,577 | 1,280 | 573 | 416 | 617 | 583 | −138 | −9 | 448 | 951 | 855 | 628 | 822 |
| Quarter | 2024 Q4Sept 2024 | 2025 Q1Dec 2024 | 2025 Q2Mar 2025 | 2025 Q3Jun 2025 | 2025 Q4Sept 2025 | 2026 Q1Dec 2025 | 2026 Q2Mar 2026 | 2026 Q3Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 694 | 677 | 1,016 | 1,041 | 1,012 | 1,017 | 932 | 1,035 |
| Research and development | 9 | 9 | 9 | 8 | 8 | 7 | 7 | 6 |
| Selling, general and administrative | 67 | 63 | 81 | 66 | 78 | 70 | 71 | 66 |
| Operating income | 108 | 91 | 42 | −128 | −1 | −60 | −37 | 188 |
| Interest expense | 16 | 22 | 28 | 29 | 28 | 26 | 26 | 24 |
| Income before tax | 116 | 76 | 44 | −133 | −62 | −84 | −47 | 151 |
| Income tax | 41 | 22 | 41 | 29 | −6 | 11 | 9 | 72 |
| Net income | 75 | 55 | 2 | −163 | −57 | −97 | −59 | 76 |
| Diluted EPS | $0.76 | $0.54 | $0.01 | −$1.64 | −$0.58 | −$0.98 | −$0.59 | $0.74 |
| EBITDA | 209 | 190 | 200 | 51 | 187 | 122 | 144 | 369 |
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