Helmerich & Payne
Contracts drilling rigs, crews, automation, and offshore management to oil and gas producers.
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Profile
Provides contract drilling rigs, crews, and automation to oil and gas producers in North American and international land markets, plus offshore platform-rig management and BENTEC equipment engineering. Revenue depends chiefly on rig activity, dayrates, and customer capital spending.
Provides contract land drilling rigs, crews, and technology to oil and gas producers through North America Solutions and International Solutions. The FlexRig fleet and automation software support horizontal and directional well execution, while BENTEC designs, manufactures, upgrades, and services drilling equipment.
Offshore Solutions supplies platform-rig equipment and crews and manages customer-owned rigs in U.S. federal waters and markets including the North Sea and Caspian Sea. North America remains the largest business, while the KCA Deutag acquisition added substantial Middle Eastern and other international land operations.
Uses a standardized fleet, remote monitoring, and automation to reduce drilling variability and nonproductive time. Results depend on producer capital spending, rig utilization, dayrates, and reliable field execution; fixed costs do not fall in step with idle capacity, and customer contracts can permit early termination or suspension.
Company facts
Key statistics
Year to date +42.2% · Average volume (30d) 1.2M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 20, 2026 | Morgan Stanley | Reiterate | Underweight | $36 | $41 |
| Aug 10, 2026 | Barclays | Reiterate | Overweight | $39 | $50 |
| Jul 15, 2026 | Morgan Stanley | Reiterate | Underweight | $39 | $36 |
| Jun 3, 2026 | Goldman Sachs | Target | $32 | $41 | |
| May 18, 2026 | Piper Sandler | Reiterate | Overweight | $41 | $43 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q3 FY26 | $0.09 | −$0.11 | −216.1% | $987.7M | $1.03B | +4.8% | +11.39% |
| May 6, 2026Q2 FY26 | −$0.06 | −$0.38 | −533.3% | $945.6M | $932.4M | −1.4% | −7.36% |
| Feb 4, 2026Q1 FY26 | $0.12 | −$0.15 | −225.0% | $989.3M | $1.02B | +2.8% | −5.16% |
| Nov 17, 2025Q4 FY25 | $0.23 | −$0.01 | −104.3% | $972.9M | $1.01B | +4.0% | −3.80% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.02B | $1.04B | $1.01B | $1.02B | $932.4M | $1.03B | |
| Gross profit | $156.7M | $157.2M | $108.0M | $121.1M | $65.6M | $124.5M | |
| Operating income | $42.2M | −$128.3M | $22.7M | $44.0M | −$12.4M | $188.2M | |
| Net income | $1.7M | −$162.8M | −$57.4M | −$97.2M | −$58.6M | $75.7M | |
| Diluted EPS | $0.01 | −$1.64 | −$0.58 | −$0.97 | −$0.59 | $0.74 | |
| Gross margin | 15.4% | 15.1% | 10.7% | 11.9% | 7.0% | 12.0% | |
| Operating margin | 4.1% | -12.3% | 2.2% | 4.3% | -1.3% | 18.2% |
Fiscal years (4-quarter sums)FY21 $1.22B · FY22 $2.06B · FY23 $2.87B · FY24 $2.76B · FY25 $3.75B
Revenue by product · Q3 FY26
Revenue by geography · Q3 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $231.4M · Total debt $1.86B · Total assets $6.29B · Shareholders' equity $2.57B
Dividends
To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 18, 2026 | Aug 18 | Sep 1 | $0.25 | |
| May 18, 2026 | May 18 | Jun 1 | $0.25 | |
| Feb 13, 2026 | Feb 13 | Feb 27 | $0.25 | |
| Nov 18, 2025 | Nov 18 | Dec 2 | $0.25 | |
| Aug 15, 2025 | Aug 15 | Aug 29 | $0.25 | |
| May 15, 2025 | May 15 | May 30 | $0.25 | |
| Feb 14, 2025 | Feb 14 | Feb 28 | $0.25 | |
| Nov 18, 2024 | Nov 18 | Dec 2 | $0.25 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 99.93M · Float 95.90M · 96.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 15.68M | 15.69% | 13F | Aug 7, 2026 |
| State Farm Mutual Automobile Insurance Co | 7.84M | 7.85% | 13F | Aug 12, 2026 |
| Vanguard Portfolio Management LLC | 6.18M | 6.18% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 5.91M | 5.91% | 13F | Aug 11, 2026 |
| State Street Corp | 4.52M | 4.53% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 20, 2026 | Hans Helmerich | director | −94,470 | $43.90 |
| Aug 14, 2026 | Sara Marie Momper | officer: VP, CAO | −5,054 | $44.28 |
| Aug 17, 2026 | Cara M. Hair | officer: SVP, CORP. SERVICES & CLO | −11,149 | $44.27 |
| Aug 10, 2026 | Michael Lennox | officer: EVP, WESTERN HEMISPHERE LAND | −5,000 | $40.00 |
| Jul 22, 2026 | Michael Lennox | officer: EVP, WESTERN HEMISPHERE LAND | −5,000 | $35.00 |
Peers
- Patterson-UTI Energy
Major U.S. super-spec land-drilling rival
- Nabors Industries
Broad overlap in U.S., international, offshore, and rig tech
- Precision Drilling
North American and Middle East land-drilling peer
- Element Solutions
Smaller but relevant U.S. and Canadian drilling competitor
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Helmerich & Payne | $42.55 | −0.05% | $4.25B | — | 31.6 | 1.1 | −0.6% |
| Patterson-UTI Energy | $12.42 | −0.11% | $4.72B | — | 73.3 | 1.0 | +0.7% |
| Nabors Industries | $91.71 | +0.04% | $1.36B | 6.8 | 50.3 | 0.4 | −2.2% |
| Precision Drilling | $90.15 | +0.07% | $1.16B | — | 13.0 | 0.8 | +6.8% |
| Element Solutions | $35.42 | +1.43% | $8.51B | 47.5 | 18.0 | 2.7 | +56.4% |
| Median | 27.2 | 34.1 | 0.9 | +3.8% |