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The financials
Helmerich & Payne, Inc. by the numbers
Helmerich & Payne, Inc. (HP) reported revenue of $1.03B in Q3 2026 (quarter ended Jun 30, 2026), down 0.6% from the same quarter a year earlier. That came with a gross margin of 34% and net income of $76M (7.3% of revenue). For the full year FY2025, revenue was $3.75B (+36% year on year) and net income −$164M. Its largest region in Q3 2026 was United States at $593M, 57% of the disclosed total, well ahead of Other Foreign at 11%.
| Income statement | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Revenue | $1.03B | $1.04B | −0.6% |
| Gross profit | $350M | $337M | +3.9% |
| Operating income | $188M | −$128M | to a profit |
| Net income | $76M | −$163M | to a profit |
| Diluted EPS | $0.74 | −$1.64 | to a profit |
| Geographic | Revenue | Share |
|---|---|---|
| United States | $593M | 57% |
| Other Foreign | $117M | 11% |
| Norway | $90M | 8.7% |
| Saudi Arabia | $74M | 7.2% |
| Oman | $66M | 6.3% |
| Argentina | $50M | 4.9% |
| Azerbaijan | $45M | 4.3% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Q3 2026Total $1.03B (+11%)
Other Foreign grew +64% year on yearSaudi Arabia -28% year on year
Segment Latestquarter on quarteryear on year
- United States$592.7M$592.7MQoQ +8.2%year on year -10%+8.2%-10%
- Other Foreign$117.3M$117.3MQoQ +35%year on year +64%+35%+64%
- Norway$90.1M$90.1MQoQ +4.7%year on year +8.7%+4.7%+8.7%
- Saudi Arabia$74.3M$74.3MQoQ +13%year on year -28%+13%-28%
- Oman$65.6M$65.6MQoQ +3.8%year on year +46%+3.8%+46%
- Argentina$50.2M$50.2MQoQ +40%year on year +27%+40%+27%
- Azerbaijan$44.8M$44.8MQoQ -4.3%year on year +15%-4.3%+15%
Oil & Gas Drilling
Ranks #6 of 9 by Smart Score