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Helmerich & Payne (HP) earnings and revenue breakdown

Latest: Q3 FY26 · 10-Q filed Aug 6, 2026 · Helmerich & Payne (HP) Q3 FY26 earnings results →

Q3 FY26 Revenue down 1% year over year to $1.0B · 7¢ of every $1 of revenue kept as net profit · operating margin 18.2%

Helmerich & Payne made $1.0B in Q3 FY26 (-0.6% Y/Y). Operating margin 18.2%, net earnings $75.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 6, 2026.

Revenue$1.0B
Year over year-0.6%
Operating margin18.2%
Net earnings$75.7M
Operating cash flow$154M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $1.0B in Q3 FY26, down 1% year over year and up 11% from the previous quarter.

Operating profit was $0.19B, a 18.2% margin (up 30.5 points year over year). Total costs fell 28% while revenue fell 1%. Net earnings were $0.08B. The effective tax rate was 48.1%.

Operating cash flow was $0.15B (up 26% year over year), 197% of net income including minority interests. Non-cash charges added back $0.18B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.11B. Capital expenditures of $0.07B left free cash flow of $0.08B.

Quarterly history

Helmerich & Payne revenue by quarterHelmerich & Payne revenue by quarter$694MQ4 FY24$1.0BQ2 FY25$1.0BQ3 FY25$1.0BQ4 FY25$1.0BQ1 FY26$932MQ2 FY26$1.0BQ3 FY26
Helmerich & Payne net earnings by quarterHelmerich & Payne net earnings by quarter$75.5MQ4 FY24$1.7MQ2 FY25−$162MQ3 FY25−$55.8MQ4 FY25−$94.9MQ1 FY26−$55.9MQ2 FY26$75.7MQ3 FY26
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 FY2610-QAug 6, 2026$1.0B-0.6%18.2%$75.7M$154M
Q2 FY2610-QMay 7, 2026$932M-8%-4.0%−$55.9M$36.6M
Q1 FY2610-QFeb 5, 2026$1.0B+50%-5.9%−$94.9M$182M
Q4 FY2510-KNov 21, 2025$1.0B+46%-0.1%−$55.8M$207M
Q3 FY2510-QAug 11, 2025$1.0B+49%-12.3%−$162M$122M
Q2 FY2510-QMay 9, 2025$1.0B+48%4.1%$1.7M$56.0M
Q4 FY2410-KNov 13, 2024$694M+5%15.5%$75.5M$169M

Charts

Helmerich & Payne: revenue growth, year over year and quarter over quarterHelmerich & Payne: revenue growth, year over year and quarter over quarterY/YQ/Q+5%Q4 FY24+48%+46%Q2 FY25+49%+2%Q3 FY25+46%-3%Q4 FY25+50%+1%Q1 FY26-8%-8%Q2 FY26-1%+11%Q3 FY26
Latest (Q3 FY26): Y/Y -1%, Q/Q +11%.
Helmerich & Payne: where the cash came from (+) and went (−), TTM to Q3 FY26Helmerich & Payne: where the cash came from (+) and went (−), TTM to Q3 FY26Operating cash flow$580MOther financing−$334MCapital spending−$264MOther investing$164MDividends−$101MPartners−$15.0MExchange rates−$13.7MCash drawn (+) / kept (−)−$12.2MTaxes on employees’ shares−$6.5MAcquisitions$2.8M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Helmerich & Payne: profit against cash, quarter by quarterHelmerich & Payne: profit against cash, quarter by quarterNet incomeOperating cash flow$75.5M$169MQ4 FY24$54.8M$158MQ1 FY25$3.0M$56.0MQ2 FY25−$162M$122MQ3 FY25−$55.8M$207MQ4 FY25−$94.9M$182MQ1 FY26−$55.9M$36.6MQ2 FY26$78.2M$154MQ3 FY26
Latest (Q3 FY26): Net income $78.2M, Operating cash flow $154M.
Helmerich & Payne: diluted shares by fiscal yearHelmerich & Payne: diluted shares by fiscal year108MFY20108MFY21107MFY22103MFY2399MFY2499MFY25
-8.1% since FY20: buybacks shrank the count.
Helmerich & Payne: long-term debt falling due (FY25)Helmerich & Payne: long-term debt falling due (FY25)$6.9M2026$207M2027$357M2028$8.6M2029$361M2030$1.1BLater
Cash $197M, short-term investments $21.5M, long-term debt $2.1B at 2025-09-30.
Helmerich & Payne in its industry: growth against margin (8 companies, SIC 1381)Helmerich & Payne in its industry: growth against margin (8 companies, SIC 1381)revenue growth, year over year →↑ operating marginmedian +7%median 15%PTENRIGNBRNEVALSDRLHPKHP (-1%, 18%)
Drilling Oil & Gas Wells; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Helmerich & Payne

Founded in 1920, Helmerich & Payne, Inc. (H&P) (NYSE: HP) is committed to delivering industry leading levels of drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for its customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies. For more information, see H&P online at www.hpinc.com

In its own words, from its 8-K, filed Oct 7, 2026.

Helmerich & Payne against its Drilling Oil & Gas Wells peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -0.6% against the peers' median +7%. Operating margin: 18.2% against the peers' median 15.3%.

CompanyQuarterRevenueY/YOp. margin
HP Helmerich & PayneQ3 FY26$1.0B-0.6%18.2%
PTEN Patterson UTI EnergyQ3 2026$1.3B+14%4.7%
RIG TransoceanQ3 2026$937M-9%15.3%
NBR Nabors IndustriesQ3 2026$872M+7%15.7%
NE NobleQ3 2026$729M-9%8.2%
VAL ValarisQ3 2026$594M-0.4%13.7%
SDRL SeadrillQ3 2026$428M+18%10.3%
HPK HighPeak EnergyQ2 2026$272M+26%29.5%

Source: Helmerich & Payne 10-Q on SEC EDGAR · CIK 46765 · Drilling Oil & Gas Wells

13F: who owns HP and who is buying

Largest holders of HP (13F)Largest holders of HP (13F)BlackRock$513MVanguard Group$309MState Farm Mutual Automobile Insu…$257MVanguard Portfolio Management LLC$202MDimensional Fund Advisors LP$193MState Street$148MVanguard Capital Management LLC$136MAmerican Century Companies$126MInvesco$123MGeode Capital Management, LLC$93.4M
Funds' net buying of HP by quarter (13F)Funds' net buying of HP by quarter (13F)−$9.3M2024-09$19.4M2024-12−$70.3M2025-03−$24.0M2025-06−$694K2025-09$30.8M2025-12$171M2026-03−$34.9M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on HP

History

Every quarter: Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results · Q4 FY24 results

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