Filing Flows › Helmerich & Payne (HP) › Q1 FY26
Helmerich & Payne (HP) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 5, 2026
Helmerich & Payne (HP) reported revenue of $1.0B for the first quarter fiscal 2026 (Q1 FY26), +50% from a year earlier and +0.5% from the quarter before. Operating margin was -5.9%, net loss $94.9M (9.3% of revenue).
Helmerich & Payne, Q1 FY26: revenue $1.0B (+50% year over year), operating margin -5.9%, net loss $94.9M, operating cash flow $182M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | +0.5% | +50% |
| Operating profit | −$59.9M | — | — |
| Net earnings | −$94.9M | — | — |
| Operating cash flow | $182M | -12% | +15% |
| Free cash flow | $115M | -20% | +121% |
What changed
Revenue was $1.0B in Q1 FY26, up 50% year over year and up 1% from the previous quarter.
Operating costs exceeded revenue by $0.06B, an operating margin of -5.9%. Total costs grew 84% against revenue growth of 50%. The fastest-growing cost line was Other operating costs (+208%). The quarter ended with a net loss of $0.09B, wider than the previous quarter's $0.06B loss.
Operating cash flow was $0.18B (up 15% year over year). Non-cash charges added back $0.18B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.09B. Capital expenditures of $0.07B left free cash flow of $0.11B.
Questions
What was Helmerich & Payne's revenue in the first quarter fiscal 2026?
Helmerich & Payne (HP) reported revenue of $1.0B for the first quarter fiscal 2026 (Q1 FY26), +50% from a year earlier and +0.5% from the quarter before.
Was Helmerich & Payne profitable in the first quarter fiscal 2026?
Operating loss was $59.9M (-5.9% of revenue) and net loss $94.9M.
Source: Helmerich & Payne 10-Q on SEC EDGAR.