HP on NYSE

Helmerich & Payne

American petroleum drilling company

Helmerich & Payne, Inc. ( HELM-rik) is an American petroleum contract drilling company engaged in oil and gas well drilling and related services for exploration and production companies headquartered in Tulsa, Oklahoma, with operations throughout the world.3 From Wikipedia, CC BY-SA 4.0

$37.73 down 0.86 (2.24%)Price as of Oct 15, 2026 at 17:33 UTC

Last updated Oct 18, 2026.

Overview

$3.7BRevenue, fiscal 20255
-$163.7MNet income, fiscal 20255
1920Founded1

Compare with Transocean, Noble Corporation or Nabors Industries, or pick any stock.

  • TickerHP on NYSE1
  • IndustryDrilling Oil & Gas Wells1
  • HeadquartersTulsa1
  • Websitewww.hpinc.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address222 N. Detroit Ave., Tulsa, Ok 741206
  • Filer categoryLarge accelerated filer6

See how the biggest companies compare on our leaderboards

Helmerich & Payne Flex Rig drilling the Bakken
Photo: Joshua Doubek, CC BY-SA 3.0, via Wikimedia Commons8

Helmerich & Payne, Inc. ( HELM-rik) is an American petroleum contract drilling company engaged in oil and gas well drilling and related services for exploration and production companies headquartered in Tulsa, Oklahoma, with operations throughout the world. Their FlexRigs, introduced in 1998, have been used extensively in drilling unconventional shale formations, such as the Bakken formation in North Dakota and the Permian Basin and Eagle Ford formation in Texas. H&P is the largest on-shore driller in the United States of America with over 20% of the American land drilling market share and over 40% of the super-spec American land drilling market share.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

0.1%Operating margin5
-4.4%Net margin5
34.0%Revenue growth, 20255
-5.8%Return on equity5
0.73×Debt to equity5
$116.6MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

North America Solutions brought in 64% of the revenue Helmerich & Payne broke down this way in fiscal 2025.

  1. North America Solutions$2.4B564%down 3% from 2024
  2. International Solutions$797.9M522%up 311% from 2024
  3. Offshore Gulfof Mexico$520.4M514%up 390% from 2024
Business segments by year
Business segments202320242025
North America Solutions$2.5B$2.4B$2.4B
International Solutions$212.6M$194.0M$797.9M
Offshore Gulfof Mexico$130.2M$106.2M$520.4M

Regions

United States brought in 66% of the revenue Helmerich & Payne broke down this way in fiscal 2025.

  1. United States$2.5B566%down 3% from 2024
  2. SA$261.7M57%
  3. NO$220.3M56%
  4. OM$179.6M55%
  5. Other Foreign$163.0M54%up 480% from 2024
  6. AR$155.7M54%up 9% from 2024
  7. AZ$129.0M53%
  8. Germany$57.6M52%
  9. CO$36.1M51%up 290% from 2024
  10. BH$30.8M51%up 71% from 2024
  11. KW$30.7M51%
Regions by year
Regions202320242025
United States$2.7B$2.6B$2.5B
SA$0$0$261.7M
NO$0$0$220.3M
OM$0$0$179.6M
Other Foreign$16.3M$28.1M$163.0M
AR$137.4M$142.5M$155.7M
AZ$0$0$129.0M
Germany$0$0$57.6M
CO$46.7M$9.3M$36.1M
BH$15.4M$18.0M$30.8M
KW$0$0$30.7M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin8¢$287.1M
  • Other costs90¢$3.3B
  • Income tax2¢$85.8M

Out of $3.7B in revenue.5 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending79¢$426.4M
  • Dividends paid19¢$100.7M
  • Kept or used elsewhere3¢$15.8M

Out of $543.0M of cash from operations.5

Financial statements

Revenue9101112135$3.7B in 2025+49% since 2018
0$1.0B$2.0B$3.0B$4.0B2018: $2.5B$2.5B20182019: $2.8B$2.8B2019+13%2020: $1.8B$1.8B2020−37%2021: $1.2B$1.2B2021−31%2022: $2.0B$2.0B2022+69%2023: $2.9B$2.9B2023+40%2024: $2.7B$2.7B2024−4%2025: $3.7B$3.7B2025+34%
Operating income9101112135$3.3M in 2025−90% since 2018
-$1.0B-$500.0M0$500.0M$1.0B2018: $33.0M$33.0M20182019: $20.6M$20.6M2019−38%2020: -$620.2M-$620.2M20202021: -$428.5M-$428.5M2021−31%2022: $45.3M$45.3M20222023: $568.3M$568.3M2023+1155%2024: $457.4M$457.4M2024−20%2025: $3.3M$3.3M2025−99%
Net income9101112135-$163.7M in 2025
-$500.0M-$250.0M0$250.0M$500.0M2018: $482.7M$482.7M20182019: -$33.7M-$33.7M20192020: -$494.5M-$494.5M2020+1369%2021: -$326.1M-$326.1M2021−34%2022: $7.0M$7.0M20222023: $434.1M$434.1M2023+6143%2024: $344.2M$344.2M2024−21%2025: -$163.7M-$163.7M2025

Every line of the income statement in the latest annual report, as filed.5

Period ending2025-09-302024-09-302023-09-30
Drilling services$3.7B$2.7B$2.9B
Other$67.4M$10.5M$9.7M
Total operating revenues$3.7B$2.8B$2.9B
Drilling services operating expenses, excluding depreciation and amortization$2.5B$1.6B$1.7B
Other operating expenses$56.0M$4.5M$4.5M
Depreciation and amortization$625.1M$397.3M$382.3M
Research and development$34.1M$41.0M$30.1M
Selling, general and administrative$287.1M$244.9M$206.7M
Acquisition transaction costs$54.7M$15.0M$0
Asset impairment charges$194.0M$0$12.1M
Restructuring charges$12.1M$0$0
Gain on reimbursement of drilling equipment-$33.4M-$33.3M-$48.2M
Other loss on sale of assets$1.5M$5.1M$8.0M
Total operating costs and expenses$3.7B$2.3B$2.3B
OPERATING INCOME$3.3M$457.4M$568.3M
Interest and dividend income$35.2M$41.2M$28.4M
Interest expense-$107.8M-$29.1M-$17.3M
Gain (loss) on investment securities-$22.4M$14.0M$11.3M
Foreign currency exchange loss-$9.7M-$5.5M-$6.4M
Other$27.2M$3.1M$9.1M
Total other income (expense)-$77.4M$23.6M$25.1M
Income (loss) before income taxes-$74.1M$481.0M$593.4M
Income tax expense$85.8M$136.9M$159.3M
NET INCOME (LOSS)-$159.9M$344.2M$434.1M
Net income attributable to non-controlling interest$3.7M$0$0
NET INCOME (LOSS) ATTRIBUTABLE TO HELMERICH & PAYNE, INC.-$163.7M$344.2M$434.1M
Basic (in dollars per share)-$1.66$3.43$4.18
Diluted (in dollars per share)-$1.66$3.43$4.16
Basic (in shares)99.3M shares98.9M shares102.4M shares
Diluted (in shares)99.3M shares99.1M shares102.9M shares

Compare Helmerich & Payne with another company

The story

The company was founded in 1920 as a joint venture between Walt Helmerich II and Bill Payne, who met on an oil rig in South Bend, Texas. The company moved to Tulsa six years later.

After benefiting and growing as a result of shale drilling, as of 2015, the company was losing market share and shrinking in size as lower prices in crude oil led to cuts in use of their oil rigs.

In November, 2018, H&P announced that it had formed H&P Technologies, a new business entity that will focus on the development of new technologies, especially for automation of directional drilling applications that can be used on any oil rig, "...regardless of the drilling or service provider.” H&P also announced that it had acquired Angus Jamieson Consulting (AJC), of Inverness, Scotland, a software-based, training and consultancy company. AJC also provides software and training for clients.

In July 2024, the company announced it would acquire UK-based oil and gas services company, KCA Deutag, for approximately $2 billion in cash.

From Wikipedia’s article on Helmerich & Payne, shared under CC BY-SA 4.0.7

Leadership

Who has led Helmerich & Payne, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Hans Helmerich2003–2014
  2. John W. Lindsay2014–now

President

  1. Hans Helmerich2003–2011
  2. John W. Lindsay2012–2025
  3. Todd Willard Benson2019–2020
  4. Raymond John Adams Iii.2025–now

Chief financial officer

  1. Douglas E. Fears2003–2008
  2. Juan Pablo Tardio2010–2018
  3. J. Kevin Vann2024–2026
  4. Todd N. Scruggs2026–now

Chief operating officer

  1. John W. Lindsay2010–2014
197019801990200020102020
Board members and other officers (33)

Former names

  • HELMERICH & PAYNE INCJan 26, 1994 to Aug 7, 20156

Timeline

  1. Mar 27, 2014New chief executive John W. Lindsay becomes CEO17
  2. Dec 4, 2003New chief executive Hans Helmerich becomes CEO18
  3. 1920Founded Founded1

Recent filings

  1. Oct 9, 20264
  2. Oct 7, 20268-K
  3. Sep 22, 20268-K
  4. Sep 16, 20268-K
  5. Sep 2, 20264
  6. Sep 1, 2026144
  7. Aug 24, 20264
  8. Aug 20, 2026144
  9. Aug 18, 20264
  10. Aug 18, 20264
  11. Aug 17, 2026144
  12. Aug 14, 2026144
  13. Aug 13, 20264/A
  14. Aug 12, 20264
  15. Aug 10, 2026144

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
    Yahoo FinanceHP quote
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56