Helmerich & Payne, Inc. (HP) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 932.36M | 1.02B | 1.01B | 1.04B | 1.02B | 677.3M | 693.79M | 697.72M | 687.94M | 677.15M | 659.61M | 723.96M | 769.22M | 719.64M | 631.33M | 550.23M | 467.6M | 409.78M | 343.81M | 332.21M |
| Revenue Growth % | -8.24% | 50.16% | 45.83% | 49.19% | 47.69% | 0.02% | 5.18% | -3.62% | -10.57% | -5.9% | 4.48% | 31.57% | 64.51% | 75.61% | 83.63% | 65.63% | 57.88% | 66.32% | 65.08% | 4.68% |
| Cost of Goods Sold | 866.71M | 895.96M | 903.79M | 883.72M | 859.31M | 510.94M | 509.04M | 513.89M | 505.85M | 497.29M | 503.15M | 523.99M | 545.37M | 525.83M | 509.85M | 476.8M | 446.28M | 402.27M | 360.9M | 362.14M |
| COGS % of Revenue | 92.96% | 88.1% | 89.33% | 84.9% | 84.57% | 75.44% | 73.37% | 73.65% | 73.53% | 73.44% | 76.28% | 72.38% | 70.9% | 73.07% | 80.76% | 86.65% | 95.44% | 98.17% | 104.97% | 109.01% |
| Gross Profit | 65.65M | 121.07M | 107.96M | 157.21M | 156.72M | 166.37M | 184.76M | 183.84M | 182.1M | 179.85M | 156.46M | 199.96M | 223.86M | 193.81M | 121.49M | 73.43M | 21.32M | 7.51M | -17.1M | -29.93M |
| Gross Margin % | 7.04% | 11.9% | 10.67% | 15.1% | 15.43% | 24.56% | 26.63% | 26.35% | 26.47% | 26.56% | 23.72% | 27.62% | 29.1% | 26.93% | 19.24% | 13.35% | 4.56% | 1.83% | -4.97% | -9.01% |
| Gross Profit Growth % | -58.11% | -27.23% | -41.57% | -14.48% | -13.93% | -7.5% | 18.09% | -8.06% | -18.65% | -7.2% | 28.79% | 172.32% | 949.99% | 2480.28% | 810.62% | 345.32% | 148.2% | 112.05% | 73.22% | -837.97% |
| Operating Expenses | 78.1M | 77.09M | 85.21M | 285.48M | 114.56M | 76.38M | 78.21M | 77.42M | 70.93M | 56.38M | 62.74M | 51.22M | 48.65M | 55.39M | 53.8M | 51.44M | 53.44M | 50.24M | 57.02M | 47.33M |
| OpEx % of Revenue | 8.38% | 7.58% | 8.42% | 27.43% | 11.28% | 11.28% | 11.27% | 11.1% | 10.31% | 8.33% | 9.51% | 7.08% | 6.32% | 7.7% | 8.52% | 9.35% | 11.43% | 12.26% | 16.59% | 14.25% |
| Selling, General & Admin | 71.08M | 59.43M | 77.64M | 65.51M | 80.8M | 63.06M | 59.39M | 66.87M | 61.18M | 56.58M | 56.08M | 49.27M | 52.85M | 48.45M | 46.67M | 44.93M | 47.05M | 43.72M | 51.82M | 41.72M |
| SG&A % of Revenue | 7.62% | 5.84% | 7.67% | 6.29% | 7.95% | 9.31% | 8.56% | 9.58% | 8.89% | 8.36% | 8.5% | 6.81% | 6.87% | 6.73% | 7.39% | 8.17% | 10.06% | 10.67% | 15.07% | 12.56% |
| Research & Development | 7.02M | 6.65M | 7.57M | 7.78M | 9.42M | 9.36M | 8.86M | 10.55M | 12.91M | 8.61M | 7.33M | 7.08M | 8.7M | 6.93M | 7.14M | 6.51M | 6.39M | 6.53M | 5.2M | 5.61M |
| R&D % of Revenue | 0.75% | 0.65% | 0.75% | 0.75% | 0.93% | 1.38% | 1.28% | 1.51% | 1.88% | 1.27% | 1.11% | 0.98% | 1.13% | 0.96% | 1.13% | 1.18% | 1.37% | 1.59% | 1.51% | 1.69% |
| Other Operating Expenses | 0 | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 0 | -1000K | -1000K | -663K | -1000K | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -12.45M | 43.98M | 22.75M | -128.27M | 42.16M | 89.98M | 106.55M | 106.41M | 111.17M | 123.47M | 93.72M | 148.74M | 175.21M | 138.42M | 67.68M | 21.98M | -32.12M | -42.73M | -74.12M | -77.26M |
| Operating Margin % | -1.33% | 4.32% | 2.25% | -12.32% | 4.15% | 13.29% | 15.36% | 15.25% | 16.16% | 18.23% | 14.21% | 20.55% | 22.78% | 19.23% | 10.72% | 4% | -6.87% | -10.43% | -21.56% | -23.26% |
| Operating Income Growth % | -129.52% | -51.13% | -78.65% | -220.54% | -62.07% | -27.12% | 13.69% | -28.46% | -36.55% | -10.8% | 38.47% | 576.56% | 645.5% | 423.93% | 191.32% | 128.46% | 63.88% | 60.15% | 27.95% | -80.98% |
| EBITDA | 168.29M | 225.9M | 211.61M | 51.22M | 199.82M | 189.06M | 207.54M | 204.23M | 215.71M | 217.46M | 188.31M | 243.56M | 271.45M | 235.07M | 166.74M | 122.73M | 70.82M | 57.71M | 27.84M | 27.23M |
| EBITDA Margin % | 18.05% | 22.21% | 20.91% | 4.92% | 19.67% | 27.91% | 29.91% | 29.27% | 31.36% | 32.11% | 28.55% | 33.64% | 35.29% | 32.67% | 26.41% | 22.3% | 15.15% | 14.08% | 8.1% | 8.2% |
| EBITDA Growth % | -15.78% | 19.48% | 1.96% | -74.92% | -7.37% | -13.06% | 10.21% | -16.15% | -20.53% | -7.49% | 12.94% | 98.46% | 283.3% | 307.36% | 498.95% | 350.67% | 304.66% | 16129.44% | 314.01% | -59.4% |
| D&A (Non-Cash Add-back) | 180.73M | 181.92M | 188.86M | 179.49M | 157.66M | 99.08M | 100.99M | 97.82M | 104.55M | 93.99M | 94.59M | 94.82M | 96.25M | 96.66M | 99.06M | 100.74M | 102.94M | 100.44M | 101.95M | 104.49M |
| EBIT | -12.45M | -58.12M | -34.1M | -103.71M | 72.79M | 98.72M | 132.48M | 126.72M | 121.29M | 129.63M | 117.95M | 140.28M | 219.41M | 133.9M | 76.89M | 23.58M | 2.44M | -52.78M | -98.76M | -74.4M |
| Net Interest Income | -23.66M | -22.85M | -24.62M | -26.34M | -21.08M | -557K | -4.14M | 7.55M | 2.31M | 6.36M | 3.52M | 6.42M | 816K | 350K | 2.46M | 941K | -991K | -3.52M | -4.07M | -4.44M |
| Interest Income | 2.15M | 2.76M | 3.35M | 2.86M | 7.26M | 21.74M | 11.98M | 11.89M | 6.57M | 10.73M | 7.88M | 10.75M | 5.05M | 4.71M | 6.79M | 5.31M | 3.4M | 2.59M | 2.03M | 1.53M |
| Interest Expense | 25.81M | 25.61M | 27.97M | 29.2M | 28.34M | 22.3M | 16.12M | 4.34M | 4.26M | 4.37M | 4.37M | 4.32M | 4.24M | 4.36M | 4.33M | 4.37M | 4.39M | 6.11M | 6.09M | 5.96M |
| Other Income/Expense | -34.12M | -127.71M | -84.82M | -4.64M | 2.29M | -13.56M | 9.81M | 15.98M | 5.86M | 1.78M | 19.86M | -12.79M | 39.83M | -8.88M | 4.88M | -2.78M | 30.17M | -16.17M | -30.74M | -3.1M |
| Pretax Income | -46.56M | -83.73M | -62.07M | -132.91M | 44.45M | 76.42M | 116.35M | 122.39M | 117.03M | 125.25M | 113.58M | 135.96M | 215.03M | 129.54M | 72.56M | 19.2M | -1.95M | -58.9M | -104.86M | -80.36M |
| Pretax Margin % | -4.99% | -8.23% | -6.14% | -12.77% | 4.37% | 11.28% | 16.77% | 17.54% | 17.01% | 18.5% | 17.22% | 18.78% | 27.95% | 18% | 11.49% | 3.49% | -0.42% | -14.37% | -30.5% | -24.19% |
| Income Tax | 9.3M | 11.2M | -6.26M | 28.99M | 41.46M | 21.65M | 40.88M | 33.7M | 32.19M | 30.08M | 35.09M | 40.66M | 51.13M | 32.4M | 27.53M | 1.73M | 2.67M | -7.57M | -25.32M | -23.66M |
| Effective Tax Rate % | -19.97% | -13.38% | 10.09% | -21.81% | 93.28% | 28.33% | 35.13% | 27.54% | 27.51% | 24.02% | 30.9% | 29.91% | 23.78% | 25.01% | 37.94% | 9.01% | -136.89% | 12.85% | 24.15% | 29.44% |
| Net Income | -58.61M | -97.16M | -57.36M | -162.76M | 1.65M | 54.77M | 75.48M | 88.69M | 84.83M | 95.17M | 77.62M | 95.29M | 164.04M | 96.15M | 45.17M | 17.38M | -5.37M | -51.74M | -79.51M | -55.9M |
| Net Margin % | -6.29% | -9.55% | -5.67% | -15.64% | 0.16% | 8.09% | 10.88% | 12.71% | 12.33% | 14.06% | 11.77% | 13.16% | 21.33% | 13.36% | 7.15% | 3.16% | -1.15% | -12.63% | -23.13% | -16.83% |
| Net Income Growth % | -3643.47% | -277.39% | -176% | -283.52% | -98.05% | -42.45% | -2.76% | -6.93% | -48.29% | -1.02% | 71.85% | 448.17% | 3153.61% | 285.85% | 156.81% | 131.1% | 95.57% | 26.92% | -34.85% | -21.71% |
| Net Income (Continuing) | -55.86M | -94.93M | -55.81M | -161.9M | 2.99M | 54.77M | 75.48M | 88.69M | 84.83M | 95.17M | 78.49M | 95.29M | 164.04M | 97.14M | 45.03M | 17.48M | -4.62M | -51.33M | -79.53M | -56.7M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 507K | 277K | -352K | -31K | 373K | 1000K |
| Minority Interest | 101.08M | 99.27M | 104.55M | 102.77M | 117.29M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.59 | -0.97 | -0.58 | -1.64 | 0.01 | 0.54 | 0.75 | 0.88 | 0.84 | 0.94 | 0.77 | 0.93 | 1.55 | 0.91 | 0.43 | 0.17 | -0.04 | -0.48 | -0.73 | -0.51 |
| EPS Growth % | -4782.54% | -279.63% | -177.33% | -286.36% | -98.5% | -42.55% | -2.6% | -5.38% | -45.81% | 3.3% | 79.07% | 447.06% | 3630.75% | 289.58% | 158.9% | 133.33% | 96.08% | 26.15% | -32.73% | -21.43% |
| EPS (Basic) | -0.59 | -0.97 | -0.58 | -1.64 | 0.01 | 0.55 | 0.75 | 0.89 | 0.85 | 0.95 | 0.77 | 0.93 | 1.56 | 0.91 | 0.43 | 0.17 | -0.05 | -0.48 | -0.73 | -0.52 |
| Diluted Shares Outstanding | 99.88M | 99.27M | 99.44M | 99.38M | 99.38M | 99.16M | 99M | 99.01M | 99.05M | 99.63M | 99.88M | 101.55M | 104.36M | 106.1M | 106.08M | 106.02M | 105.39M | 107.57M | 107.9M | 107.9M |
| Basic Shares Outstanding | 99.88M | 99.27M | 99.44M | 99.36M | 99.36M | 98.87M | 98.75M | 98.75M | 98.77M | 99.14M | 99.43M | 101.16M | 103.97M | 105.25M | 105.29M | 105.29M | 100.4M | 107.57M | 107.9M | 107.65M |
| Dividend Payout Ratio | - | - | - | - | 1530.05% | 45.68% | 55.7% | 47.41% | 49.6% | 44.44% | 62.97% | 52.09% | 31.2% | 53.84% | 59.1% | 153.56% | - | - | - | - |