HPNYSEDrilling Oil & Gas WellsUS GAAP · USD

Helmerich & Payne, Inc.

Helmerich & Payne, Inc. is an oilfield services company that provides performance-driven drilling solutions and related technologies for exploration and production customers. The company’s core business is land drilling, where it operates FlexRig® rigs and drilling services, and it expanded in 2025 through the acquisition of KCA Deutag to add international land and offshore management-contract operations plus manufacturing and engineering capabilities.

Kysy yhtiöstä
Liikevaihto3 746milj. USD
+35,9 %v/v
Liikevoitto (EBIT)3,3milj. USD
−99,3 %v/v
EBIT-marginaali0,1%
−16,5 %-yks.v/v
Nettotulos−164milj. USD
−147,6 %v/v
Vapaa kassavirta117milj. USD
−38,5 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−1 00001 0002 0003 0004 000milj. USD2020: 1 774 milj. USD2020: EBIT −620 milj. USD20202021: 1 219 milj. USD2021: EBIT −429 milj. USD20212022: 2 059 milj. USD2022: EBIT 45 milj. USD20222023: 2 872 milj. USD2023: EBIT 562 milj. USD20232024: 2 757 milj. USD2024: EBIT 457 milj. USD20242025: 3 746 milj. USD2025: EBIT 3,3 milj. USD20253 7463,3
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Helmerich & Payne, Inc.

Liiketoiminta

Osuus liikevaihdosta
North America land drilling55 %

Contract drilling services and rigs for U.S. and Canadian onshore oil and gas wells, especially shale plays.

International land drilling30 %

Land drilling operations outside North America, including Middle East, South America, Europe and Africa.

Offshore solutions10 %

Asset-light offshore management contracts and related platform rig services, mainly in the North Sea and Africa.

Technology services3 %

Software and drilling technologies that improve drilling efficiency, accuracy and wellbore placement.

BENTEC manufacturing and engineering2 %

Manufacturing and engineering products and services for the energy industry through the acquired KCA Deutag unit.

Asiakkaat

H&P sells primarily to oil and gas exploration and production companies that need drilling capacity, rig reliability and operational efficiency. In the U.S., customers are a mix of major, independent, mid-sized and private E&Ps focused on unconventional shale basins; internationally, the customer base includes major international and national oil companies. Offshore solutions also serve customer-owned platforms under management contracts, which makes customer relationships more dependent on long-duration operating performance and contract renewals.

U.S. independent and major E&Ps

Buy land drilling services and FlexRig capacity for shale and unconventional wells; they value efficiency, safety and well quality.

International national and major oil companies

Buy land drilling and offshore services across the Middle East, Europe, Africa and Latin America to support large field development programs.

Offshore platform operators

Buy asset-light management contracts where H&P operates customer-owned rigs and provides drilling execution services.

Private equity-backed E&Ps

Buy flexible drilling capacity for capital-disciplined shale programs and multi-well pad developments.

Strategia

H&P’s strategy is centered on innovation, technology, safety, operational excellence and reliability, with the goal of differentiating its drilling services in a highly competitive market. The KCA Deutag acquisition expands the company beyond U.S. land drilling into international land and offshore markets, improving diversification and creating more contract backlog and earnings visibility. Management also emphasizes disciplined capital allocation, fleet optimization and technology-led rig performance to defend pricing and win long-duration work.

Integrate KCA Deutag and expand international scaleKeskipitkä aikaväli

The acquisition broadens the customer base, geography and service mix, reducing dependence on U.S. land drilling.

Differentiate through rig technology and operational performanceLyhyt aikaväli

Higher-spec rigs and better drilling efficiency support pricing power and customer retention in a competitive market.

Increase earnings visibility through contract backlogKeskipitkä aikaväli

Longer-term and fixed-term contracts help offset commodity-cycle volatility and improve planning.

Maantiede

Q1/2026

H&P remains anchored in North America, but the KCA Deutag acquisition materially broadened its footprint into the Middle East, South America, Europe and Africa. The company now has a more balanced mix of U.S. shale exposure and international land/offshore activity, with Saudi Arabia highlighted as a growth driver in recent periods. Geography matters because drilling demand, pricing and contract structures vary sharply by basin and region, while offshore and international operations add exposure to geopolitical and execution risk.

USA59 %
Other countries (US filing)9,3 %
Norja9,2 %
Saudi Arabia7,0 %
Oman6,8 %
AZ5,0 %
Argentina3,9 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

H&P is exposed to drilling-cycle volatility because demand depends on E&P capital spending, which moves with oil and gas prices and customer budgets. The company also faces integration, geopolitical and cybersecurity risks as it expands internationally and operates more complex systems across land and offshore markets. Competitive pressure, customer concentration and technology obsolescence can also compress margins or reduce rig utilization.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Commodity-cycle demand volatility1Acquisition integration and execution2Customer concentration and contract non-renewal3Cybersecurity and IT disruption4Geopolitical exposure5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Commodity-cycle demand volatilityVaikutus: KorkeaTodennäköisyys: Korkea

    Drilling activity depends on customer capital spending, which is driven by oil and gas prices and can change quickly.

    Kohdistuu: Land drilling and offshore contract utilization

  2. Acquisition integration and executionVaikutus: KorkeaTodennäköisyys: Korkea

    KCA Deutag adds new geographies, operating models and systems, creating integration and synergy risk.

    Kohdistuu: International Solutions and Offshore Solutions

  3. Customer concentration and contract non-renewalVaikutus: KorkeaTodennäköisyys: Kohtalainen

    A small number of customers account for a large share of revenue, so lost contracts can materially affect utilization and pricing.

    Kohdistuu: Top customers and multi-well contracts

  4. Cybersecurity and IT disruptionVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Operational technology and corporate systems are critical to drilling execution and data integrity.

    KohdistuuRigsVendor systemsRemote workProprietary technology
  5. Geopolitical exposureVaikutus: KeskitasoTodennäköisyys: Korkea

    Operations in the Middle East, Africa and other international markets can be affected by conflict, sanctions or local instability.

    KohdistuuSaudi ArabiaNorth SeaAngolaAzerbaijanNorthern Africa
Kysy Clarifolta: Helmerich & Payne, Inc.

Kirjanpito

Harkinnanvaraiset erät
Business combination accounting

The KCA Deutag acquisition requires purchase accounting, fair value estimates and ongoing amortization/impairment judgments.

Vaikutus: Goodwill, intangibles, debt and acquisition-related expenses

Goodwill impairment

The company recorded a non-cash goodwill impairment charge in 2025, showing that reporting unit valuations can change materially.

Vaikutus: Earnings volatility and reduced carrying value of acquired assets

Revenue recognition on drilling contracts

Contract terms vary by fixed-term, well-to-well, mobilization and demobilization provisions, affecting timing of revenue.

Vaikutus: Quarterly revenue comparability and backlog conversion

Deferred taxes and accelerated depreciation

Large rig capital spending has created deferred tax liabilities from temporary differences in depreciation methods.

Vaikutus: Cash tax timing and balance sheet tax balances

Leases and asset utilization

Rig fleets and offshore assets involve lease and utilization assumptions that affect operating costs and balance sheet presentation.

Vaikutus: Operating expense, depreciation and lease liabilities

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Precision Drilling Corporation

PDS · Drilling Oil & Gas Wells

Drilling Tools International Corp

DTI · Oil & Gas Field Machinery & Equipment

W&T Offshore, Inc

WTI · Crude Petroleum & Natural Gas

Nabors Industries Ltd

NBR · Drilling Oil & Gas Wells

EOG Resources, Inc

EOG · Crude Petroleum & Natural Gas

Halliburton Company

HAL · Oil & Gas Field Services, NEC

Päivitetty: 24.9.2026

Helmerich & Payne, Inc. (HP) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo