Loading…
Helmerich & Payne, Inc.
🏹 Trader: 🚀 Stage 2 + Near High 📈 Stage 2 🎯 Near 52W High | BRS 90 Elite View all →
📈 Stage 2 detected Find the fundamental catalyst → → run Growth Triggers in Ask AI
$4.3B
Market Cap
8.9
P/E
7.07
PEG
0.2%
ROCE
-5.7%
ROE
0.75
D/E
0.1%
OPM
-4.5%
% from 52W High
89
α RS
🔍 HP is showing a high-conviction setup because it matches 4 of 37 tracked screener presets, Sector RRG has Energy in the Leading quadrant with the trail still rolling over, and RS Rating is 89. Net: Broad signal stack, not a recommendation. ? Conviction RRG RS Rating
Sources
Conviction 4/37 · Energy in Leading quadrant · RS Rating 89
⚖️ Compare 🔒 Generate Report 🔒 Research Packet 📚 Guides
🌏 Global Investor Returns
Currency-adjusted total returns for HP including FX impact
🌏
Click 🌏 Returns tab to load data
📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

Helmerich & Payne, Inc., together with its subsidiaries, provides drilling solutions and technologies for oil and gas exploration and production companies.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
Loading…
⭐ Superinvestors Holding HP
View All Superinvestors →
Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 381.1K $13.7M 0.02% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔒
Premium Feature
AI-generated 10-section company profile — business model, financials, strengths, risks & management quality
Upgrade to Premium
Already a member? Log in
📐
3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
Open Model →
🎙 Management Tone Confident Specific ~ Volatile 4 quarters Full tone analysis in Intelligence →
Mixed quarter Investor Presentation One-Pager? Q2 2026
Revenue
$932M
N/A
Net Income
$-59M
N/A
What Went Right
  • NAS averaged 136 rigs, slightly ahead of expectations
  • FlexRobotics first rig performing ahead of expectations; plan to deploy four additional systems
  • Offshore direct margin of $27M came in ahead of the midpoint of guidance
What to Watch
  • Middle East conflict caused $3.5M direct margin hit and rig suspensions in Iraq and Bahrain
  • International Solutions direct margin of $11.5M at low end of guidance range
  • Free cash flow negative in the quarter due to timing of receivables and payables
Management Guidance
  • NAS Q3 direct margin $230M-$240M with 137-143 rigs; full year rig count 138-144
  • International Solutions Q3 direct margin $12M-$32M with 58-68 rigs; expects $45M quarterly run rate but timing uncertain
  • Offshore Q3 direct margin $24M-$28M with 30-35 management contracts
  • Q3 CapEx of $100M-$130M; full year CapEx at high end of $270M-$310M
Investor Lens
The thesis strengthens. North America Solutions appears to have troughed and is set to improve, supported by tight super-spec supply and growing demand. International faces near-term headwinds from the Middle East conflict, but the global portfolio provides diversification. Successful deleveraging and a clear path to 1x leverage target enhance financial flexibility. The long-term outlook for oil and gas demand, driven by energy security, supports multiyear activity growth.
From investor presentation · AI-generated analysis · Not investment advice
🔒
Premium Feature
Investor Presentation One-Pager — quarterly highlights, what went right/wrong & management guidance
Upgrade to Premium
Already a member? Log in
📊 MIXED Q2 FY2026 mixed: $932M revenue, net loss $59M on Middle East disruption
Revenue
Consolidated revenue was $932 million. No year-over-year comparison provided. Segment-level revenue was not disclosed, but NAS, International Solutions, and Offshore contributed to the total.
Profitability
Net loss was $(59) million, or $(0.59) per diluted share, including a $26 million non-cash impairment charge. Adjusted net loss was $(38) million, or $(0.38) per share.
Margins
NAS direct margin was $215 million, or $17,628 per day. International Solutions direct margin was $11.5 million, impacted by $3 million of OpEx reclassification and $3.5 million of conflict-related costs. Offshore direct margin was $27 million, above the midpoint of guidance.
Balance Sheet
Cash and short-term investments were $199 million, total liquidity $1.15 billion. The company retired its $400 million term loan early. Q2 CapEx was $63 million, with Q3 guidance of $100M-$130M. Free cash flow was negative due to working capital timing; ex-working capital it was $74 million.
Key Risks
Management flagged the Middle East conflict as a key risk, with $6 million of expected cost impact in Q3 if the Strait of Hormuz remains closed. Rig suspensions in Iraq (one rig) and Bahrain (two rigs, up to 90 days) continue. Higher cash taxes ($125M-$150M) and elevated CapEx also pressure free cash flow.
Outlook
NAS is expected to improve sequentially in rig count and margins, with Q3 direct margin of $230M-$240M. International aims to reach $45 million quarterly direct margin but timing is uncertain due to Middle East volatility. Offshore remains stable.
Generated by AI · Q2 2026 results · Not investment advice
🔒
Free Account Required

Create a free Finmagine account to access Finmagine™ Scorecard.

See how this company scores across 5 dimensions — Financial Health, Growth Prospects, Competitive Position, Management Quality, and Valuation — powered by 30+ computed ratios.

Create Free AccountLog In
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Ask AI.

Get 25 expert AI analysis templates — Business KPIs, Comprehensive, Forensic Governance, Peer Comparison, Risk-Reward, Full Research Report, IPO Decoder, Red Flag Detector, and more — ready to paste into ChatGPT, Claude, Gemini, or Perplexity.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Peer Comparison.

Compare this company side-by-side against its sector peers with financial metrics, ratio benchmarking, and relative performance across all key dimensions.

Upgrade to PremiumCreate Free Account
✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
🔍
🔎 See cross-company document search → ?
📞 Earnings Call Transcripts (5)
Q3 2026 Q3 2026 2026-08-06
Q3 2026 saw strong financial and operational results, with all segments exceeding guidance and robust free cash flow. North America and Argentina drove growth, while offshore and international operations remained stable. Guidance for Q4 and 2027 is optimistic, supported by high utilization, technology advances, and disciplined capital allocation.
Q2 2026 Q2 2026 2026-05-07
Q2 2026 saw resilient performance amid Middle East disruptions, with $178M adjusted EBITDA and strong operational continuity. NAS and Offshore segments outperformed, guidance for rig count and margins was raised, and deleveraging accelerated after a major asset sale.
Q1 2026 Q1 2026 2026-02-05
Q1 2026 delivered $1B revenue and $230M Adjusted EBITDA, with strong international and offshore performance. Saudi rig reactivations and FlexRobotics technology drive future growth, while deleveraging and portfolio optimization remain priorities.
Q4 2025 Q4 2025 2025-11-18
Fiscal 2025 ended with strong Q4 results, expanded global operations, and improved financials despite industry headwinds. 2026 guidance calls for stable margins, reduced CapEx, and continued deleveraging, with international rig reactivations and technology adoption driving growth.
Q3 2025 Q3 2025 2025-08-07
Q3 2025 delivered strong revenue, EBITDA, and cash flow, with robust North America and international performance. Integration of KCAD is ahead of schedule, cost synergies are materializing, and guidance points to stable margins and moderated CapEx for 2026.
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Catalyst Timeline.

Every result, order win, insider trade, ECS update, earnings-call, and SEC announcement for this company — in one chronological lane.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Full Report.

Read the complete Finmagine™ investment research report — comprehensive fundamental analysis, business model assessment, competitive positioning, and investment recommendation.

Upgrade to PremiumCreate Free Account

📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

🎯
Discover Our Proven Investment Framework Learn how we analyze and rank stocks using advanced quantitative models, multi-dimensional scoring systems, and dynamic discriminatory ranking techniques that have guided successful investment decisions across market cycles.
📊 Explore The Finmagine™ Methodology

A comprehensive, bias-free framework for analyzing and ranking stocks by Financial Strength, Growth Potential, Competitive Edge, Management Quality, and Value.

Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

Not SEC-Registered:
Finmagine is not registered as an investment adviser with the U.S. Securities and Exchange Commission (SEC) or any state securities authority. Nothing on this platform constitutes investment advice as defined under the Investment Advisers Act of 1940.

Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

Forward-Looking Statements:
This analysis may contain forward-looking statements, forecasts, or projections that are inherently subject to risks, uncertainties, and assumptions. Actual results may differ materially from those expressed or implied. Finmagine does not undertake any obligation to update such statements in the future.

Limitation of Liability:
The content is provided "as is" without any warranties, express or implied. Finmagine expressly disclaims any liability for errors, omissions, or any losses incurred as a result of reliance on the information provided. Readers assume full responsibility for their investment decisions.