UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| OPERATING REVENUES | ||||
| Drilling services | $ 986,882 | $ 1,037,876 | $ 2,874,433 | $ 2,724,883 |
| Other | 47,974 | 3,048 | 109,811 | 9,382 |
| Total operating revenues | 1,034,856 | 1,040,924 | 2,984,244 | 2,734,265 |
| OPERATING COSTS AND EXPENSES | ||||
| Drilling services operating expenses, excluding depreciation and amortization | 684,913 | 704,224 | 2,028,873 | 1,816,797 |
| Other operating expenses | 44,489 | 31,059 | 100,548 | 35,700 |
| Depreciation and amortization | 180,960 | 179,491 | 543,613 | 436,228 |
| Research and development | 5,909 | 7,777 | 19,571 | 26,558 |
| Selling, general and administrative | 65,849 | 65,506 | 207,373 | 209,407 |
| Acquisition transaction and integration costs | 1,671 | 8,623 | 7,814 | 49,025 |
| Asset impairment charges | 1,153 | 173,258 | 130,340 | 175,102 |
| Restructuring charges | 1,362 | 4,681 | 5,835 | 4,681 |
| Gain on involuntary conversion | (13,581) | 0 | (13,581) | 0 |
| Gain on reimbursement of drilling equipment | (6,036) | (6,773) | (18,099) | (26,149) |
| Other (gain) loss on sale of assets | (120,044) | 1,347 | (119,423) | 2,136 |
| Total operating costs and expenses | 846,645 | 1,169,193 | 2,892,864 | 2,729,485 |
| OPERATING INCOME (LOSS) | 188,211 | (128,269) | 91,380 | 4,780 |
| Other income (expense) | ||||
| Interest and dividend income | 2,280 | 2,856 | 7,193 | 31,854 |
| Interest expense | (24,439) | (29,200) | (75,860) | (79,836) |
| Gain (loss) on investment securities | (16,007) | (337) | (687) | 14,084 |
| Foreign currency exchange gain (loss) | 1,885 | (9,216) | 4,864 | (16,137) |
| Other | (1,411) | 31,258 | (6,664) | 33,214 |
| Total other income (expense) | (37,692) | (4,639) | (71,154) | (16,821) |
| Income (loss) before income taxes | 150,519 | (132,908) | 20,226 | (12,041) |
| Income tax expense | 72,362 | 28,991 | 92,861 | 92,100 |
| NET INCOME (LOSS) | 78,157 | (161,899) | (72,635) | (104,141) |
| Net income attributable to non-controlling interest | 2,475 | 859 | 6,998 | 2,191 |
| NET INCOME (LOSS) ATTRIBUTABLE TO HELMERICH & PAYNE, INC. | $ 75,682 | $ (162,758) | $ (79,633) | $ (106,332) |
| Earnings (loss) per share attributable to Helmerich & Payne, Inc.: | ||||
| Basic (in dollars per share) | $ 0.74 | $ (1.64) | $ (0.81) | $ (1.08) |
| Diluted (in dollars per share) | $ 0.74 | $ (1.64) | $ (0.81) | $ (1.08) |
| Weighted average shares outstanding: | ||||
| Basic (in shares) | 99,931 | 99,422 | 99,783 | 99,214 |
| Diluted (in shares) | 100,030 | 99,422 | 99,783 | 99,214 |
| X | ||||||||||
- Definition Gain (Loss) On Involuntary Conversion No definition available.
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| X | ||||||||||
- Definition Gain (Loss) on Reimbursement of Drilling Equipment No definition available.
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| X | ||||||||||
- Definition Amount of impairment loss for asset. Includes, but is not limited to, tangible and intangible assets and goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for acquisition-related cost incurred to effect business combination. Includes, but is not limited to, finder's fee; advisory, legal, accounting, valuation, and other professional and consulting fees; and general administrative cost, including cost of maintaining internal acquisition department. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Cost of product sold and service rendered, excluding depreciation, depletion, and amortization. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of realized and unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income and dividend income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Other costs incurred during the reporting period related to other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The total amount of other operating income, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for research and development. Excludes cost for computer software product to be sold, leased, or otherwise marketed, writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both, and write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount, after cash payment, of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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