Helmerich & Payne, Inc. (HP) AI Stock Analysis

Helmerich & Payne, Inc. specializes in drilling services and solutions for exploration and production companies worldwide. The company operates through three segments: North America Solutions, Offshore Gulf of Mexico, and International Solutions. In North America, it deploys a fleet of 236 land rigs across states such as Colorado, Texas, Oklahoma, and Pennsylvania. Its Offshore Gulf of Mexico operations drill in Louisiana and U.S. federal waters, while the International Solutions segment operates in Argentina, Bahrain, Colombia, and the United Arab Emirates. Founded in 1920, the company also manages commercial real estate investments, including a shopping center and undeveloped holdings in Tulsa, Oklahoma.

Revenue increased from $1.22B in FY2021 to $2.06B in FY2022, $2.87B in FY2023, and $2.76B in FY2024, before rising 35.9% to $3.75B in FY2025, reflecting a 5-year revenue CAGR of 16.1%. Net income shifted from $434.1M in FY2023 and $344.2M in FY2024 to -$165.1M in FY2025, with net margin narrowing to -4.4%. Over the trailing twelve months, revenue was $4.00B with an operating margin of 5.1% and a profit margin of -3.4%. In the latest quarter ended June 30, 2026, quarterly revenue fell 0.6% year-over-year, while quarterly earnings declined 98.8%.

As of June 30, 2026, Helmerich & Payne held $231.4M in cash and short-term investments alongside total debt of $1.86B, resulting in net debt of $1.63B. Shareholders' equity was $2.57B, yielding a debt-to-equity ratio of 0.72 and a current ratio of 1.96. In FY2025, the company generated $543.0M in operating cash flow and $116.6M in free cash flow. Cash deployment included capital expenditures of $426.4M and dividends paid of $100.7M, while its share count fell 7.0% over 5 years.

Helmerich & Payne carries a market capitalization of $3.74B and an enterprise value of $5.58B. The stock trades at a forward P/E of 35.6x, compared to the median of its US-listed Energy peers of 12.7x. Its EV-to-EBITDA ratio is 7.0x versus the peer median of 8.0x, and its price-to-sales ratio stands at 0.9x compared to the peer median of 1.8x. Over the past year, the stock returned 66.6%, outperforming the S&P 500 (SPY) return of 16.8%. Over a 5-year period, the stock gained 38.9% compared to 83.0% for the index.

The company pays a quarterly dividend with an annual forward payout of $1.00, representing a dividend yield of 2.67% and a payout ratio of 60.9%. Helmerich & Payne has paid dividends for 41 consecutive years. However, its 5-year annualized dividend growth was -12.2%. The last ex-dividend date shown is November 18, 2026.

Analyst ratings include 4 Strong Buy, 4 Buy, 7 Hold, 1 Sell, and 1 Strong Sell recommendations. The mean price target is $45.44, representing a 21.4% premium over the last close of $37.43. For the fiscal year ending September 30, 2026, analysts estimate an EPS of -$0.39 and revenue of $4.06B. For the following fiscal year, 12 analysts project revenue of $4.30B and an EPS of $1.56. The company recorded 0 EPS beats over the last 4 quarters, with its next earnings date scheduled for November 18, 2026.

This page is an AI-written research summary of Helmerich & Payne, Inc. (HP). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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