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AI brief of an SEC Form 8-K · Helmerich & Payne (HP)

Helmerich & Payne posts $97 million Q1 net loss on $103 million impairment charge

Mixed Impact 4 of 5 earnings Written later

Helmerich & Payne reported a fiscal first-quarter net loss of $97 million, or $0.98 per diluted share, for the quarter ended December 31, 2025, compared with a loss of $0.58 per share in the prior quarter and net income of $54.8 million, or $0.54 per diluted share, a year earlier. Revenue rose to $1.02 billion from $677.3 million a year earlier, but the loss reflects a $103 million non-cash impairment charge, and CEO John Lindsay plans to retire in March.

Key points

  • Net loss of $97 million, or $0.98 per share, including a $103 million non-cash impairment charge; adjusted loss was $14 million, or $0.15 per share
  • Operating revenues of $1.02 billion, compared with $1.01 billion in the prior quarter and $677.3 million a year earlier
  • Term loan repaid by $260 million of the $400 million balance as of end of January; full repayment expected by end of fiscal third quarter 2026
  • Second-quarter guidance: North America Solutions direct margin of $205 million to $230 million; International Solutions $12 million to $22 million; Offshore Solutions $20 million to $30 million

The filing

CompanyHelmerich & Payne (HP)
Form8-K, current report
Filed with the SECFeb 4, 2026, 4:12 PM ET
Accession number0000046765-26-000010

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 04, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.