Helmerich & Payne, Inc. (HP) is a Energy stock trading at $46.20 (as of 2026-09-01), with a market capitalization of $4.62B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
Helmerich & Payne, Inc., together with its subsidiaries, provides drilling services and solutions for exploration and production companies. The company operates through three segments: North America Solutions, Offshore Gulf of Mexico, and International Solutions. The North America Solutions segment drills primarily in Colorado, Louisiana, Montana, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Pennsylvania, Texas, Utah, West Virginia, and Wyoming. It also focuses on developing, promoting, and commercializing technologies designed to enhance the drilling operations, as well as wellbore quality and placement. The Offshore Gulf of Mexico segment has drilling operations in Louisiana and in U.S. federal waters in the Gulf of Mexico. The International Solutions segment conducts drilling operations in Argentina, Bahrain, Colombia, and the United Arab Emirates. As of September 30, 2021, the company operated a fleet of 236 land rigs in North America; 30 international land rigs; and 7 offshore platform rigs. It also owns, develops, and operates commercial real estate properties. The company's real estate investments include a shopping center comprising approximately 390,000 leasable square feet; and approximately 176 acres of undeveloped real estate located in Tulsa, Oklahoma. Helmerich & Payne, Inc. was founded in 1920 and is headquartered in Tulsa, Oklahoma.
Helmerich & Payne owns and operates oilfield drilling rigs that charge per-day rates to exploration and production companies to drill exploratory and development wells. North America Solutions is the revenue core, with offshore and international rigs broadening reach, while a growing share of the fleet is now on performance-based contracts that tie pay to results rather than calendar days.
Each rig carries a large fixed cost base (crews, maintenance, insurance) whether it is drilling or sitting, so contracted utilization and the day-rate are the two levers that turn the fleet from a cash consumer into a profit engine.
| North America Solutions | $0.6B |
| Offshore & International | $0.4B |
Business quality (Weak): Weak: operating margin at negative 4 percent and ROE at negative 12 percent show the fleet is below breakeven, and revenue is still contracting year over year. The business is cyclical and capital-intensive, with no pricing protection when rig demand softens.
| Price | $46.20 |
| Market Cap | $4.62B |
| EV / EBITDA | 16.1 |
| Price / Book | 1.76 |
| Price / Sales | 1.15 |
| FCF Yield | 2.5% |
| DCF Value (model) | $88.84 |
| DCF Upside vs Price | 92.3% |
| Revenue (TTM) | $3.75B |
| Net Margin | -4.4% |
| Revenue Growth (YoY) | -8.2% |
| EPS Growth (YoY) | -6000.0% |
| FCF Growth (YoY) | -274.3% |
| Altman Z-Score | 1.93 (grey) |
| Sector P/E (Energy) | 16.1 |
| Industry P/E (Petroleum & Natural Gas) | 15.4 |
| Top Institutional Holder | BlackRock, Inc. ($550.29M) |
| Institutional Holders Tracked | 10 |
| Congressional Trades (recent) | 2 |
| Sector | Energy |
| Industry | Petroleum & Natural Gas |
| CEO | John W. Lindsay |
| Employees | 7,000 |
| Country | US |
| IPO Date | 1980-10-15 |
Data as of 2026-09-01.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.