Helmerich & Payne Reports Fiscal Q1 Loss, Revenue Rise

Oilfield services company swings to loss despite revenue increase

Published on Feb. 4, 2026

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Helmerich & Payne, a leading provider of high-performance drilling rigs, reported a fiscal first-quarter net loss of $0.98 per diluted share, swinging from earnings of $0.54 per share a year earlier. The company's revenue, however, increased during the quarter.

Why it matters

Helmerich & Payne's results reflect the ongoing challenges facing the oilfield services industry, which has been impacted by volatile energy prices and reduced drilling activity. The company's performance is closely watched as an indicator of broader industry trends.

The details

Helmerich & Payne, which operates in North America, internationally, and in the offshore Gulf of Mexico, reported the fiscal first-quarter loss despite a rise in revenue. The company designs, fabricates, and operates high-performance drilling rigs for conventional and unconventional oil and gas plays.

  • Helmerich & Payne reported its fiscal first-quarter results on February 4, 2026.

The players

Helmerich & Payne, Inc.

A leading provider of high-performance drilling rigs and oilfield services, operating in North America, internationally, and in the offshore Gulf of Mexico.

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The takeaway

Helmerich & Payne's swing to a loss in the fiscal first quarter, despite increased revenue, underscores the ongoing challenges facing the oilfield services industry as it navigates volatile energy prices and reduced drilling activity.