---
schema_version: "secwatch.filing_event.v1"
accession: "0000046765-26-000010"
form_type: "8-K"
ticker: "HP"
cik: "0000046765"
company_name: "Helmerich & Payne, Inc."
filed_at: "2026-02-04T23:59:59+00:00"
generated_at: "2026-05-16T05:07:19.347902+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Helmerich & Payne Q1 net loss $97M on $103M impairment; NAS income down 69%

## Summary
- Net loss $97M ($0.98 diluted EPS) includes $103M non-cash impairment; adjusted loss $14M ($0.15).
- North America Solutions operating income $36M (down from $118M) due to $98M impairment; direct margins $239M at $18,193/day.
- International Solutions operating loss $55M, improved from $76M; direct margins $29M.
- Repaid $260M of $400M term loan; expects full repayment by Q3 FY2026.
- CEO John Lindsay retiring March 2026; leadership transition to Trey Adams, no strategic change.

## SEC filing metadata
- accession: 0000046765-26-000010
- form_type: 8-K
- ticker: HP
- cik: 0000046765
- company_name: Helmerich & Payne, Inc.
- filed_at: 2026-02-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/0000046765-26-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46765/000004676526000010/hp-20260204.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000046765-26-000010
- JSON: https://secwatch.observer/filing/0000046765-26-000010.json
- Plain text: https://secwatch.observer/filing/0000046765-26-000010.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.