---
schema_version: "secwatch.filing_event.v1"
accession: "0000046765-26-000025"
form_type: "8-K"
ticker: "HP"
cik: "0000046765"
company_name: "Helmerich & Payne, Inc."
filed_at: "2026-05-06T23:59:59+00:00"
generated_at: "2026-05-14T22:59:53.906131+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# H&P Q2 net loss $59M; NAS direct margin $215M; CFO Vann to retire

## Summary
- Consolidated revenue $932M; net loss $(59)M ($0.59 per share); adjusted net loss $(38)M ($0.38 per share).
- North America Solutions operating income $111M, direct margin $215M ($17,628/day) with 136 rigs.
- International Solutions operating loss ~$100M incl. $26M impairment; Offshore operating income $14M.
- Completed Utica Square sale with after-tax proceeds >$100M; retired term loan early, reducing debt by $400M.
- CFO Kevin Vann retiring; Todd Scruggs to succeed. Q3 guidance: NAS direct margin $230-240M, avg rigs 137-143.

## SEC filing metadata
- accession: 0000046765-26-000025
- form_type: 8-K
- ticker: HP
- cik: 0000046765
- company_name: Helmerich & Payne, Inc.
- filed_at: 2026-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/46765/000004676526000025/0000046765-26-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46765/000004676526000025/hp-20260506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000046765-26-000025
- JSON: https://secwatch.observer/filing/0000046765-26-000025.json
- Plain text: https://secwatch.observer/filing/0000046765-26-000025.txt

## Source-grounded claims
- claim_id: e2ccfee029c1c505bdaf75d63b7b9df9e7a075bb
  claim: Helmerich & Payne, Inc. reported second fiscal quarter ended March 31, 2026 results: revenue $932 million, net income $(59) million, EPS $(0.59) per share.
  evidence_excerpt: NEWS RELEASE May 6, 2026 HELMERICH & PAYNE, INC. ANNOUNCES FISCAL SECOND QUARTER RESULTS Operating and Financial Highlights for the Quarter Ended March 31, 2026 • H&P announced consolidated revenue of $932 million, reflecting solid performance despite a dynamic macro environment. • Consolidated net loss of $(59) million, or $(0.59) per share, which includes the impact of a non-cash impairment charge of $26 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/46765/000004676526000025/0000046765-26-000025-index.htm

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