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Helmerich & Payne Balance Sheet 2025-2006 | HP
Brief overview of Helmerich & Payne's financial position
The comparison uses five available annual reports from the 2016–2020 interval.
Across five reporting periods, assets decreased -29.3%, from $6.8 billion to $4.8 billion, producing a negative trend.
Asset and liability trends were close, at -29.3% and -33.5%. Expansion did not materially reshape funding sources.
The equity-to-assets ratio is 68.7%, compared with 66.8% five periods ago. The balance sheet has a substantial internal cushion.
Net debt equals roughly 0.01x of equity. This is a moderate load and leaves room for maneuver.
Cash accounts for 10.1% of assets versus 13.3% initially. The change indicates the degree of financial flexibility.
Accumulated earnings ended at $3 billion, a change of -29.8%. They remain an important part of the capital base.
Overall assessment
Helmerich & Payne's balance sheet is broadly resilient, though selected areas require monitoring. The balance between assets, equity and liabilities remains the key issue.
Annual Balance Sheet Helmerich & Payne
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
1.9 B | 1.58 B | 302 M | 323 M | 591 M | 38.1 M | 184 M | 251 M | 16 M | -370 M | -186 M | -281 M | -253 M | 139 M | -14.2 M | 297 M | 324 M | 422 M | - | - |
Long Term Debt |
2.06 B | 1.78 B | 545 M | 543 M | 1.03 B | 481 M | 479 M | 494 M | 493 M | 492 M | 492 M | 40 M | 80 M | 195 M | 235 M | 360 M | 420 M | 475 M | - | - |
Long Term Debt Current |
36 M | 17 M | 13.8 M | 12.4 M | 483 M | 11.4 M | - | - | - | - | 39.1 M | 39.6 M | 115 M | 40 M | 115 M | - | - | 25 M | - | - |
Total Non Current Liabilities |
3.06 B | 2.42 B | 1.19 B | 1.2 B | 1.26 B | 1.29 B | 1.42 B | 1.45 B | 1.93 B | 1.94 B | 1.9 B | 1.32 B | 1.37 B | 1.5 B | 1.32 B | 1.23 B | 1.18 B | 1.01 B | - | - |
Total Current Liabilities |
815 M | 447 M | 419 M | 395 M | 866 M | 219 M | 410 M | 377 M | 344 M | 330 M | 351 M | 507 M | 452 M | 381 M | 417 M | 233 M | 302 M | 309 M | - | - |
Total Liabilities |
- | - | - | - | - | 1.51 B | 1.83 B | 1.83 B | 2.28 B | 2.27 B | 2.25 B | 1.83 B | 1.82 B | 1.89 B | 1.73 B | - | - | - | - | - |
Deferred Revenue |
38.1 M | 10.4 M | 23.4 M | 19.8 M | - | 15 M | 40.2 M | 30.2 M | 35.7 M | 52.6 M | 60.9 M | 21.2 M | 23.9 M | 11.3 M | - | 6.44 M | - | - | - | - |
Retained Earnings |
2.62 B | 2.88 B | 2.71 B | 2.47 B | 2.57 B | 3.01 B | 3.71 B | 4.03 B | 3.86 B | 4.29 B | 4.65 B | 4.53 B | 4.1 B | 3.51 B | 2.95 B | 2.55 B | 2.41 B | 2.08 B | - | - |
Total Assets |
6.71 B | 5.78 B | 4.38 B | 4.36 B | 5.03 B | 4.83 B | 5.84 B | 6.21 B | 6.44 B | 6.83 B | 7.15 B | 6.72 B | 6.26 B | 5.72 B | 5 B | 4.27 B | 4.16 B | 3.59 B | - | - |
Cash and Cash Equivalents |
197 M | 217 M | 257 M | 232 M | 918 M | 488 M | 348 M | 284 M | 521 M | 906 M | 729 M | 360 M | 448 M | 96.1 M | 364 M | 63 M | 96.1 M | 77.5 M | 67.4 M | 33.9 M |
Book Value |
6.71 B | 5.78 B | 4.38 B | 4.36 B | 5.03 B | 3.32 B | 4.01 B | 4.38 B | 4.16 B | 4.56 B | 4.9 B | 4.89 B | 4.44 B | 3.83 B | 3.27 B | 4.27 B | 4.16 B | 3.59 B | - | - |
Total Shareholders Equity |
2.83 B | 2.92 B | 2.77 B | 2.77 B | 2.91 B | 3.32 B | 4.01 B | 4.38 B | 4.16 B | 4.56 B | 4.9 B | 4.89 B | 4.44 B | 3.83 B | 3.27 B | 2.81 B | 2.68 B | 2.27 B | 1.82 B | 1.38 B |
All numbers in USD currency
Quarterly Balance Sheet Helmerich & Payne
| 2026-Q3 | 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | 2010-Q1 | 2009-Q3 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
1.86 B | 1.86 B | 2.03 B | 2.03 B | 2.06 B | 2.23 B | 2.23 B | 1.78 B | 1.78 B | 546 M | 545 M | 545 M | 545 M | 545 M | 543 M | 543 M | 543 M | - | 542 M | 542 M | 542 M | 481 M | 542 M | 481 M | 481 M | 481 M | 481 M | 479 M | 479 M | 479 M | 479 M | 491 M | 494 M | 494 M | 494 M | 493 M | 493 M | 493 M | 493 M | 492 M | 492 M | 492 M | 492 M | 493 M | 492 M | 492 M | 492 M | 40 M | 39.5 M | 39.5 M | 40 M | 80 M | 79.1 M | 80 M | 80 M | 195 M | 195 M | 195 M | 195 M | 235 M | 235 M | 235 M | 235 M | 390 M | 440 M | 380 M | 430 M |
Total Non Current Liabilities |
2.82 B | 2.84 B | 3.03 B | 3.03 B | 3.06 B | 3.3 B | 3.3 B | 2.43 B | 2.42 B | 1.17 B | 1.18 B | 1.19 B | 1.19 B | 1.2 B | 1.2 B | 1.2 B | 1.2 B | - | 1.22 B | 1.22 B | 1.26 B | 1.22 B | 1.26 B | 1.27 B | 1.29 B | 1.29 B | 1.29 B | 1.45 B | 1.42 B | 1.42 B | 1.42 B | 1.43 B | 1.45 B | 1.45 B | 1.45 B | 1.42 B | 1.93 B | 1.93 B | 1.93 B | 1.92 B | 1.94 B | 1.94 B | 1.94 B | 1.89 B | 1.9 B | 1.9 B | 1.9 B | 1.43 B | 1.32 B | 1.32 B | 1.32 B | 1.36 B | 1.37 B | 1.37 B | 1.37 B | 1.52 B | 1.5 B | 1.5 B | 1.5 B | 1.38 B | 1.32 B | 1.32 B | 1.32 B | 1.16 B | 1.23 B | 1.16 B | 1.13 B |
Total Liabilities |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.25 B | 2.25 B | 2.25 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Deferred Revenue |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8.55 M | - | - | - | 9.27 M | - | - | - | 25.4 M | - | - | - | 20.5 M | - | - | - | 25.9 M | - | - | - | 34.7 M | - | - | - | 42.8 M | - | - | - | 3.14 M | - | - | - | 11.7 M | - | - | - | 11.3 M | - | - | - | 4.07 M | - | - | - | - | - | - |
Retained Earnings |
2.46 B | 2.41 B | 2.5 B | 2.5 B | 2.62 B | 2.89 B | 2.89 B | 2.91 B | 2.88 B | 2.83 B | 2.79 B | 2.74 B | 2.71 B | 2.66 B | 2.61 B | 2.49 B | 2.47 B | - | 2.46 B | 2.5 B | 2.57 B | 2.68 B | 2.57 B | 2.91 B | 3.01 B | 3.01 B | 3.01 B | 3.67 B | 3.71 B | 3.71 B | 3.71 B | 4 B | 4.03 B | 4.03 B | 4.03 B | 4.28 B | 3.86 B | 3.86 B | 3.86 B | 4.18 B | 4.29 B | 4.29 B | 4.29 B | 4.59 B | 4.65 B | 4.65 B | 4.65 B | 4.65 B | 4.53 B | 4.53 B | 4.53 B | 4.21 B | 4.1 B | 4.1 B | 4.1 B | 3.65 B | 3.51 B | 3.51 B | 3.51 B | 3.09 B | 2.95 B | 2.95 B | 2.95 B | 2.47 B | 2.51 B | 2.47 B | 2.37 B |
Total Assets |
6.29 B | 6.34 B | 6.46 B | 6.46 B | 6.71 B | 7.24 B | 7.24 B | 5.82 B | 5.78 B | 4.48 B | 4.42 B | 4.42 B | 4.38 B | 4.34 B | 4.37 B | 4.41 B | 4.36 B | - | 4.33 B | 4.39 B | 5.03 B | 4.5 B | 5.03 B | 4.73 B | 4.83 B | 4.83 B | 4.83 B | 5.84 B | 5.84 B | 5.84 B | 5.84 B | 6.14 B | 6.21 B | 6.21 B | 6.21 B | 6.36 B | 6.44 B | 6.44 B | 6.44 B | 6.68 B | 6.83 B | 6.83 B | 6.83 B | 7.13 B | 7.15 B | 7.15 B | 7.15 B | 6.8 B | 6.72 B | 6.72 B | 6.72 B | 6.41 B | 6.26 B | 6.26 B | 6.26 B | 5.93 B | 5.72 B | 5.72 B | 5.72 B | 5.26 B | 5 B | 5 B | 5 B | 4.07 B | 4.21 B | 4.24 B | 4.08 B |
Cash and Cash Equivalents |
204 M | 177 M | 247 M | 247 M | 197 M | 175 M | 175 M | 391 M | 217 M | 204 M | 194 M | 214 M | 257 M | 221 M | 160 M | 229 M | 232 M | 189 M | 202 M | 234 M | 918 M | 371 M | 918 M | 374 M | 488 M | 488 M | 374 M | 355 M | 348 M | 348 M | 355 M | 228 M | 284 M | 284 M | 228 M | 384 M | 521 M | 521 M | 384 M | 826 M | 906 M | 906 M | 826 M | 848 M | 729 M | 729 M | 848 M | 253 M | 360 M | 361 M | 252 M | 581 M | 436 M | 448 M | 581 M | 241 M | 96.1 M | 96.1 M | 241 M | 348 M | 364 M | 364 M | 348 M | 77.7 M | 126 M | 153 M | 142 M |
Book Value |
6.29 B | 6.34 B | 6.46 B | - | - | 7.24 B | - | - | - | - | - | - | - | - | - | 4.41 B | 4.36 B | - | 4.33 B | 4.39 B | 5.03 B | 4.5 B | 5.03 B | 4.73 B | 4.83 B | 4.83 B | 4.83 B | 5.84 B | 5.84 B | 5.84 B | 5.84 B | 6.14 B | 6.21 B | 6.21 B | 6.21 B | 6.36 B | 6.44 B | 6.44 B | 6.44 B | 6.68 B | 6.83 B | 6.83 B | 6.83 B | 7.13 B | 4.9 B | 4.9 B | 4.9 B | 6.8 B | 6.72 B | 6.72 B | 6.72 B | 6.41 B | 6.26 B | 6.26 B | 6.26 B | 5.93 B | 5.72 B | 5.72 B | 5.72 B | 5.26 B | 5 B | 5 B | 5 B | 4.07 B | 4.21 B | 4.24 B | 4.08 B |
Total Shareholders Equity |
2.67 B | 2.63 B | 2.7 B | 2.7 B | 2.83 B | 3.05 B | 3.05 B | 2.95 B | 2.92 B | 2.86 B | 2.8 B | 2.76 B | 2.77 B | 2.71 B | 2.76 B | 2.75 B | 2.77 B | 2.73 B | 2.73 B | 2.78 B | 2.91 B | 3.01 B | 2.78 B | 3.22 B | 3.22 B | 3.22 B | 3.22 B | 3.98 B | 3.98 B | 3.98 B | 3.98 B | 4.33 B | 4.38 B | 4.33 B | 4.33 B | 4.59 B | 4.16 B | 4.16 B | 4.59 B | 4.48 B | 4.56 B | 4.56 B | 4.56 B | 4.83 B | 4.9 B | 4.9 B | 4.9 B | 4.92 B | 4.89 B | 4.89 B | 4.89 B | 4.57 B | 4.45 B | 4.44 B | 4.44 B | 3.99 B | 3.83 B | 3.83 B | 3.83 B | 3.45 B | 3.27 B | 3.27 B | 3.27 B | 2.71 B | 2.79 B | 2.76 B | 2.59 B |
All numbers in USD currency
Balance Sheet is a fundamental financial report of Helmerich & Payne, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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