XML 54 R34.htm IDEA: XBRL DOCUMENT
v3.25.3

BUSINESS COMBINATION (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Schedule of Business Combination | The following table summarizes the final purchase price and the fair values of assets acquired and liabilities assumed at the Acquisition Date, inclusive of measurement period adjustments:
(in thousands) |
Total cash consideration | $ | 2,035,523 |
Allocation of purchase price |
Current assets acquired: |
Cash and cash equivalents | 199,447 |
Short-term investments | 33 |
Accounts receivable, net 1 | 316,207 |
Inventories of materials and supplies, net | 183,527 |
Prepaid expenses and other, net | 87,998 |
Noncurrent assets acquired: |
Investments, net | 1,146 |
Property, plant and equipment, net | 1,459,490 |
Intangible assets, net | 468,809 |
Operating lease right-of-use assets | 46,162 |
Total assets acquired | 2,762,819 |
Current liabilities assumed: |
Accounts payable and accrued liabilities | 479,976 |
Current portion of long-term debt, net | 6,755 |
Noncurrent liabilities assumed: |
Deferred income | 6,163 |
Long-term debt, net | 78,188 |
Deferred income taxes | 202,050 |
Retirement benefit obligations | 99,043 |
Other | 52,999 |
Total liabilities assumed | 925,174 |
Net assets acquired | $ | 1,837,645 |
Add: Fair value of non-controlling interests acquired | 116,061 |
Goodwill | $ | 313,939 |
(1)The fair value of accounts receivable is $316.2 million, with the gross contractual amount being $329.3 million. The Company estimates $13.1 million to be uncollectible.
Schedule of Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination | The values assigned to each intangible asset and the corresponding useful lives, as of the Acquisition Date, are as follows:
(in thousands) | Amount |  | Weighted Average Useful life (Years)
Customer relationships | $ | 432,200 |  |  | 9 years
Trade name | 10,860 |  |  | 10 years
Developed technology | 21,420 |  |  | 11 years
In-process research and development | 4,329 |  |  | Indefinite
Estimated fair value of acquired intangible assets | $ | 468,809 |  |  |
Schedule of Lessee, Operating Lease Right-of-use Assets and Noncurrent Liability | In connection with the Acquisition, we acquired operating lease right-of-use assets and corresponding current and noncurrent liabilities as summarized below:
(in thousands) | Amount
Real estate properties | $ | 34,369 |
Drilling equipment | 11,793 |
Total Operating lease right-of-use asset | $ | 46,162 |
Current portion of lease liabilities within Accounts payable and Accrued liabilities | $ | 16,557 |
Noncurrent portion of operating lease liabilities within Other noncurrent liabilities | 39,377 |
Schedule of Business Acquisition, Pro Forma Information | The following unaudited pro forma combined financial information presents results for the year ended September 30, 2025 and 2024, as if we had completed the Acquisition on October 1, 2023:
(in thousands) | September 30, 2025 |  | September 30, 2024
Revenue | $ | 4,232,105 |  |  | $ | 4,468,207 |
Net income (loss) | (239,660) |  |  | 172,107 |
Net income attributable to non-controlling interest | 7,728 |  |  | 12,947 |
Net income (loss) attributable to Helmerich & Payne, Inc. | $ | (247,388) |  |  | $ | 159,160 |

X
- Definition Schedule of Operating Lease Right-of-use Assets and Noncurrent Liability + References No definition available. + Details
Name: | hp_ScheduleOfOperatingLeaseRightOfUseAssetsAndNoncurrentLiabilityTableTextBlock
Namespace Prefix: | hp_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pro forma revenue and earnings for business combination or aggregate of series of individually immaterial business combinations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-8 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 49 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479303/805-10-55-49 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
Name: | us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_BusinessCombinationAndAssetAcquisitionAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired in business combination. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 + Details
Name: | us-gaap_FiniteLivedAndIndefiniteLivedIntangibleAssetsAcquiredAsPartOfBusinessCombinationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of business combination. Includes, but is not limited to, recognized asset and liability. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-8 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479303/805-10-55-41 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-2 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479581/805-30-50-2 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479581/805-30-50-1 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479907/805-20-50-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
Name: | us-gaap_ScheduleOfBusinessAcquisitionsByAcquisitionTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration