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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 equivalents199,447 
Short-term investments33 
Accounts receivable, net1
316,207 
Inventories of materials and supplies, net183,527 
Prepaid expenses and other, net
87,998 
Noncurrent assets acquired:
Investments, net1,146 
Property, plant and equipment, net1,459,490 
Intangible assets, net468,809 
Operating lease right-of-use assets46,162 
Total assets acquired2,762,819 
Current liabilities assumed:
Accounts payable and accrued liabilities
479,976 
Current portion of long-term debt, net6,755 
Noncurrent liabilities assumed:
Deferred income6,163 
Long-term debt, net78,188 
Deferred income taxes202,050 
Retirement benefit obligations99,043 
Other52,999 
Total liabilities assumed925,174 
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 name10,860 10 years
Developed technology21,420 11 years
In-process research and development4,329 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, 2025September 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