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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
OPERATING REVENUES        
Drilling services $ 1,037,876 $ 695,139 $ 2,724,883 $ 2,054,835
Other 3,048 2,585 9,382 7,979
Total operating revenues 1,040,924 697,724 2,734,265 2,062,814
OPERATING COSTS AND EXPENSES        
Drilling services operating expenses, excluding depreciation and amortization 704,224 414,880 1,816,797 1,217,664
Other operating expenses 31,059 1,144 35,700 3,307
Depreciation and amortization 179,491 97,816 436,228 296,352
Research and development 7,777 10,555 26,558 32,105
Selling, general and administrative 65,506 60,194 209,407 177,963
Acquisition transaction costs 8,623 6,680 49,025 7,530
Asset impairment charges 173,258 0 175,102 0
Restructuring charges 4,681 0 4,681 0
Gain on reimbursement of drilling equipment (6,773) (9,732) (26,149) (24,687)
Other loss on sale of assets 1,347 2,730 2,136 2,718
Total operating costs and expenses 1,169,193 584,267 2,729,485 1,712,952
OPERATING INCOME (LOSS) (128,269) 113,457 4,780 349,862
Other income (expense)        
Interest and dividend income 2,856 11,888 31,854 29,189
Interest expense (29,200) (4,336) (79,836) (12,969)
Gain (loss) on investment securities (337) 389 14,084 102
Foreign currency exchange loss (9,216) (2,144) (16,137) (4,509)
Other 31,258 3,134 33,214 2,991
Nonoperating Income (Expense), Total (4,639) 8,931 (16,821) 14,804
Income (loss) before income taxes (132,908) 122,388 (12,041) 364,666
Income tax expense 28,991 33,703 92,100 95,977
NET INCOME (LOSS) (161,899) 88,685 (104,141) 268,689
Net income attributable to non-controlling interest 859 0 2,191 0
NET INCOME (LOSS) ATTRIBUTABLE TO HELMERICH & PAYNE, INC. $ (162,758) $ 88,685 $ (106,332) $ 268,689
Earnings (loss) per share attributable to Helmerich & Payne, Inc.:        
Basic (in dollars per share) $ (1.64) $ 0.89 $ (1.08) $ 2.68
Diluted (in dollars per share) $ (1.64) $ 0.88 $ (1.08) $ 2.67
Weighted average shares outstanding:        
Basic (in shares) 99,422 98,752 99,214 98,891
Diluted (in shares) 99,422 99,007 99,214 99,116