How often does Helmerich & Payne move more than the options market prices?

3 of the last 7 reports moved at least as far as the implied move.

HPNYSEDrilling Oil & Gas Wells

Helmerich & Payne, Inc. (HP) earnings date, market-implied expected move, and options open interest by expiry

43.00

Closed16:00 ET

Open41.93Volume2.4MMkt cap$4.3BEPS-1.41Div yield2.33%

Day41.46 – 43.01100%52-wk23.98 – 48.1779%

Helmerich & Payne, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Expected move

Inputs

Next report

Feb 3

after close · in 94 days

est.Q1 FY27

Calendar

Next report

Last report

+0.08%

shaded = implied · ▲▼ = realized

Oct 7 '26 · confirmed

Implied vs realized

Largest filed tie

45.20%

of HP revenue · Largest offshore drilling customer

customerHP 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

+3.21%

shares held · 10 largest managers

13F · Jun 30 '26124d lag

371 managers

Top fund weight

0.10%

HP weight · IWM

N-PORTJun 30 '26

4 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Helmerich & Payne (HP) is expected to report on Feb 3 after close (estimated date).

Implied vs realized

8 reports

3 of 7≥ implied

avg implied: ±7.1%
avg realized: ±7.1%

Feb 5 '25Feb 5 '25confirmed±5.6%▼−16.48%×2.94

May 7 '25May 7 '25confirmed±10.0%▼−3.47%×0.35

Aug 6 '25Aug 6 '25confirmed±9.1%▲+3.16%×0.35

Nov 17 '25Nov 17 '25confirmed±5.2%▼−2.92%×0.56

Q1 FY26Feb 4 '26confirmed±6.9%▼−5.16%×0.74

Q2 FY26May 6 '26confirmed±5.5%▼−7.36%×1.34

Q3 FY26Aug 5 '26confirmed±7.4%▲+11.39%×1.53

Oct 7 '26Oct 7 '26confirmed—▲+0.08%—

quarterimplied−20%0+20%realized×

Oct '26—▲+0.08%—

Q3 FY26±7.4%▲+11.39%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Oct 30 close

0.24OI · 4 expiries · Oct 30 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

2790%Nov 2019d1.19234+1%1.19

3,0170%Dec 1847d0.833,6420%0.83

2,3260%Jan 1575d2.021,1530%2.02

report · Feb 3 · after close · est.

1040%Mar 19138d4250%

ExpiryPutsCallsP/C

Nov 2019d2790%234+1%1.19

Dec 1847d3,0170%3,6420%0.83

Jan 1575d2,3260%1,1530%2.02

report · Feb 3 · after close · est.

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

No implied move.

Linked exposure

Revenue flow

as filedQ3 FY26

7.55%as filednet margin · revenue +10.99% QoQ · −0.58% YoY

Revenue

$1.0B+10.99% QoQ

Gross profit

$305M+23.98% QoQ

29.52% margin

Operating income

$188M+609.78% QoQ

18.19% margin

Pre-tax income

$151M+423.26% QoQ

Net income

$78M+239.91% QoQ

7.55% margin

Cost of revenue

$729M+6.33% QoQ

Operating expenses

$117M−58.62% QoQ

Depreciation $181M

SG&A $66M

R&D $6M

Other expense

$38M

Tax

$72M+678.25% QoQ

Revenue$1.0B+10.99%

Gross profit

$305M+23.98%

29.52% margin

Operating income

$188M+609.78%

18.19% margin

Pre-tax income

$151M+423.26%

Net income

$78M+239.91%

7.55% margin

Cost of revenue

$729M+6.33%

Operating expenses

$117M−58.62%

Depreciation $181M

SG&A $66M

R&D $6M

Other expense

$38M

Tax$72M+678.25%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Jun 30 '26 · width = $

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

FOMC ×1.12· ±2.3% vs ±2.1% · 24 releases

eventrelease day|move|up · n×base

FOMCrate decision±2.3%8 of 24×1.12

NFPjobs report±2.0%5 of 10×0.96

GDPgross domestic product±1.9%8 of 19×0.93

PCEpersonal income & outlays±1.8%7 of 19×0.89

PPIproducer prices±1.7%6 of 10×0.80

CPIconsumer prices±1.5%5 of 10×0.75

CPROFcorporate profits±1.3%5 of 12×0.61

Bar = avg |move| to ±3% · tick = ±2.1% avg day · ×base = |move| ÷ ±2.1% · min 6 releases

Earnings history

EPS 0.74 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Aug 5 '26 · confirmed	0.74	—
Q2 FY26	May 6 '26 · confirmed	-0.59	—
Q1 FY26	Feb 4 '26 · confirmed	-0.98	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod