HIGHBuilt-inGeographic
63%
North America Solutions
“10-K Item 1: 'Our North America Solutions segment contributed approximately 63.0 percent ($2.4 billion) of our consolidated operating revenues during fiscal year 2025'”
HP · Concentration risk · 10-K extracted
Helmerich & Payne (HP) concentration risks
Updated
The most significant concentration Helmerich & Payne discloses is North America Solutions at 63%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Helmerich & Payne’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM0
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWOutside partyCustomer
12%
largest drilling customer
“10-K Item 1: 'Revenue from drilling services performed for our largest drilling customer totaled approximately 12.0 percent ... of our total consolidated revenues during fiscal years 2025'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile reflects two complementary structural features of a North America-focused drilling contractor. The North America Solutions segment contributed approximately 63.0% of consolidated operating revenues during fiscal year 2025 — a high-share structural concentration that positions the company's results as a close function of North American upstream activity, rig demand, and E&P capital spending trends. This geographic and segment weighting is structural rather than idiosyncratic: it reflects the composition of the contract drilling fleet and the markets the company has historically served. On the customer side, revenue from the largest single drilling customer totaled approximately 12.0% of total consolidated revenues during fiscal year 2025 — a low-share dependency. No individual operator commands the kind of share that would make a single contract non-renewal a material event for consolidated results, even though the oilfield services business is inherently dependent on a relatively small number of large E&P operators at any given time. The two disclosures together describe a business that is geographically concentrated in North America at the segment level, but well-diversified at the individual customer level within that geography. The dominant risk channel is therefore macro — North American rig count, commodity prices, and E&P capital budgets — rather than any single-name customer dependency. On balance, the concentration profile is typical for the land contract drilling sector and is well-disclosed.
For the engine’s reasoning on HP’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Oil & Gas Drilling
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| PTEN | Patterson-UTI Energy, Inc. | 1 | 1 | 1 | 3 |
| HP● | Helmerich & Payne, Inc. | 1 | 0 | 1 | 2 |
| SOC | Sable Offshore Corp. | 1 | 0 | 0 | 1 |
| NE | Noble Corporation plc A | 0 | 1 | 5 | 6 |
| SDRL | Seadrill Limited | 0 | 1 | 3 | 4 |
| RIG | Transocean Ltd (Switzerland) | 0 | 0 | 3 | 3 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.