Patterson-UTI Energy Stock (NASDAQ:PTEN)


ForecastRevenueOwnershipFinancialsChartTranscripts

Previous Close

$7.29

52W Range

$7.15 - $12.65

50D Avg

$8.02

200D Avg

$9.64

Market Cap

$2.99B

Avg Vol (3M)

$8.58M

Beta

2.13

Div Yield

$0.32 (4.17%)

PTEN Company Profile


Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling Services segment markets its contract drilling services primarily in west Texas, Appalachia, Rockies, Oklahoma, South Texas, East Texas, and Colombia. As of December 31, 2021, this segment had a drilling fleet of 192 marketable land-based drilling rigs. The Pressure Pumping Services segment offers pressure pumping services that consist of well stimulation for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, cementing, and acid pumping services in Texas and the Appalachian region. The Directional Drilling Services segment provides a suite of directional drilling services, including directional drilling and measurement-while-drilling services; supply and rental of downhole performance motors; and software and services that enhances the accuracy of directional and horizontal wellbores, wellbore quality, and on-bottom rate of penetration. It also services equipment to drilling contractors, as well as provides electrical controls and automation to the energy, marine, and mining industries in North America and other markets; and owns and invests in oil and natural gas assets as a non-operating working interest owner located principally in Texas and New Mexico. Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas.

Show More

Industry

Oil & Gas Drilling

Sector

Energy

Exchange

NASDAQ

ADR

-

Country

US

Employees

10,600

IPO Date

Nov 02, 1993

Website

PTEN Performance


Revenue Breakdown


Revenue Breakdown by Product/Service

Product/ServiceDec 23Dec 22Dec 21
Drilling Services$1.92B--
Drilling Products$134.68M--
Other$74.58M$92.01M-
Pressure Pumping-$1.02B-
Contract Drilling-$1.32B-
Directional Drilling-$216.50M-
Wireline--$9.87M
Well Servicing--$19.65M

Fiscal year ends in Dec 23 | Currency in USD

PTEN Financial Summary


Dec 23Dec 22Dec 21
Revenue$4.15B$2.65B$1.36B
Operating Income$433.76M$-273.76M$-677.75M
Net Income$246.29M$154.66M$-657.08M
EBITDA$1.17B$210.19M$-667.24M
Basic EPS$0.88$0.72$-3.37
Diluted EPS$0.88$0.70$-3.37

Fiscal year ends in Dec 23 | Currency in USD

Latest Earnings Call Transcripts


Q3 24Oct 24, 24 | 3:34 PM
Q2 24Jul 25, 24 | 3:25 PM
Q1 24May 02, 24 | 12:00 AM

Peer Comparison


TickerCompany
NBRNabors Industries Ltd.
RIGTransocean Ltd.
HPHelmerich & Payne, Inc.
BORRBorr Drilling Limited
NENoble Corporation Plc
PDSPrecision Drilling Corporation