Patterson-UTI Energy (PTEN) Revenue & Revenue Breakdown

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Patterson-UTI Energy Revenue Highlights

Latest Revenue (Y)

$4.15B

Latest Revenue (Q)

$1.36B

Main Segment (Y)

Drilling Services

Main Geography (Y)

Other

Patterson-UTI Energy Revenue by Period

Patterson-UTI Energy Revenue by Year

Date	Revenue	Change
2023-12-31	$4.15B	56.61%
2022-12-31	$2.65B	95.09%
2021-12-31	$1.36B	20.71%
2020-12-31	$1.12B	-54.50%
2019-12-31	$2.47B	-25.74%
2018-12-31	$3.33B	41.17%
2017-12-31	$2.36B	157.32%
2016-12-31	$915.87M	-51.57%
2015-12-31	$1.89B	-40.57%
2014-12-31	$3.18B	17.17%
2013-12-31	$2.72B	-0.27%
2012-12-31	$2.72B	6.14%
2011-12-31	$2.57B	75.40%
2010-12-31	$1.46B	87.09%
2009-12-31	$781.95M	-64.60%
2008-12-31	$2.21B	4.49%
2007-12-31	$2.11B	-16.98%
2006-12-31	$2.55B	46.32%
2005-12-31	$1.74B	73.91%
2004-12-31	$1.00B	28.94%
2003-12-31	$776.17M	47.01%
2002-12-31	$527.96M	-46.67%
2001-12-31	$989.98M	221.52%
2000-12-31	$307.90M	103.23%
1999-12-31	$151.50M	-18.81%
1998-12-31	$186.60M	-2.20%
1997-12-31	$190.80M	127.96%
1996-12-31	$83.70M	80.00%
1995-12-31	$46.50M	32.48%
1994-12-31	$35.10M	42.11%
1993-12-31	$24.70M	-

Patterson-UTI Energy generated $4.15B in revenue during NA 2023, up 56.61% compared to the previous quarter, and up 124.63% compared to the same period a year ago.

Patterson-UTI Energy Revenue by Quarter

Date	Revenue	Change
2024-09-30	$1.36B	0.67%
2024-06-30	$1.35B	-10.74%
2024-03-31	$1.51B	-4.67%
2023-12-31	$1.58B	56.64%
2023-09-30	$1.01B	33.28%
2023-06-30	$758.88M	-4.16%
2023-03-31	$791.80M	0.42%
2022-12-31	$788.48M	8.38%
2022-09-30	$727.50M	16.92%
2022-06-30	$622.24M	22.16%
2022-03-31	$509.38M	9.19%
2021-12-31	$466.49M	30.35%
2021-09-30	$357.88M	22.66%
2021-06-30	$291.77M	21.10%
2021-03-31	$240.93M	9.12%
2020-12-31	$220.80M	6.59%
2020-09-30	$207.14M	-17.27%
2020-06-30	$250.38M	-43.85%
2020-03-31	$445.93M	-9.42%
2019-12-31	$492.30M	-17.74%
2019-09-30	$598.45M	-11.44%
2019-06-30	$675.76M	-4.03%
2019-03-31	$704.17M	-11.53%
2018-12-31	$795.94M	-8.25%
2018-09-30	$867.48M	1.53%
2018-06-30	$854.42M	5.59%
2018-03-31	$809.16M	2.77%
2017-12-31	$787.33M	14.94%
2017-09-30	$684.99M	18.27%
2017-06-30	$579.19M	89.79%
2017-03-31	$305.18M	23.61%
2016-12-31	$246.89M	19.77%
2016-09-30	$206.13M	6.31%
2016-06-30	$193.91M	-27.90%
2016-03-31	$268.94M	-20.57%
2015-12-31	$338.57M	-19.82%
2015-09-30	$422.25M	-10.68%
2015-06-30	$472.76M	-28.12%
2015-03-31	$657.70M	-27.02%
2014-12-31	$901.22M	6.57%
2014-09-30	$845.63M	11.67%
2014-06-30	$757.28M	11.66%
2014-03-31	$678.17M	2.94%
2013-12-31	$658.77M	-9.87%
2013-09-30	$730.91M	10.86%
2013-06-30	$659.32M	-1.16%
2013-03-31	$667.04M	2.19%
2012-12-31	$652.75M	1.42%
2012-09-30	$643.63M	-5.50%
2012-06-30	$681.11M	-8.69%
2012-03-31	$745.92M	2.94%
2011-12-31	$724.65M	7.54%
2011-09-30	$673.83M	12.29%
2011-06-30	$600.06M	5.76%
2011-03-31	$567.40M	12.21%
2010-12-31	$505.68M	33.54%
2010-09-30	$378.66M	23.35%
2010-06-30	$306.99M	13.03%
2010-03-31	$271.60M	82.30%
2009-12-31	$148.98M	-15.43%
2009-09-30	$176.16M	9.58%
2009-06-30	$160.76M	-45.69%
2009-03-31	$296.04M	-48.04%
2008-12-31	$569.76M	-6.37%
2008-09-30	$608.53M	15.63%
2008-06-30	$526.28M	4.31%
2008-03-31	$504.55M	-3.07%
2007-12-31	$520.53M	-

Patterson-UTI Energy generated $1.36B in revenue during Q3 2024, up 0.67% compared to the previous quarter, and up 178.84% compared to the same period a year ago.

Patterson-UTI Energy Revenue Breakdown

Patterson-UTI Energy Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Drilling Services	$1.92B	-	-	-	-
Drilling Products	$134.68M	-	-	-	-
Other	$74.58M	$92.01M	$45.66M	$104.86M	-
Pressure Pumping	-	$1.02B	$336.11M	$868.69M	-
Contract Drilling	-	$1.32B	-	-	-
Directional Drilling	-	$216.50M	$73.36M	$188.79M	-
Wireline	-	-	$9.87M	-	-
Well Servicing	-	-	$19.65M	-	-

Patterson-UTI Energy's latest annual revenue breakdown by segment (product or service), as of Dec 23: Drilling Services (90.17%), Drilling Products (6.33%), and Other (3.50%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Dec 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Completion Services	$831.57M	$805.37M	$945.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Drilling Products	$89.10M	$86.05M	$89.97M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Drilling Services	$421.56M	$440.29M	$457.57M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other	$14.99M	$16.48M	$17.82M	$30.20M	$21.13M	$23.25M	$22.82M	$24.92M	$24.45M	$19.81M	$17.11M	$15.60M	$13.18M	$11.92M	$8.87M	$9.84M	$7.97M	$18.97M	$21.49M	$25.74M
Directional Drilling	-	-	-	-	$55.14M	$56.26M	$59.47M	$58.87M	$54.83M	$43.33M	$35.21M	$31.73M	$24.87M	$19.67M	$16.86M	$10.27M	$11.74M	$34.48M	$38.57M	$47.04M
Contract Drilling	-	-	-	-	$432.38M	$419.03M	$399.40M	$356.04M	$304.59M	$256.64M	$230.87M	$157.93M	$141.73M	$133.50M	$115.57M	$115.05M	$171.13M	$267.36M	$270.79M	$317.04M
Pressure Pumping	-	-	-	-	$250.24M	$293.27M	$306.78M	$287.66M	$238.38M	$189.59M	$183.29M	$152.63M	$111.99M	$75.84M	$79.50M	$71.97M	$59.53M	$125.11M	$161.45M	$208.64M

Patterson-UTI Energy's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Completion Services (61.27%), Drilling Services (31.06%), Drilling Products (6.57%), and Other (1.10%).

Patterson-UTI Energy Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Other	$74.58M	$57.81M	$45.66M	$104.86M	-
UNITED STATES	-	$2.58B	-	-	-
COLOMBIA	-	$70.12M	-	-	-

Patterson-UTI Energy's latest annual revenue breakdown by geography, as of Dec 23: Other (100.00%).

Quarterly Revenue by Country

Country	Sep 24	Jun 24	Mar 24	Dec 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Other	$14.99M	$16.48M	$17.82M	$30.20M	$21.13M	$23.25M	$22.82M	$24.92M	$24.45M	$19.81M	$17.11M	$15.60M	$13.18M	$11.92M	$8.87M	$9.84M	$7.97M	$18.97M	$21.49M	$25.74M

Patterson-UTI Energy's latest quarterly revenue breakdown by geography, as of Sep 24: Other (100.00%).

Patterson-UTI Energy Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
PTEN	Patterson-UTI Energy	$4.15B	$1.36B
NBR	Nabors Industries	$3.05B	$743.31M
RIG	Transocean	$2.83B	$948.00M
HP	Helmerich & Payne	$2.76B	$697.72M
NE	Noble	$2.59B	$800.55M
PDS	Precision Drilling	$1.94B	$527.79M
DO	Diamond Offshore Drilling	$1.06B	$274.61M
BORR	Borr Drilling	$800.73M	$227.49M

PTEN Revenue FAQ

What is Patterson-UTI Energy’s yearly revenue?

Patterson-UTI Energy's yearly revenue for 2023 was $4.15B, representing an increase of 56.61% compared to 2022. The company's yearly revenue for 2022 was $2.65B, representing an increase of 95.09% compared to 2021. PTEN's yearly revenue for 2021 was $1.36B, representing an increase of 20.71% compared to 2020.

What is Patterson-UTI Energy’s quarterly revenue?

Patterson-UTI Energy's quarterly revenue for Q3 2024 was $1.36B, a 0.67% increase from the previous quarter (Q2 2024), and a 34.19% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $1.35B, a -10.74% decrease from the previous quarter (Q1 2024), and a 77.65% increase year-over-year (Q2 2023). PTEN's quarterly revenue for Q1 2024 was $1.51B, a -4.67% decrease from the previous quarter (Q4 2023), and a 90.75% increase year-over-year (Q1 2023).

What is Patterson-UTI Energy’s revenue growth rate?

Patterson-UTI Energy's revenue growth rate for the last 3 years (2021-2023) was 205.54%, and for the last 5 years (2019-2023) was 67.83%.

What are Patterson-UTI Energy’s revenue streams?

Patterson-UTI Energy's revenue streams in c 23 are Drilling Services, Drilling Products, and Other. Drilling Services generated $1.92B in revenue, accounting 90.17% of the company's total revenue Drilling Products generated $134.68M in revenue, accounting 6.33% of the company's total revenue Other generated $74.58M in revenue, accounting 3.50% of the company's total revenue, down -18.94% year-over-year.

What is Patterson-UTI Energy’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Patterson-UTI Energy was Drilling Services. This segment made a revenue of $1.92B, representing 90.17% of the company's total revenue.