Patterson-UTI Energy (PTEN) Revenue & Revenue Breakdown
Patterson-UTI Energy Revenue Highlights
Latest Revenue (Y)
$4.15B
Latest Revenue (Q)
$1.35B
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 |
|---|---|---|
| 2024-06-30 | $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 $1.35B in revenue during Q2 2024, up -10.74% compared to the previous quarter, and up 170.27% 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 Products | $134.68M | - | - | - | - |
| Drilling Services | $1.92B | - | - | - | - |
| Other | $74.58M | $92.01M | $45.66M | $104.86M | - |
| Contract Drilling | - | $1.32B | - | - | - |
| Directional Drilling | - | $216.50M | $73.36M | $188.79M | - |
| Pressure Pumping | - | $1.02B | $336.11M | $868.69M | - |
| 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 | 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 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Completion Services | $805.37M | $945.00M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Drilling Products | $86.05M | $89.97M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Drilling Services | $440.29M | $457.57M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other | $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 | $26.40M |
| 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 | $348.14M |
| 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 | $251.01M |
| 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 | $50.22M |
Patterson-UTI Energy's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: Completion Services (59.74%), Drilling Services (32.66%), Drilling Products (6.38%), and Other (1.22%).
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 | - |
| COLOMBIA | - | $70.12M | - | - | - |
| UNITED STATES | - | $2.58B | - | - | - |
Patterson-UTI Energy's latest annual revenue breakdown by geography, as of Dec 23: Other (100.00%).
Quarterly Revenue by Country
| Country | 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 | Jun 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Other | $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 | $26.40M |
Patterson-UTI Energy's latest quarterly revenue breakdown by geography, as of Jun 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 | $1.35B |
| NBR | Nabors Industries | $3.05B | $734.80M |
| HP | Helmerich & Payne | $2.87B | $697.72M |
| RIG | Transocean | $2.83B | $861.00M |
| NE | Noble | $2.59B | $692.84M |
| 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 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). The company'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). PTEN's quarterly revenue for Q4 2023 was $1.58B, a 56.64% increase from the previous quarter (Q3 2023), and a 100.93% increase year-over-year (Q4 2022).
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 Products, Drilling Services, and Other. Drilling Products generated $134.68M in revenue, accounting 6.33% of the company's total revenue Drilling Services generated $1.92B in revenue, accounting 90.17% 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.