Patterson-UTI Energy Inc Overview
Industry: Oil & Gas Related Equipment and Services
Sector: Energy
Patterson-UTI Energy, Inc., through its subsidiaries, provides 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. 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. Patterson-UTI Energy, Inc., through its subsidiaries, provides 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 Contr Read MoreMavefund brings filings, fundamentals, valuation, price history and news for Patterson-UTI Energy Inc into one research view. The sections below show what strengthens or weakens the research case.
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Reported Results
What the company reported, with filing details kept small.
Quarterly result summary
Revenue was $1.1B (reported). Operating income was -$0.2M (-101% YoY). Net income was -$9.2M (-813% YoY).
What changed
- Revenue reported to $1.1B.
- Operating income -101% YoY to -$0.2M.
- Net income -813% YoY to -$9.2M.
Source: SEC EDGAR company-filed earnings materials. Dates are shown only for verification; review the source filing before relying on extracted report details.
Other recent earnings materials
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Recent News
Company-relevant articles from sources that pass the Mave Signal relevance and reliability checks.
Patterson-UTI Energy to Report Q2 Earnings: What's in Store?
Headline from Zacks Investment Research: Patterson-UTI Energy to Report Q2 Earnings: What's in Store?
Is NeoGenomics (NEO) Undervalued After Its FDA Approved PTEN Test Launch?
Headline from Yahoo Finance: Is NeoGenomics (NEO) Undervalued After Its FDA Approved PTEN Test Launch?
Caris Life Sciences (CAI) Launches In House PTEN Test After FDA Prostate Cancer Approval
Headline from Yahoo Finance: Caris Life Sciences (CAI) Launches In House PTEN Test After FDA Prostate Cancer Approval.
Patterson-UTI (PTEN) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release
Headline from Yahoo Finance: Patterson-UTI (PTEN) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release.
Patterson-UTI Energy, Inc. (PTEN) Stock Forecasts
Headline from Yahoo Finance: Patterson-UTI Energy, Inc. (PTEN) Stock Forecasts.
Wall Street Analysts Predict a 25.83% Upside in Patterson-UTI (PTEN): Here's What You Should Know
Headline from Zacks Investment Research: Wall Street Analysts Predict a 25.83% Upside in Patterson-UTI (PTEN): Here's What You Should Know.
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Financial Statements
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Source: SEC EDGAR companyfacts. Values are standardized company filings for research support, not personalized financial advice.