Profile
Sector:
EnergyIndustry:
Oil & Gas DrillingCountry:
United StatesIPO:
02 November 1993Website:
http://www.patenergy.comNext earnings report:
26 July 2024Last dividends:
03 June 2024Next dividends:
N/APrice
after hours | Fri, 28 Jun 2024 23:39:10 GMTAnalysts recommendations
Institutional Ownership
PTEN Latest News
Patterson-UTI anticipates second quarter Completion Services revenues of $860 million, with direct operating costs of $690 million and an adjusted gross profit of $170 million.
HOUSTON, TX / ACCESSWIRE / April 8, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, May 2, 2024, at 9:00 a.m.
Patterson-UTI (PTEN) plans to spend $740 million on capital expenditures in 2024. The company expects an effective tax rate of 24% and annual cash taxes of $35-$45 million for the year.
While the top- and bottom-line numbers for Patterson-UTI (PTEN) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Patterson-UTI (PTEN) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.46 per share a year ago.
Patterson-UTI (PTEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
HOUSTON, TX / ACCESSWIRE / January 19, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, February 15, 2024, at 9:00 a.m.
Patterson-UTI (PTEN) expects total capital outlay for the fourth quarter of 2023 to be approximately $190 million.
Patterson-UTI Energy Inc. (PTEN) Q3 2023 Earnings Call Transcript
Patterson-UTI Energy (PTEN) beat the Zacks Consensus Estimate for earnings thrice in the last four quarters and met in the other, resulting in an earnings surprise of 20.5%, on average.
- 1(current)
What type of business is Patterson-UTI Energy?
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.
What sector is Patterson-UTI Energy in?
Patterson-UTI Energy is in the Energy sector
What industry is Patterson-UTI Energy in?
Patterson-UTI Energy is in the Oil & Gas Drilling industry
What country is Patterson-UTI Energy from?
Patterson-UTI Energy is headquartered in United States
When did Patterson-UTI Energy go public?
Patterson-UTI Energy initial public offering (IPO) was on 02 November 1993
What is Patterson-UTI Energy website?
https://www.patenergy.com
Is Patterson-UTI Energy in the S&P 500?
No, Patterson-UTI Energy is not included in the S&P 500 index
Is Patterson-UTI Energy in the NASDAQ 100?
No, Patterson-UTI Energy is not included in the NASDAQ 100 index
Is Patterson-UTI Energy in the Dow Jones?
No, Patterson-UTI Energy is not included in the Dow Jones index
When does Patterson-UTI Energy report earnings?
The next expected earnings date for Patterson-UTI Energy is 26 July 2024