Profile
Sector:
EnergyIndustry:
Oil & Gas DrillingCountry:
United StatesIPO:
02 November 1993Website:
http://www.patenergy.comNext earnings report:
14 February 2025Last dividends:
03 September 2024Next dividends:
02 December 2024Price
after hours | Tue, 19 Nov 2024 23:25:34 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
PTEN Latest News
Patterson-UTI (PTEN) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.01. This compares to earnings of $0.20 per share a year ago.
Patterson-UTI (PTEN) reported earnings 30 days ago. What's next for the stock?
Patterson-UTI (PTEN) anticipates to generate 40% of its free cash flow from adjusted EBITDA by 2024.
Patterson-UTI (PTEN) is expected to report higher revenues from the year-ago period's level. Despite this increase, the company is anticipated to see a lower bottom line due to rising costs.
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.
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What type of business is Patterson-UTI Energy?
Patterson-UTI Energy, Inc., through its subsidiaries, engages in the provision of contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Drilling Services, Completion Services, and Drilling Products. The Contract Drilling Services segment provides contract and directional drilling services in onshore oil and natural gas basins, as well as engages in the service and re-certification of equipment for drilling contractors, and provision of electrical controls and automation to the energy, marine and mining industries. The Completion Services segment offers services for hydraulic fracturing, wireline and pumping, completion support, and cementing; and involved in the power solutions natural gas fueling, and logistics and storage businesses. The Drilling Products segment manufactures and distributes drill bits for energy and mining markets. It also provides software and services, such as MWD Survey FDIR, a data analytics technology to analyze MWD survey data in real-time and identify the position of a well; HiFi Nav, which enhances FDIR by targeting improved vertical placement of the directional well within the reservoir; HiFi Guidance, utilizes trajectory optimization to determine optimal steering recommendations and placement within the reservoir; and rents oilfield tools. The company 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 was Patterson-UTI Energy the previous earnings report?
No data
When does Patterson-UTI Energy earnings report?
The next expected earnings date for Patterson-UTI Energy is 14 February 2025