Universal Technical InstituteNYSE: UTI

The Q3 commentary suggested a delay in the rebound of U.S. oilfield activity. However, PTEN is actively managing capex and is able to turn out ample cash flow even at the current activity levels. The cash flow funds buybacks and dividends; PTEN basically pays investors to wait until the next catalyst, which will likely be a tightening of the U.S. natural gas market.

PTEN projects its fourth-quarter expenses to total $65 million for selling, general and administrative costs and $150 million for capital expenditures.

HOUSTON, TX / ACCESSWIRE / October 23, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended September 30, 2024.

PTEN is expected to report higher revenues from the year-ago period. The company is anticipated to see a lower bottom line due to rising costs.

This is the second consecutive year a Concorde campus has earned the distinction SAN ANTONIO , Oct. 16, 2024 /PRNewswire/ -- Concorde Career College-San Antonio (CCC) has been named "School of the Year" by Career Colleges and Schools of Texas (CCST) in recognition of its exemplary graduation and placement rates, community service, and legislative efforts. The award celebrates a single institution annually by CCST, an association of approximately 200 private post-secondary career colleges and schools in Texas that offer a wide range of occupational curricula.

HOUSTON, TX / ACCESSWIRE / October 14, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, October 24, 2024, at 9:00 a.m.

HOUSTON, TX / ACCESSWIRE / October 3, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of September 2024, the Company had an average of 107 drilling rigs operating in the United States.

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HOUSTON, TX / ACCESSWIRE / September 30, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) ("Patterson-UTI" or "the Company") today announced that its subsidiary, Patterson-UTI TW Holdings LLC, has signed the previously announced joint venture agreement with a subsidiary of ADNOC Drilling, the largest national drilling contractor in the Middle East and the sole provider of drilling rig services in the Emirate of Abu Dhabi.