Patterson-UTI Energy (PTEN) Debt/Equity Ratio: History & Chart

Patterson-UTI Energy, Inc.(PTEN)

Oil & Gas Drilling · Houston, TX

$11.33-0.22 (-1.89%)

Delayed quote: Oct 6, 2026, 3:00 PM EDT

About Patterson-UTI Energy, Inc.

Patterson-UTI Energy, Inc. (PTEN) is a key provider of onshore contract drilling services for oil and natural gas exploration and production companies. Its operations span across the United States and international markets. The company's diverse business model is structured around three primary segments: 1. Contract Drilling Services: This division delivers drilling solutions predominantly in prominent U.S. basins such as West Texas, Appalachia, the Rockies, Oklahoma, and both South and East Texas, alongside operations in Colombia. As of late 2021, its robust fleet comprised 192 marketable land-based drilling rigs. 2. Pressure Pumping Services: Specializing in well site operations, this segment provides a range of pressure pumping services. These include comprehensive well stimulation for new well completions and remedial interventions on existing wells, in addition to hydraulic fracturing, cementing, and acid pumping activities within Texas and the Appalachian region. 3. Directional Drilling Services: This segment focuses on advanced drilling technologies, offering a complete suite of directional drilling and measurement-while-drilling (MWD) services. It also provides the supply and rental of high-performance downhole motors, complemented by specialized software and support services designed to optimize the precision, quality, and drilling efficiency (on-bottom rate of penetration) of directional and horizontal wellbores. Beyond these core offerings, Patterson-UTI also extends equipment maintenance services to drilling contractors. Furthermore, it delivers sophisticated electrical controls and automation solutions to the energy, marine, and mining sectors across North America and other international areas. The company maintains a portfolio of non-operating working interests in oil and natural gas assets, primarily situated in Texas and New Mexico. Established in 1978, Patterson-UTI Energy, Inc. is headquartered in Houston, Texas.

Houston, TX

7,900 employees

www.patenergy.com

Energy / Oil & Gas Drilling

Sector: Energy
Industry: Oil & Gas Drilling
CEO: William Andrew Hendricks Jr.

View full financials

PTEN Debt to Equity Ratio Metrics

DEBT TO EQUITY RATIO

0.41

DEBT TO EQUITY RATIO AVG TTM

0.40

DEBT TO EQUITY RATIO AVG 3Y

0.36

DEBT TO EQUITY RATIO AVG 5Y

0.43

DEBT TO EQUITY RATIO AVG 10Y

0.38

DEBT TO EQUITY RATIO AVG 15Y

0.34

DEBT TO EQUITY RATIO AVG 20Y

0.26

CURRENT VS TTM AVG

+2.45%

CURRENT VS 3Y AVG

+11.96%

CURRENT VS 5Y AVG

-5.09%

CURRENT VS 10Y AVG

+7.09%

CURRENT VS 15Y AVG

+20.04%

CURRENT VS 20Y AVG

+55.15%

SECTOR MEDIAN · ENERGY

0.49

median of 105 covered companies

CURRENT VS SECTOR MEDIAN

-16.93%

vs the sector median at left

NAME	MARKET CAP	DEBT TO EQUITY RATIO	TTM	3Y	5Y
Patterson-UTI Energy, Inc. (PTEN)	$4.30B	0.41	0.40	0.36	0.43
Icahn Enterprises L.P. (IEP)vs ›	$4.46B	4.32	2.56	2.74	2.79
Enphase Energy, Inc. (ENPH)vs ›	$4.48B	0.52	1.37	1.42	1.47
Oceaneering International, Inc. (OII)vs ›	$4.47B	0.70	0.82	1.17	1.37
Helmerich & Payne, Inc. (HP)vs ›	$3.96B	0.72	0.74	0.48	0.41
California Resources Corp (CRC)vs ›	$4.68B	0.40	0.36	0.34	0.38
Golar LNG Limited (GLNG)vs ›	$5.09B	1.38	1.11	0.82	1.01
Plains GP Holdings LP (PAGP)vs ›	$5.19B	5.47	7.21	6.34	6.49
Alliance Resource Partners, L.P. (ARLP)vs ›	$3.18B	0.33	0.27	0.25	0.32
Centrus Energy Corp. (LEU)vs ›	$2.93B	1.39	2.49	3.49	3.49

NAME

MARKET CAP

DEBT TO EQUITY RATIO

TTM

Patterson-UTI Energy, Inc. (PTEN)

$4.30B

0.41

0.40

0.36

0.43

Icahn Enterprises L.P. (IEP)vs ›

$4.46B

4.32

2.56

2.74

2.79

Enphase Energy, Inc. (ENPH)vs ›

$4.48B

0.52

1.37

1.42

1.47

Oceaneering International, Inc. (OII)vs ›

$4.47B

0.70

0.82

1.17

1.37

Helmerich & Payne, Inc. (HP)vs ›

$3.96B

0.72

0.74

0.48

0.41

California Resources Corp (CRC)vs ›

$4.68B

0.40

0.36

0.34

0.38

Golar LNG Limited (GLNG)vs ›

$5.09B

1.38

1.11

0.82

1.01

Plains GP Holdings LP (PAGP)vs ›

$5.19B

5.47

7.21

6.34

6.49

Alliance Resource Partners, L.P. (ARLP)vs ›

$3.18B

0.33

0.27

0.25

0.32

Centrus Energy Corp. (LEU)vs ›

$2.93B

1.39

2.49

3.49

Debt to Equity Ratio FAQ

What is the debt to equity ratio for Patterson-UTI Energy, Inc. (PTEN)?

The debt to equity ratio for PTEN stock is 0.41.

Is Patterson-UTI Energy, Inc.'s debt to equity ratio high or low?

The debt to equity ratio of 0.41 is in line with its 5-year average of 0.43, around the middle of its 5-year range (0.28–0.57).

What is the TTM average debt to equity ratio for Patterson-UTI Energy, Inc. (PTEN)?

The TTM average debt to equity ratio for PTEN stock is 0.40.

What is the 3Y average debt to equity ratio for Patterson-UTI Energy, Inc. (PTEN)?

The 3Y average debt to equity ratio for PTEN stock is 0.36.

What is the 5Y average debt to equity ratio for Patterson-UTI Energy, Inc. (PTEN)?

The 5Y average debt to equity ratio for PTEN stock is 0.43.

What is the 10Y average debt to equity ratio for Patterson-UTI Energy, Inc. (PTEN)?

The 10Y average debt to equity ratio for PTEN stock is 0.38.

What is the 15Y average debt to equity ratio for Patterson-UTI Energy, Inc. (PTEN)?

The 15Y average debt to equity ratio for PTEN stock is 0.34.

What is the 20Y average debt to equity ratio for Patterson-UTI Energy, Inc. (PTEN)?

The 20Y average debt to equity ratio for PTEN stock is 0.26.

DATE	DEBT TO EQUITY RATIO
2026-06-30	0.41
2026-03-31	0.40
2025-12-31	0.40
2025-09-30	0.40
2025-06-30	0.39
2025-03-31	0.38
2024-12-31	0.37
2024-09-30	0.37
2024-06-30	0.29
2024-03-31	0.28
2023-12-31	0.28
2023-09-30	0.28
2023-06-30	0.49
2023-03-31	0.51
2022-12-31	0.51
2022-09-30	0.54
2022-06-30	0.57
2022-03-31	0.56
2021-12-31	0.55
2021-09-30	0.54
2021-06-30	0.51
2021-03-31	0.48
2020-12-31	0.46
2020-09-30	0.47
2020-06-30	0.45
2020-03-31	0.42
2019-12-31	0.35
2019-09-30	0.34
2019-06-30	0.35
2019-03-31	0.34
2018-12-31	0.32
2018-09-30	0.30
2018-06-30	0.29
2018-03-31	0.28
2017-12-31	0.22
2017-09-30	0.21
2017-06-30	0.20
2017-03-31	0.22
2016-12-31	0.27
2016-09-30	0.26
2016-06-30	0.34
2016-03-31	0.34
2015-12-31	0.33
2015-09-30	0.33
2015-06-30	0.30
2015-03-31	0.30
2014-12-31	0.34
2014-09-30	0.24
2014-06-30	0.24
2014-03-31	0.25
2013-12-31	0.25
2013-09-30	0.25
2013-06-30	0.25
2013-03-31	0.26
2012-12-31	0.26
2012-09-30	0.23
2012-06-30	0.23
2012-03-31	0.15
2011-12-31	0.20
2011-09-30	0.17
2011-06-30	0.17
2011-03-31	0.18
2010-12-31	0.18
2010-09-30	0.05
2010-06-30	0.00
2010-03-31	0.00
2009-12-31	0.00
2009-09-30	0.00
2009-06-30	0.00
2009-03-31	0.00
2008-12-31	0.00
2008-09-30	0.00
2008-06-30	0.00
2008-03-31	0.00
2007-12-31	0.03
2007-09-30	0.01
2007-06-30	0.01
2007-03-31	0.00
2006-12-31	0.08
2006-09-30	0.04
2006-06-30	0.00
2006-03-31	0.00
2005-12-31	0.00
2005-09-30	0.00
2005-06-30	0.00
2005-03-31	0.00
2004-12-31	0.00
2004-09-30	0.00
2004-06-30	0.00
2004-03-31	0.00
2003-12-31	0.00
2003-09-30	0.00
2003-06-30	0.00
2003-03-31	0.00
2002-12-31	0.00
2002-09-30	0.00

DATE

DEBT TO EQUITY RATIO

2026-06-30

0.41

2026-03-31

0.40

2025-12-31

0.40

2025-09-30

0.40

2025-06-30

0.39

2025-03-31

0.38

2024-12-31

0.37

2024-09-30

0.37

2024-06-30

0.29

2024-03-31

0.28

2023-12-31

0.28

2023-09-30

0.28

2023-06-30

0.49

2023-03-31

0.51

2022-12-31

0.51

2022-09-30

0.54

2022-06-30

0.57

2022-03-31

0.56

2021-12-31

0.55

2021-09-30

0.54

2021-06-30

0.51

2021-03-31

0.48

2020-12-31

0.46

2020-09-30

0.47

2020-06-30

0.45

2020-03-31

0.42

2019-12-31

0.35

2019-09-30

0.34

2019-06-30

0.35

2019-03-31

0.34

2018-12-31

0.32

2018-09-30

0.30

2018-06-30

0.29

2018-03-31

0.28

2017-12-31

0.22

2017-09-30

0.21

2017-06-30

0.20

2017-03-31

0.22

2016-12-31

0.27

2016-09-30

0.26

2016-06-30

0.34

2016-03-31

0.34

2015-12-31

0.33

2015-09-30

0.33

2015-06-30

0.30

2015-03-31

0.30

2014-12-31

0.34

2014-09-30

0.24

2014-06-30

0.24

2014-03-31

0.25

2013-12-31

0.25

2013-09-30

0.25

2013-06-30

0.25

2013-03-31

0.26

2012-12-31

0.26

2012-09-30

0.23

2012-06-30

0.23

2012-03-31

0.15

2011-12-31

0.20

2011-09-30

0.17

2011-06-30

0.17

2011-03-31

0.18

2010-12-31

0.18

2010-09-30

0.05

2010-06-30

0.00

2010-03-31

0.00

2009-12-31

0.00

2009-09-30

0.00

2009-06-30

0.00

2009-03-31

0.00

2008-12-31

0.00

2008-09-30

0.00

2008-06-30

0.00

2008-03-31

0.00

2007-12-31

0.03

2007-09-30

0.01

2007-06-30

0.01

2007-03-31

0.00

2006-12-31

0.08

2006-09-30

0.04

2006-06-30

0.00

2006-03-31

0.00

2005-12-31

0.00

2005-09-30

0.00

2005-06-30

0.00

2005-03-31

0.00

2004-12-31

0.00

2004-09-30

0.00

2004-06-30

0.00

2004-03-31

0.00

2003-12-31

0.00

2003-09-30

0.00

2003-06-30

0.00

2003-03-31

0.00

2002-12-31

0.00

2002-09-30

0.00

Debt to Equity Ratio: 0.41

PTEN Debt to Equity Ratio

PTEN Average Debt to Equity Ratio Chart

PTEN Current vs Average Debt to Equity Ratio Chart

PTEN Debt to Equity Ratio Metrics

PTEN Competitors' Debt to Equity Ratio

Financial Health

Debt to Equity Ratio Formula & Definition

Debt to Equity Ratio FAQ

PTEN Debt to Equity Ratio History

Related Metrics