Patterson-UTI Energy (PTEN) Financials: History & Chart

Patterson-UTI Energy, Inc.(PTEN)

Oil & Gas Drilling · Houston, TX

$11.41-0.14 (-1.21%)

Delayed quote: Oct 6, 2026, 4:00 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.

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Financials

SEC Filings

Quarterly Income Statement (USD)

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Quarterly Report	TTM	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024
Revenue	4.67B	1.23B	1.12B	1.15B	1.18B	1.22B	1.28B	1.16B	1.36B
Cost of Goods Sold	4.01B	947.33M	849.15M	1.09B	1.12B	1.19B	1.19B	1.11B	1.39B
Gross Profit	663.32M	280.64M	268.18M	57.98M	56.52M	28.10M	87.26M	47.88M	-29.36M
Gross Profit Margin	14.2%	22.9%	24.0%	5.0%	4.8%	2.3%	6.8%	4.1%	-2.2%
Total Operating Expenses	716.73M	287.60M	282.49M	62.06M	84.58M	57.59M	70.31M	79.21M	961.26M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	260.30M	67.50M	68.76M	62.06M	61.98M	64.11M	66.93M	73.08M	65.70M
Operating Income (EBIT)	-53.41M	-6.96M	-14.32M	-4.08M	-28.05M	-29.49M	16.95M	-31.34M	-990.63M
Operating Margin	-1.1%	-0.6%	-1.3%	-0.4%	-2.4%	-2.4%	1.3%	-2.7%	-73.0%
Income Before Tax (EBT)	-86.24M	0.00	-28.07M	-15.13M	-43.04M	-47.50M	2.68M	-49.47M	-1.01B
Interest Income	9.58M	2.90M	2.77M	2.43M	1.48M	1.27M	1.46M	928K	745K
Interest Expense	73.05M	20.40M	17.48M	17.68M	17.49M	17.64M	17.70M	17.73M	17.99M
Other Income/Expense	-32.83M	6.96M	-13.76M	-11.05M	-14.99M	-18.02M	-14.27M	-18.13M	-17.96M
Net Income	-89.72M	-19.60M	-24.63M	-9.09M	-36.40M	-49.14M	1.00M	-51.58M	-978.76M
Income Tax Expense	3.16M	19.27M	-3.60M	-5.93M	-6.59M	1.19M	1.39M	1.93M	-30.26M
Net Profit Margin	-1.9%	-1.6%	-2.2%	-0.8%	-3.1%	-4.0%	0.1%	-4.4%	-72.1%
EBITDA	829.30M	210.82M	204.08M	216.86M	197.54M	232.37M	248.81M	223.26M	-615.95M
EBITDA Margin	17.8%	17.2%	18.3%	18.8%	16.8%	19.1%	19.4%	19.2%	-45.4%
Depreciation & Amortization	882.72M	217.78M	218.39M	220.94M	225.60M	261.86M	231.87M	254.60M	374.68M
EPS Basic	-0.23	-0.05	-0.06	-0.02	-0.10	-0.13	0.00	-0.13	-2.50
EPS Diluted	-0.23	-0.05	-0.06	-0.02	-0.10	-0.13	0.00	-0.13	-2.50
Weighted Average Basic Shares	379.89M	379.89M	379.59M	379.24M	384.89M	385.94M	386.52M	389.45M	391.73M
Weighted Average Diluted Shares	379.89M	379.89M	379.59M	379.24M	384.89M	385.94M	387.04M	389.45M	391.73M

Annual Income Statement (USD)

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Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	4.83B	5.38B	4.15B	2.65B	1.36B	1.12B	2.47B	3.33B
Cost of Goods Sold	4.60B	5.09B	3.54B	2.33B	1.93B	1.47B	2.78B	3.32B
Gross Profit	229.86M	286.17M	603.72M	317.10M	-574.04M	-348.58M	-306.88M	8.19M
Gross Profit Margin	4.8%	5.3%	14.6%	12.0%	-42.3%	-31.0%	-12.4%	0.2%
Total Operating Expenses	255.07M	1.18B	251.77M	106.07M	103.70M	543.67M	154.69M	116.50M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	3.84M	3.44M
Selling, General & Administrative	255.07M	268.34M	169.96M	116.59M	92.38M	97.61M	133.51M	134.07M
Operating Income (EBIT)	-25.21M	-889.74M	351.95M	211.03M	-677.75M	-892.26M	-461.58M	-322.18M
Operating Margin	-0.5%	-16.5%	8.5%	8.0%	-49.9%	-79.4%	-18.7%	-9.7%
Income Before Tax (EBT)	-102.99M	-956.95M	307.10M	167.86M	-719.78M	-931.02M	-530.38M	-367.41M
Interest Income	6.65M	5.73M	6.12M	360K	222K	1.25M	6.01M	5.60M
Interest Expense	70.51M	71.96M	52.87M	40.26M	41.98M	40.77M	75.20M	51.58M
Other Income/Expense	-77.78M	-67.21M	-44.85M	-43.17M	-42.03M	-38.76M	-68.80M	-45.23M
Net Income	-93.64M	-968.03M	246.29M	154.66M	-654.54M	-803.69M	-425.70M	-321.42M
Income Tax Expense	-9.94M	9.45M	61.15M	13.20M	-62.70M	-127.33M	-104.67M	-45.99M
Net Profit Margin	-1.9%	-18.0%	5.9%	5.8%	-48.2%	-71.5%	-17.2%	-9.7%
EBITDA	915.05M	282.14M	1.08B	694.98M	171.43M	-221.35M	542.30M	529.26M
EBITDA Margin	19.0%	5.2%	26.1%	26.2%	12.6%	-19.7%	21.9%	15.9%
Depreciation & Amortization	940.26M	1.17B	731.42M	483.94M	849.18M	670.91M	1.00B	851.43M
EPS Basic	-0.24	-2.44	0.88	0.72	-3.37	-4.27	-2.10	-1.47
EPS Diluted	-0.24	-2.44	0.88	0.70	-3.37	-4.27	-2.10	-1.47
Weighted Average Basic Shares	383.46M	397.20M	279.50M	215.94M	195.02M	188.01M	203.04M	218.64M
Weighted Average Diluted Shares	383.46M	397.20M	280.06M	219.50M	195.02M	188.01M	203.04M	218.64M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.