PATTERSON UTI ENERGY INC PTEN

Energy SIC 1381 - Drilling Oil & Gas Wells NAICS Mining, Quarrying, and Oil and Gas Extraction › Support Activities for Mining › Drilling Oil and Gas Wells derived Nasdaq

We are a Houston, Texas-based leading provider of drilling and completion services to oil and natural gas exploration and production companies in the United States and other select countries, including contract drilling services, integrated well completion services and directional drilling services in the United States, and specialized drill bit solutions in the United States, Middle East and many other regions around the world. We operate under three reportable business segments: (i) drilling services, (ii) completion services, and (iii) drilling products.

Our contract drilling business operates in the continental United States and internationally in Colombia and Ecuador and, from time to time, we pursue contract drilling opportunities in other select markets. We also provide a comprehensive suite of directional drilling services in most major producing onshore oil and natural gas basins in the United States, and we provide services that improve the statistical accuracy of wellbore placement for directional and horizontal wells. We also provide electrical controls and automation to the energy, marine and mining industries, in North America and other select markets.

Last close 12.25 2026-10-26
Market cap $4.67B 2026-06-30 share count
52-week range 5.24 - 13.39

Valuation FY2025 figures against the last close

P/S1.0x
P/E—
P/FCF12.6x
EV/EBITDA—
Dividend yield2.6%
Diluted EPS-0.24

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $4.79B$5.31B$4.07B$2.57B$1.36B$1.12B$2.47B$3.33B$2.36B$915.9M
SG&A $255.1M$268.3M$170.0M$116.6M$92.4M$97.6M$133.5M$134.1M$105.8M$69.2M
Total operating expenses $4.87B$6.27B$3.79B$2.44B$2.03B$2.02B$2.93B$3.65B$2.65B$1.37B
Operating income -$40.8M-$889.7M$352.0M$211.0M-$677.8M-$892.3M-$461.6M-$322.2M-$292.5M-$456.2M
Interest expense $70.5M$72.0M$52.9M$40.3M$42.0M$40.8M$75.2M$51.6M$37.5M$40.4M
Pre-tax income -$103.0M-$956.9M$307.1M$167.9M-$719.8M-$931.0M-$530.4M-$367.4M-$327.8M-$496.2M
Income tax $9.9M$9.5M$61.2M$13.2M$62.7M$127.3M$104.7M$46.0M$333.7M$177.6M
Net income -$93.1M-$966.4M$246.0M$154.7M-$654.5M-$803.7M-$425.7M-$321.4M$5.9M-$318.6M
EPS, basic -0.24-2.440.880.72-3.36-4.27-2.10-1.470.03-2.18
EPS, diluted -0.24-2.440.880.70-3.36-4.27-2.10-1.470.03-2.18
Shares, diluted (wtd. avg.) 383.5M397.2M280.1M219.5M195,021188,013203,039218.6M199.9M146.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $418.5M$239.2M$192.7M$137.6M$117.5M$224.9M$174.2M$245.0M$42.8M$35.2M
Receivables $723.3M$763.8M$971.1M$565.5M$356.1M$160.2M$339.7M$558.8M$580.4M$148.1M
Inventory $160.3M$167.0M$180.8M$65.4M$42.4M$33.1M$36.4M$65.6M$69.2M$20.2M
Total current assets $1.42B$1.30B$1.49B$829.4M$583.7M$478.0M$631.8M$950.2M$746.9M$246.9M
Property, plant and equipment $2.71B$3.01B$3.34B$2.26B$2.33B$2.76B$3.31B$4.00B$4.25B$3.41B
Goodwill $487.4M$487.4M$1.38B$0$0—$395.1M$410.8M$611.5M$86.2M
Other intangibles $814.8M$929.6M$1.05B$5.8M$7.5M$30.1M$48.9M$66.9M$75.6M$2.7M
Total assets $5.57B$5.83B$7.42B$3.14B$2.96B$3.30B$4.44B$5.47B$5.76B$3.77B
Accounts payable $470.8M$421.3M$534.4M$237.1M$190.2M$91.0M$170.5M$289.0M$319.6M$125.7M
Short-term debt $0$6.4M$12.2M$0——————
Total current liabilities $863.6M$842.0M$1.05B$551.0M$435.9M$273.7M$400.6M$526.3M$546.2M$264.8M
Long-term debt $1.22B$1.22B$1.22B$830.9M$852.3M$901.5M$966.5M$1.12B$598.8M$598.4M
Total liabilities $2.35B$2.36B$2.60B$1.48B$1.35B$1.28B$1.61B$1.96B$1.78B$1.52B
Retained earnings -$1.26B-$1.04B$57.0M-$87.4M-$198.3M$472.0M$1.29B$1.75B$2.11B$2.12B
Total equity $3.22B$3.47B$4.82B$1.67B$1.61B$2.02B$2.83B$3.51B$3.98B$2.25B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $961.2M$1.18B$1.01B$566.2M$95.5M$278.9M$696.2M$730.7M$300.7M$305.0M
Stock-based compensation $39.3M$46.4M$46.8M$21.1M$21.6M$26.6M$39.3M$37.9M$44.5M$28.3M
Capital expenditure $589.0M$678.4M$615.7M$436.8M$166.3M$145.5M$347.5M$641.5M$567.1M$119.8M
Investing cash flow -$567.2M-$654.7M-$1.02B-$413.2M-$131.6M-$125.0M-$301.8M-$584.6M-$1.01B-$97.8M
Financing cash flow -$210.7M-$475.0M$65.6M-$133.4M-$71.9M-$103.2M-$465.2M$56.9M$716.6M-$285.3M
Dividends paid $122.5M$126.8M$100.0M$43.1M$15.6M$18.9M$32.4M$30.6M$16.3M$23.6M
Buybacks $69.6M$290.4M$200.7M$70.1M$6.3M$21.2M$255.5M$161.7M$6.8M$3.6M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000889900-26-000020.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2B 0 2B 4B 6B Revenue, FY2016: 915.9M Net income, FY2016: -318.6M Revenue, FY2017: 2.4B Net income, FY2017: 5.9M Revenue, FY2018: 3.3B Net income, FY2018: -321.4M Revenue, FY2019: 2.5B Net income, FY2019: -425.7M Revenue, FY2020: 1.1B Net income, FY2020: -803.7M Revenue, FY2021: 1.4B Net income, FY2021: -654.5M Revenue, FY2022: 2.6B Net income, FY2022: 154.7M Revenue, FY2023: 4.1B Net income, FY2023: 246M Revenue, FY2024: 5.3B Net income, FY2024: -966.4M Revenue, FY2025: 4.8B Net income, FY2025: -93.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $915.9M $2.36B $3.33B $2.47B $1.12B $1.36B $2.57B $4.07B $5.31B $4.79B
Gross profit — — — — — — — — — —
Net income -$318.6M $5.9M -$321.4M -$425.7M -$803.7M -$654.5M $154.7M $246.0M -$966.4M -$93.1M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Other event Item 8.01
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 1381

TickerCompanyMarket capP/ERevenue growth
NE Noble Corp plc $7.63B 35.4x 7.4%
RIG Transocean Ltd. $7.29B — 12.5%
VAL Valaris Ltd $6.89B 7.2x 24.0%
HP Helmerich & Payne, Inc. $3.98B — 34.0%
SDRL Seadrill Ltd $3.25B — 7.9%
HPK HighPeak Energy, Inc. $1.44B 81.4x -22.7%
NBR NABORS INDUSTRIES LTD $1.31B 4.7x 8.7%
BORR Borr Drilling Ltd — — 1.0%