Patterson-UTI Energy, Inc. (PTEN) Financials

NASDAQ:PTEN

Market Cap

6.29B

Total Revenue

2.65B

Gross Profit

317.10M

Operating Income

-273.76M

Net Income

154.66M

Metric	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
revenue	2,716,034,000	3,182,291,000	1,891,277,000	915,866,000	2,356,684,000	3,326,997,000	2,470,685,000	1,124,249,000	1,357,081,000	2,647,592,000
costOfRevenue	2,323,375,000	2,834,801,000	2,097,128,000	1,317,210,000	2,500,881,000	3,318,805,000	2,777,570,000	1,472,833,000	1,931,126,000	2,330,495,000
grossProfit	392,659,000	347,490,000	-205,851,000	-401,344,000	-144,197,000	8,192,000	-306,885,000	-348,584,000	-574,045,000	317,097,000
researchAndDevelopmentExpenses	--	--	--	--	--	3,444,000	3,840,000	--	--	--
sellingAndMarketingExpenses	--	--	--	--	--	12,684,000	--	--	--	--
generalAndAdministrativeExpenses	73,852,000	80,145,000	87,173,000	69,205,000	105,847,000	134,071,000	133,513,000	97,611,000	92,382,000	116,589,000
sellingGeneralAndAdministrativeExpenses	73,852,000	80,145,000	87,173,000	69,205,000	105,847,000	134,071,000	133,513,000	97,611,000	92,382,000	116,589,000
operatingExpenses	73,852,000	80,145,000	87,173,000	54,882,000	73,890,000	116,502,000	136,891,000	104,670,000	93,145,000	103,997,000
operatingIncome	322,191,000	283,126,000	-406,972,000	-456,226,000	-292,538,000	-322,177,000	-461,576,000	-892,258,000	-677,750,000	-273,758,000
totalOtherIncomeExpensesNet	5,075,000	15,784,000	-113,914,000	69,000	-74,108,000	-213,117,000	-68,802,000	-38,760,000	-42,031,000	441,620,000
ebitda	321,416,000	268,327,000	-292,026,000	-455,830,000	-215,878,000	-101,963,000	-437,374,000	-451,244,000	-667,243,000	210,187,000
depreciationAndAmortization	597,469,000	718,730,000	864,759,000	668,434,000	783,341,000	916,318,000	24,202,000	441,014,000	10,507,000	483,945,000
interestIncome	918,000	979,000	964,000	327,000	1,866,000	5,597,000	6,013,000	1,254,000	222,000	360,000
interestExpense	28,359,000	29,825,000	36,475,000	40,366,000	37,472,000	51,578,000	75,204,000	40,770,000	41,978,000	40,256,000
incomeBeforeTax	296,441,000	254,283,000	-442,449,000	-496,196,000	-327,801,000	-367,408,000	-530,378,000	-931,018,000	-719,781,000	167,862,000
incomeTaxExpense	108,432,000	91,619,000	-147,963,000	-177,562,000	-333,711,000	-45,987,000	-104,675,000	-127,326,000	-62,702,000	13,204,000
netIncome	188,009,000	162,664,000	-294,486,000	-318,634,000	5,910,000	-321,421,000	-425,703,000	-803,692,000	-657,079,000	154,658,000
eps	1.29	1.12	-2.03	-2.18	0.03	-1.47	-2.1	-4.27	-3.37	0.72
epsdiluted	1.28	1.11	-2.03	-2.18	0.03	-1.47	-2.1	-4.27	-3.37	0.7
weightedAverageShsOut	144,356,000	144,066,000	145,416,000	146,178,000	198,447,000	218,643,000	203,039,000	188,013,000	195,021,000	215,935,000
weightedAverageShsOutDil	145,303,000	145,376,000	145,416,000	146,178,000	199,882,000	218,643,000	203,039,000	188,013,000	195,021,000	219,496,000
costAndExpenses	2,397,227,000	2,914,946,000	2,184,301,000	1,372,092,000	2,574,771,000	3,435,307,000	2,914,461,000	1,577,503,000	2,024,271,000	2,434,492,000
otherExpenses	1,691,000	3,000	34,000	69,000	343,000	750,000	-462,000	7,059,000	763,000	-12,592,000

Key Facts

Industry

Oil & Gas Drilling

Sector

Energy

Headquarters

Houston, TX, US

Website

patenergy.com

CEO

Mr. William Andrew Hendricks Jr.

Employees

6500

About the Company

Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services. The Contract Drilling Services segment markets its contract drilling services primarily in west Texas, Appalachia, Rockies, Oklahoma, South Texas, East Texas, and Colombia. As of December 31, 2021, this segment had a drilling fleet of 192 marketable land-based drilling rigs. The Pressure Pumping Services segment offers pressure pumping services that consist of well stimulation for the completion of new wells and remedial work on existing wells, as well as hydraulic fracturing, cementing, and acid pumping services in Texas and the Appalachian region. The Directional Drilling Services segment provides a suite of directional drilling services, including directional drilling and measurement-while-drilling services; supply and rental of downhole performance motors; and software and services that enhances the accuracy of directional and horizontal wellbores, wellbore quality, and on-bottom rate of penetration. It also services equipment to drilling contractors, as well as provides electrical controls and automation to the energy, marine, and mining industries in North America and other markets; and owns and invests in oil and natural gas assets as a non-operating working interest owner located principally in Texas and New Mexico. Patterson-UTI Energy, Inc. was founded in 1978 and is headquartered in Houston, Texas.