Patterson-UTI Energy (PTEN)
Provides land drilling, integrated well completions, and drill-bit solutions for oil and gas operators.
$11.07
vs last close−0.07 (−0.65%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,011 | 1,584 | 1,510 | 1,348 | 1,357 | 1,162 | 1,281 | 1,219 | 1,176 | 1,151 | 1,117 | 1,228 |
| Cost of revenue | 889 | 1,398 | 1,352 | 1,239 | 1,387 | 1,114 | 1,193 | 1,193 | 1,119 | 1,093 | 849 | 947 |
| Gross profit | 122 | 186 | 158 | 109 | −29 | 48 | 87 | 28 | 57 | 58 | 268 | 281 |
| 113 | 62 | 71 | 64 | 961 | 79 | 70 | 58 | 85 | 62 | 282 | 288 | |
| 45 | 62 | 65 | 64 | 66 | 73 | 67 | 64 | 62 | 62 | 69 | 68 | |
| General & administrative | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 64 | 0 | 0 | 69 | 68 |
| Other expenses | 68 | 0 | 6 | 0 | 896 | 6 | 3 | −7 | 23 | 0 | 214 | 220 |
| Operating income | 10 | 125 | 87 | 45 | −991 | −31 | 17 | −29 | −28 | −4 | −14 | −7 |
| −14 | −31 | −15 | −16 | −18 | −18 | −14 | −18 | −15 | −11 | −14 | 7 | |
| Interest income | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 3 |
| Interest expense | 16 | 19 | 18 | 18 | 18 | 18 | 18 | 18 | 17 | 18 | 17 | 20 |
| Other non-operating income | −2 | 13 | −3 | −11 | 0 | 0 | −3 | 0 | −3 | −7 | −4 | 1 |
| Income before tax | −4 | 93 | 72 | 29 | −1,009 | −49 | 3 | −48 | −43 | −15 | −28 | 0 |
| Income tax expense | −4 | 31 | 20 | 18 | −30 | 2 | 1 | 1 | −7 | −6 | −4 | 19 |
| Net income from continuing operations | 0 | 62 | 52 | 12 | −978 | −51 | 1 | −49 | −36 | −9 | −24 | −19 |
| Net income | 0 | 62 | 51 | 11 | −979 | −52 | 1 | −49 | −36 | −9 | −25 | −20 |
| EPS, basic | $0.00 | $0.15 | $0.13 | $0.03 | −$2.50 | −$0.13 | $0.00 | −$0.13 | −$0.10 | −$0.02 | −$0.06 | −$0.05 |
| EPS, diluted | $0.00 | $0.15 | $0.13 | $0.03 | −$2.50 | −$0.13 | $0.00 | −$0.13 | −$0.10 | −$0.02 | −$0.06 | −$0.05 |
| Weighted average shares, basic | 280 | 416 | 408 | 400 | 392 | 389 | 387 | 386 | 385 | 379 | 380 | 380 |
| Weighted average shares, diluted | 282 | 419 | 410 | 400 | 392 | 389 | 387 | 386 | 385 | 379 | 380 | 380 |
| EBITDA | 209 | 391 | 365 | 324 | −616 | 223 | 252 | 232 | 200 | 223 | 208 | 210 |
| Depreciation & amortization | 198 | 279 | 275 | 268 | 375 | 255 | 232 | 262 | 226 | 221 | 218 | 218 |
| EBIT | 11 | 112 | 90 | 56 | −991 | −32 | 20 | −30 | −26 | 3 | −11 | −8 |
