PTEN
Energy

Patterson-UTI Energy, Inc.

PTEN
Since 1978

Headquarters:

TX, United States

Exchange:

NASDAQ

Industry:

Oil & Gas Drilling

Number of Employees:

10.60K

Current Fiscal Year:

2024

Market Cap:

2.20B

Price per Share:

$5.64

Quarterly Dividend per Share:

$0.08
Year-to-date Performance:
-33.8804%
Dividend Yield:
5.86%
Price-to-book Ratio:
0.62
Trailing P/E Ratio:
N/A

Price History

Latest Prices

DateOpenHighLowClose
2025-04-305.776.015.55.64
2025-04-295.886.0455.765.95
2025-04-286.16.255.936.01
2025-04-256.026.1055.926.09
2025-04-246.216.2766.1

Patterson-UTI Energy, Inc., through its subsidiaries, engages in the provision of contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Drilling Services, Completion Services, and Drilling Products. The Contract Drilling Services segment provides contract and directional drilling services in onshore oil and natural gas basins, as well as engages in the service and re-certification of equipment for drilling contractors, and provision of electrical controls and automation to the energy, marine and mining industries. The Completion Services segment offers services for hydraulic fracturing, wireline and pumping, completion support, and cementing; and involved in the power solutions natural gas fueling, and logistics and storage businesses. The Drilling Products segment manufactures and distributes drill bits for energy and mining markets. It also provides software and services, such as MWD Survey FDIR, a data analytics technology to analyze MWD survey data in real-time and identify the position of a well; HiFi Nav, which enhances FDIR by targeting improved vertical placement of the directional well within the reservoir; HiFi Guidance, utilizes trajectory optimization to determine optimal steering recommendations and placement within the reservoir; and rents oilfield tools. The company was founded in 1978 and is headquartered in Houston, Texas.

Financial Performance

2024 Revenue:5.80B

Detailed view of quarterly revenue

2024 Net Income:-854.50M

Detailed view of quarterly net income

2024 Free Cash Flow:569.02M

Overview of free cash flow for the quarter

Annual Revenue Comparison

Compares total annual revenues

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