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XNAS
PTEN
Market cap4.34bUSD
Oct 08, Last price  
11.48USD
1D
2.23%
1Q
22.26%
Jan 2017
-57.36%
Name

Patterson-UTI Energy Inc

Chart & performance

D1W1MN
XNAS:PTEN chart
P/E
—
P/S
0.90
EPS
—
Div yield, %
2.80%
Shrs. gr., 5y
15.32%
Rev. gr., 5y
33.83%
Revenues
4.83b
-10.25%
2,546,586,0002,114,194,0002,209,126,000781,946,0001,462,931,0002,565,943,0002,723,414,0002,716,034,0003,182,291,0001,891,277,000915,866,0002,356,684,0003,326,997,0002,470,685,0001,124,249,0001,357,081,0002,647,592,0004,146,456,0005,377,911,0004,826,624,000
Net income
-94m
L-90.33%
673,254,000438,639,000347,069,000-38,290,000116,942,000322,413,000299,477,000188,009,000162,664,000-294,486,000-318,634,0005,910,000-321,421,000-425,703,000-803,692,000-654,545,000154,658,000246,292,000-968,031,000-93,635,000
CFO
961m
-18.23%
837,170,000812,224,000675,004,000453,677,000525,698,000868,597,0001,005,340,000888,871,000728,726,000999,437,000305,034,000300,711,000730,670,000696,203,000278,858,00095,496,000566,188,0001,005,914,0001,175,536,000961,219,000
Dividend
Sep 01, 20260.1 USD/sh

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Profile

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.

Related entities

Subsidiaries
PATTERSON-UTI MANAGEMENT SERVICES, LLC

Key people

Curtis Huff
Independent Chairman of the Board · since 2020
William Hendricks
President, Chief Executive Officer, Director · since 2017
Independent Vice Chairman of the Board · since 2023
C. Andrew Smith
Chief Financial Officer, Executive Vice President · since 2017
Kenneth Berns
Executive Vice President, Chief Commercial Officer · since 2017
James Holcomb
Chief Operating Officer · since 2025
Seth Wexler
Senior Vice President, General Counsel, Secretary · since 2017
Leslie Beyer
Independent Director · since 2023
Independent Director · since 2014
Independent Director · since 2023
Cesar Jaime
Independent Director · since 2022
Independent Director · since 2018
Independent Director · since 2023
Independent Director · since 2022
James Stewart
Independent Director · since 2023
IPO date
Nov 02, 1993
Employees
6,500
Domiciled in
US
Incorporated in
US
Legal address
C/O THE CORPORATION TRUST COMPANY
CORPORATION TRUST CENTER
1209 ORANGE ST
WILMINGTON, DE 19801
US
Headquarters
10713 West Sam Houston Parkway North
Suite 800
Houston, TX 77064
US

Valuation

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