Patterson-UTI Energy Inc (PTEN)

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About

Business overview of Patterson-UTI Energy Inc (PTEN)
Patterson-UTI Energy is one of the largest land rig drilling contractors in the United States. Its 2023 merger with NexTier greatly expanded its pressure pumping operations, as well, and the firm now controls nearly 20% of the North American market for drilling and completions services. It also provides directional drilling services and tool rental services in most US onshore oil and gas basins.

Key Insights

Critical company metrics and information
  • Share Price

    $8.19
  • Market Cap

    $3.19 Billion
  • Total Outstanding Shares

    389.96 Million Shares
  • Total Employees

    10,600
  • Dividend

    $0.08 Per Share Quarterly
  • IPO Date

    November 2, 1993
  • SIC Description

    Drilling Oil & Gas Wells
  • Homepage

    https://www.patenergy.com

Historical Stock Splits

If you bought 1 share of PTEN before July 1, 2004, you'd have 2 shares today.
Execution DateSplit Amount
July 1, 20042-for-1

Cash Flow Statement

July 1, 2023 to June 30, 2024
MetricValue
Net Cash Flow$-77.47 Million
Net Cash Flow From Investing Activities$-1.12 Billion
Net Cash Flow From Operating Activities, Continuing$1.17 Billion
Net Cash Flow From Operating Activities$1.17 Billion
Net Cash Flow From Financing Activities, Continuing$-124.71 Million
Net Cash Flow, Continuing$-77.47 Million
Net Cash Flow From Investing Activities, Continuing$-1.12 Billion
Net Cash Flow From Financing Activities$-124.71 Million

Income Statement

July 1, 2023 to June 30, 2024
MetricValue
Basic Earnings Per Share$0.25
Diluted Average Shares$451.65 Million
Operating Income/Loss$253.64 Million
Income Tax Expense/Benefit, Deferred$59.04 Million
Benefits Costs and Expenses$5.26 Billion
Income/Loss From Continuing Operations After Tax$124.99 Million
Nonoperating Income/Loss$-63.66 Million
Other Operating Expenses$4.96 Billion
Income Tax Expense/Benefit$64.98 Million
Income/Loss From Continuing Operations Before Tax$189.97 Million
Net Income/Loss Attributable To Noncontrolling Interest$675000.00
Costs And Expenses$5.20 Billion
Basic Average Shares$450.74 Million
Net Income/Loss Attributable To Parent$124.31 Million
Participating Securities, Distributed And Undistributed Earnings/Loss, Basic$0.00
Revenues$5.45 Billion
Net Income/Loss$124.99 Million
Net Income/Loss Available To Common Stockholders, Basic$124.31 Million
Selling, General, and Administrative Expenses$235.70 Million
Preferred Stock Dividends And Other Adjustments$0.00
Common Stock Dividends$0.32
Operating Expenses$5.20 Billion
Diluted Earnings Per Share$0.25

Balance Sheet

July 1, 2023 to June 30, 2024
MetricValue
Equity$4.61 Billion
Other Current Assets$1.06 Billion
Current Assets$1.28 Billion
Accounts Payable$476.46 Million
Inventory$172.41 Million
Noncurrent Liabilities$1.56 Billion
Current Liabilities$851.20 Million
Equity Attributable To Noncontrolling Interest$9.40 Million
Assets$7.02 Billion
Prepaid Expenses$50.39 Million
Liabilities$2.41 Billion
Other Current Liabilities$374.74 Million
Other Non-current Assets$2.51 Billion
Noncurrent Assets$5.74 Billion
Equity Attributable To Parent$4.60 Billion
Other Non-current Liabilities$322.60 Million
Long-term Debt$1.24 Billion
Liabilities And Equity$7.02 Billion
Fixed Assets$3.24 Billion

Historical Dividends

Current dividend: $0.08 Per Share Quarterly
Announcement DatePayment DateRecord DateAmountFrequency
Oct 23, 2024Dec 16, 2024Dec 2, 2024$0.08Quarterly
Jul 24, 2024Sep 16, 2024Sep 3, 2024$0.08Quarterly
May 1, 2024Jun 17, 2024Jun 3, 2024$0.08Quarterly
Feb 14, 2024Mar 15, 2024Mar 1, 2024$0.08Quarterly
Nov 7, 2023Dec 15, 2023Dec 1, 2023$0.08Quarterly
Jul 26, 2023Sep 21, 2023Sep 7, 2023$0.08Quarterly
Apr 26, 2023Jun 15, 2023Jun 1, 2023$0.08Quarterly
Feb 8, 2023Mar 16, 2023Mar 2, 2023$0.08Quarterly
Oct 26, 2022Dec 15, 2022Dec 1, 2022$0.08Quarterly
Jul 27, 2022Sep 15, 2022Sep 1, 2022$0.04Quarterly
Apr 27, 2022Jun 16, 2022Jun 2, 2022$0.04Quarterly
Feb 10, 2022Mar 17, 2022Mar 3, 2022$0.04Quarterly
Jul 29, 2021Sep 16, 2021Sep 2, 2021$0.02Quarterly
Feb 4, 2021Mar 18, 2021Mar 4, 2021$0.02Quarterly
Oct 22, 2020Dec 17, 2020Dec 3, 2020$0.02Quarterly
Jul 22, 2020Sep 17, 2020Sep 3, 2020$0.02Quarterly
Apr 22, 2020Jun 18, 2020Jun 4, 2020$0.02Quarterly
Feb 5, 2020Mar 19, 2020Mar 5, 2020$0.04Quarterly
Oct 23, 2019Dec 19, 2019Dec 5, 2019$0.04Quarterly
Jul 24, 2019Sep 19, 2019Sep 5, 2019$0.04Quarterly
Apr 24, 2019Jun 20, 2019Jun 6, 2019$0.04Quarterly
Feb 6, 2019Mar 21, 2019Mar 7, 2019$0.04Quarterly
Oct 24, 2018Dec 20, 2018Dec 6, 2018$0.04Quarterly
Jul 25, 2018Sep 20, 2018Sep 6, 2018$0.04Quarterly
Apr 25, 2018Jun 21, 2018Jun 7, 2018$0.04Quarterly
Feb 7, 2018Mar 22, 2018Mar 8, 2018$0.02Quarterly
Oct 25, 2017Dec 21, 2017Dec 7, 2017$0.02Quarterly
Jul 26, 2017Sep 21, 2017Sep 7, 2017$0.02Quarterly
Apr 26, 2017Jun 22, 2017Jun 8, 2017$0.02Quarterly
Feb 8, 2017Mar 22, 2017Mar 8, 2017$0.02Quarterly
Oct 26, 2016Dec 22, 2016Dec 8, 2016$0.02Quarterly
Jul 27, 2016Sep 22, 2016Sep 8, 2016$0.02Quarterly
Apr 27, 2016Jun 23, 2016Jun 9, 2016$0.02Quarterly
Feb 3, 2016Mar 24, 2016Mar 10, 2016$0.1Quarterly
Oct 21, 2015Dec 24, 2015Dec 10, 2015$0.1Quarterly
Jul 22, 2015Sep 24, 2015Sep 10, 2015$0.1Quarterly
Apr 22, 2015Jun 24, 2015Jun 10, 2015$0.1Quarterly
Feb 4, 2015Mar 25, 2015Mar 11, 2015$0.1Quarterly
Oct 22, 2014Dec 24, 2014Dec 10, 2014$0.1Quarterly
Jul 23, 2014Sep 24, 2014Sep 10, 2014$0.1Quarterly
Apr 23, 2014Jun 26, 2014Jun 12, 2014$0.1Quarterly
Feb 5, 2014Mar 27, 2014Mar 12, 2014$0.1Quarterly
Oct 23, 2013Dec 31, 2013Dec 17, 2013$0.05Quarterly
Jul 24, 2013Sep 30, 2013Sep 16, 2013$0.05Quarterly
Apr 24, 2013Jun 28, 2013Jun 14, 2013$0.05Quarterly
Feb 6, 2013Mar 29, 2013Mar 15, 2013$0.05Quarterly
Oct 24, 2012Dec 28, 2012Dec 14, 2012$0.05Quarterly

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