PTEN - Earnings announcements

HOUSTON, TX / ACCESSWIRE / January 14, 2025 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, February 6, 2025, at 9:00 a.m. Central Time to discuss results for the fourth quarter ended December 31, 2024.Participants can access the call by dialing (800) 715-9871 in North America or (646) 307-1963 if International and referencing Conference ID 3030069. The call will also be webcast and can be accessed through a link in the Investors section of the Company's website at investor.patenergy.com. A replay of the conference call will be available on the Company's website for two weeks.About Patterson-UTIPatterson-UTI is a leading provider of drilling and completion

HOUSTON, TX / ACCESSWIRE / October 23, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended September 30, 2024.Third Quarter 2024 Financial ResultsTotal revenue of $1.4 billionNet loss attributable to common stockholders of $979 million, or $2.50 per shareIncludes an $885 million goodwill impairment, a $114 million asset retirement charge for rigs we are no longer marketing, and $7 million in merger and integration expensesAdjusted net income attributable to common stockholders of $2 million, or $0.00 per shareExcludes goodwill impairment, asset retirement charge, and merger and integration expensesAdjusted EBITDA of $275 millionExcludes good

HOUSTON, TX / ACCESSWIRE / October 14, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, October 24, 2024, at 9:00 a.m. Central Time to discuss results for the third quarter ended September 30, 2024.Participants can access the call by dialing (800) 715-9871 in North America or (646) 307-1963 if International and referencing Conference ID 1337733. The call will also be webcast and can be accessed through a link in the Investors section of the Company's website at investor.patenergy.com. A replay of the conference call will be available on the Company's website for two weeks.About Patterson-UTIPatterson-UTI is a leading provider of drilling and completion

HOUSTON, TX / ACCESSWIRE / July 24, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended June 30, 2024.Second Quarter 2024 Financial ResultsTotal revenue of $1.3 billionNet income attributable to common stockholders of $11 million, or $0.03 per shareIncludes $11 million in merger and integration expensesAdjusted EBITDA of $324 millionExcludes merger and integration expensesOther Key ItemsYear-to-date through June 30, 2024: Cash from Operations of $563 million, Free Cash Flow of $206 millionReturned $164 million to shareholders in the second quarter and $295 million in the first half of the year; confirmed expectation to return at least $400 m

HOUSTON, TX / ACCESSWIRE / July 15, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, July 25, 2024, at 9:00 a.m. Central Time to discuss results for the second quarter ended June 30, 2024.Participants can access the call by dialing (800) 715-9871 in North America or (646) 307-1963 if International and referencing Conference ID 8671416. The call will also be webcast and can be accessed through a link in the Investors section of the Company's website at investor.patenergy.com. A replay of the conference call will be available on the Company's website for two weeks.About Patterson-UTIPatterson-UTI is a leading provider of drilling and completion services

HOUSTON, TX / ACCESSWIRE / May 1, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended March 31, 2024.First Quarter 2024 Financial Results and Other Key ItemsTotal revenue of $1.5 billionNet income attributable to common stockholders of $51 million, or $0.13 per shareIncludes $12 million in merger and integration expensesAdjusted net income attributable to common stockholders of $61 million, or $0.15 per shareExcludes merger and integration expensesAdjusted EBITDA of $375 millionExcludes merger and integration expensesCash from Operations of $366 million, Free Cash Flow of $139 millionAchieved annualized synergy target of $200 million from th

HOUSTON, TX / ACCESSWIRE / April 8, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, May 2, 2024, at 9:00 a.m. Central Time to discuss results for the first quarter ended March 31, 2024.Participants can access the call by dialing (888) 550-5422 in North America or (646) 960-0676 if International and referencing Conference ID 3822955. The call will also be webcast and can be accessed through a link in the Investors section of the Company's website at investor.patenergy.com. A replay of the conference call will be available on the Company's website for two weeks.About Patterson-UTIPatterson-UTI is a leading provider of drilling and completion services to

HOUSTON, TX / ACCESSWIRE / February 14, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended December 31, 2023.Fourth Quarter 2023 Financial Results and Other Key ItemsTotal revenue of $1.58 billionNet income attributable to common stockholders of $62 million, or $0.15 per shareIncludes $20 million in merger and integration expensesAdjusted net income attributable to common stockholders of $78 million, or $0.19 per shareExcludes merger and integration expensesAdjusted EBITDA of $409 millionExcludes merger and integration expensesCash from Operations of $453 million, Free Cash Flow of $247 millionReturned $110 million to shareholders in the fo

HOUSTON, TX / ACCESSWIRE / January 19, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, February 15, 2024, at 9:00 a.m. Central Time to discuss results for the fourth quarter ended December 31, 2023.Participants can access the call by dialing (888) 550-5422 in North America or (646) 960-0676 if International and referencing Conference ID 3822955. The call will also be webcast and can be accessed through a link in the Investors section of the Company's website at investor.patenergy.com. A replay of the conference call will be available on the Company's website for two weeks.About Patterson-UTIPatterson-UTI is a leading provider of drilling and completio

HOUSTON, TX / ACCESSWIRE / November 7, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended September 30, 2023.Reported financial results for the quarter ended September 30, 2023 include:A full quarter of Patterson-UTI operations, including:30 days from NexTier Oilfield Solutions, beginning on September 1, 2023, through the end of the quarter48 days from Ulterra Drilling Technologies, beginning on August 14, 2023, through the end of the quarterThird Quarter 2023 Financial Results and Other Key ItemsTotal revenue of $1.0 billionNet income attributable to common stockholders of $0.1 million, or $0.00 per shareIncludes $70 million in merger and

HOUSTON, TX / ACCESSWIRE / October 5, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Wednesday, November 8, 2023, at 9:00 a.m. Central Time to discuss results for the third quarter ended September 30, 2023. Due to the recent acquisitions of Ulterra Drilling Technologies and NexTier Oilfield Solutions, the Company will report earnings later than is typical for the third quarter of 2023. The Company expects to discuss results for the fourth quarter and year ending December 31, 2023 on its historical reporting timeline.Participants can access the call by dialing (646) 960-0676 or (888) 550-5422 with the Conference ID 3822955. The call will also be webcast and can

HOUSTON, TX / ACCESSWIRE / July 26, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended June 30, 2023. The Company reported net income of $84.6 million, or $0.40 per share, for the second quarter of 2023, compared to net income of $99.7 million, or $0.46 per share, for the first quarter of 2023. Revenues for the second quarter of 2023 were $759 million, compared to $792 million for the first quarter of 2023.Financial results for the quarter ended June 30, 2023, include pretax charges totaling $11.7 million, which are comprised of $7.9 million of merger and integration expenses and $3.8 million of impairment charges in our E&P business.Andy H

Ulterra is a Leading Provider of Highly Engineered Polycrystalline Diamond Compact ("PDC") Drill Bits in North America with a Growing International PresenceConsideration Comprised of $370 Million of Cash and 34.9 Million Shares of Patterson-UTI Common StockUlterra's Data-Centric Approach Expands Patterson-UTI's Drilling and Completions Related Data Analytics Technology for Improved PerformancePatterson-UTI to Host Conference Call Today at 7:30 a.m. CT (8:30 a.m. ET)HOUSTON. TX / ACCESSWIRE / July 5, 2023 / Patterson-UTI Energy, Inc. (NASDAQ:PTEN) ("Patterson-UTI"), a leading provider of drilling and completions services in the United States, today announced it has entered into a definitive a

HOUSTON, TX / ACCESSWIRE / June 29, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, July 27, 2023, at 9:00 a.m. Central Time to discuss results for the second quarter ending June 30, 2023.Participants can access the call by dialing (646) 960-0676 or (888) 550-5422 with the Conference ID 3822955. The call will also be webcast and can be accessed through a link in the Investors section of the Company's website at investor.patenergy.com. A replay of the conference call will be available on the Company's website for two weeks.About Patterson-UTIPatterson-UTI is a leading provider of oilfield services and products to oil and natural gas exploration and pro

Comprehensive U.S. Oilfield Services Franchise to Enhance Drilling and Completions Value Creation Potential and Maximize Returns for Shareholders Combined $5.4 Billion Total Enterprise Value Drives Improved Free Cash Flow Generation and Strong Balance Sheet to Deliver Long Term Value to Shareholders, Including Continued Commitment to Shareholder Return Program Expected to be Accretive to Earnings per Share and Free Cash Flow per Share in 2024  Expected to Generate Approximately $200 Million of Annual Cost Savings and Operational Synergies Within 18 Months Following Close Curtis Huff to Serve as Chair of the Board; Robert Drummond to Serve as Vice Chair of the Board; Andy Hendricks to Serve a

HOUSTON, TX / ACCESSWIRE / April 26, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended March 31, 2023. The Company reported net income of $99.7 million, or $0.46 per share, for the first quarter of 2023, compared to net income of $100 million, or $0.46 per share, for the fourth quarter of 2022. Revenues for the first quarter of 2023 were $792 million, compared to $788 million for the fourth quarter of 2022.Andy Hendricks, the Chief Executive Officer of Patterson-UTI Energy, commented, "We are pleased to report another quarter of solid financial results. The outperformance in our contract drilling segment demonstrates that we continue to be

HOUSTON, TX / ACCESSWIRE / March 28, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, April 27, 2023, at 9:00 a.m. Central Time to discuss results for the first quarter ending March 31, 2023.Participants can access the call by dialing (646) 960-0676 or (888) 550-5422 with the Conference ID 3822955. The call will also be webcast and can be accessed through a link in the Investors section of the Company's website at investor.patenergy.com. A replay of the conference call will be available on the Company's website for two weeks.About Patterson-UTIPatterson-UTI is a leading provider of oilfield services and products to oil and natural gas exploration and p

HOUSTON, TX / ACCESSWIRE / February 8, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended December 31, 2022. The Company reported net income of $100 million, or $0.46 per share, for the fourth quarter of 2022, compared to net income of $61.5 million, or $0.28 per share, for the third quarter of 2022. Revenues for the fourth quarter of 2022 were $788 million, compared to $728 million for the third quarter of 2022.Andy Hendricks, Patterson-UTI's Chief Executive Officer, stated, "We are pleased to report another quarter of solid financial results with improving profitability. Our fourth quarter results were driven by exceptional execution acro

HOUSTON, TX / ACCESSWIRE / January 10, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, February 9, 2023, at 9:00 a.m. Central Time to discuss results for the fourth quarter ended December 31, 2022.Participants can access the call by dialing (646) 960-0676 or (888) 550-5422 with the Conference ID 3822955. The call will also be webcast and can be accessed through a link in the Investors section of the Company's website at investor.patenergy.com. A replay of the conference call will be available on the Company's website for two weeks.About Patterson-UTIPatterson-UTI is a leading provider of oilfield services and products to oil and natural gas exploratio

HOUSTON, TX / ACCESSWIRE / October 26, 2022 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended September 30, 2022. The Company reported net income of $61.5 million, or $0.28 per share, for the third quarter of 2022, compared to net income of $21.9 million, or $0.10 per share, for the second quarter of 2022. Revenues for the third quarter of 2022 were $728 million, compared to $622 million for the second quarter of 2022.Andy Hendricks, Patterson-UTI's Chief Executive Officer, stated, "We are proud to report another quarter of solid financial results with significantly increasing profitability. We remain focused on generating returns on our invest

HOUSTON, TX / ACCESSWIRE / October 4, 2022 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will hold a conference call on Thursday, October 27, 2022, at 9:00 a.m. Central Time to discuss results for the third quarter ended September 30, 2022.Participants can access the call by dialing (646) 960-0676 or (888) 550-5422 with the Conference ID 3822955. The call will also be webcast and can be accessed through a link in the Investors section of the Company's website at investor.patenergy.com. A replay of the conference call will be available on the Company's website for two weeks.About Patterson-UTIPatterson-UTI is a leading provider of oilfield services and products to oil and natural gas exploration

HOUSTON, TX / ACCESSWIRE / July 27, 2022 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended June 30, 2022. The Company reported net income of $21.9 million, or $0.10 per share, for the second quarter of 2022, compared to a net loss of $28.8 million, or $0.13 per share, for the first quarter of 2022. Revenues for the second quarter of 2022 were $622 million, compared to $509 million for the first quarter of 2022.The financial results for the quarter ended June 30, 2022 include a non-cash, pretax gain of $11.5 million ($11.5 million after-tax, or $0.05 per share) related to the release of a foreign currency cumulative translation adjustment associ

HOUSTON, TX / ACCESSWIRE / April 27, 2022 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the three months ended March 31, 2022. The Company reported a net loss of $28.8 million, or $0.13 per share, for the first quarter of 2022, compared to a net loss of $106 million, or $0.57 per share, for the first quarter of 2021. Revenues for the first quarter of 2022 were $509 million, compared to $241 million for the first quarter of 2021.Andy Hendricks, Patterson-UTI's Chief Executive Officer, stated, "Pricing for all of our services accelerated during the first quarter due to the limited supply of readily available, high-quality drilling and completion equipment. The

HOUSTON , TX / ACCESSWIRE / April 4, 2022 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will hold a conference call on Thursday, April 28, 2022, at 9:00 a.m. Central Time to discuss results for the first quarter ended March 31, 2022.Participants can access the call by dialing (646) 960-0676 or (888) 550-5422 with the Conference ID 3822955. The call will also be webcast and can be accessed through a link in the Investors section of the Company's website at investor.patenergy.com. A replay of the conference call will be available on the Company's website for two weeks.About Patterson-UTIPatterson-UTI is a leading provider of oilfield services and products to oil and natural gas exploration and pr

HOUSTON, TX / ACCESSWIRE / February 10, 2022 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the three months and year ended December 31, 2021. The Company reported a net loss of $362 million, or $1.68 per share, for the fourth quarter of 2021, compared to a net loss of $107 million, or $0.57 per share, for the fourth quarter of 2020. Excluding charges described below, the majority of which were non-cash, the net loss for the fourth quarter of 2021 would have been $82.2 million, or $0.38 per share. Revenues for the fourth quarter of 2021 were $466 million, compared to $221 million for the fourth quarter of 2020.For the year ended December 31, 2021, the Company

HOUSTON, Dec. 17, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will hold a conference call on Thursday, February 10, 2022, at 9:00 a.m. Central Time to discuss results for the fourth quarter ending December 31, 2021.  Participants can access the call by dialing (646) 960-0676 or (888) 550-5422 with the Conference ID 3822955.  The call will also be webcast and can be accessed through a link in the Investors section of the Company's website at investor.patenergy.com.  A replay of the conference call will be available on the Company's website for two weeks.  About Patterson-UTI Patterson-UTI is a leading provider of oilfield services and products to oil and natural gas explor

HOUSTON, Oct. 28, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the three and nine months ended September 30, 2021.  The Company reported a net loss of $83.0 million, or $0.44 per share, for the third quarter of 2021, compared to a net loss of $112 million, or $0.60 per share, for the third quarter of 2020.  Revenues for the third quarter of 2021 were $358 million, compared to $207 million for the third quarter of 2020. For the nine months ended September 30, 2021, the Company reported a net loss of $293 million, or $1.55 per share, compared to a net loss of $697 million, or $3.70 per share, for the nine months ended September 30, 2020.  R

HOUSTON, Sept. 24, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will hold a conference call on Thursday, October 28, 2021, at 9:00 a.m. Central Time to discuss results for the third quarter ending September 30, 2021.  Participants can access the call by dialing (646) 960-0676 or (888) 550-5422 with the Conference ID 3822955.  The call will also be webcast and can be accessed through a link in the Investors section of the Company's website at investor.patenergy.com.  A replay of the conference call will be available on the Company's website for two weeks.  About Patterson-UTI Patterson-UTI is a leading provider of oilfield services and products to oil and natural gas explor

HOUSTON, July 29, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the three and six months ended June 30, 2021.  The Company reported a net loss of $103 million, or $0.55 per share, for the second quarter of 2021, compared to a net loss of $150 million, or $0.81 per share, for the second quarter of 2020.  Revenues for the second quarter of 2021 were $292 million, compared to $250 million for the second quarter of 2020. For the six months ended June 30, 2021, the Company reported a net loss of $210 million, or $1.12 per share, compared to a net loss of $585 million, or $3.10 per share, for the six months ended June 30, 2020.  Revenues for the

HOUSTON, April 29, 2021 /PRNewswire/ --  PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the three months ended March 31, 2021.  The Company reported a net loss of $106 million, or $0.57 per share, for the first quarter of 2021, compared to a net loss of $435 million, or $2.28 per share, for the first quarter of 2020.  Revenues for the first quarter of 2021 were $241 million, compared to $446 million for the first quarter of 2020. Andy Hendricks, Patterson-UTI's Chief Executive Officer, stated, "First quarter financial results exceeded our expectations, as revenues and adjusted EBITDA improved sequentially, despite challenges from the extreme winter storm in the

HOUSTON, Feb. 4, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three months and year ended December 31, 2020.  The Company reported a net loss of $107 million, or $0.57 per share, for the fourth quarter of 2020, compared to a net loss of $85.9 million, or $0.44 per share, for the fourth quarter of 2019.  Revenues for the fourth quarter of 2020 were $221 million, compared to $492 million for the fourth quarter of 2019. For the year ended December 31, 2020, the Company reported a net loss of $804 million, or $4.27 per share, compared to a net loss of $426 million, or $2.10 per share, for the year ended December 31, 2019.  Revenues fo