Patterson-UTI Energy Inc (PTEN)
Patterson-UTI Energy, Inc., through its subsidiaries, provides drilling and completion services to oil and natural gas exploration and production companies in the United States, Canada, Colombia, and internationally. It operates through three segments: Drilling Services, Completion Services, and Drilling Products. The Contract Drilling Services segment engages in the provision of contract and directional drilling, and measurement-while-drilling (MWD) services in onshore oil and natural gas basins; supply and rental of downhole performance motors, such as Mpact drilling motors, and Mpower MWD systems; electrical controls and automation to the energy, marine, and mining industries; rig fleet evaluation; and drilling technology service. This segment also provides software and services, such as MWD Survey Fault Detection, Isolation and Recovery (FDIR) services, 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; and HiFi Guidance that utilizes trajectory optimization to determine optimal steering recommendations and placement within the reservoir. The Completion Services segment offers services for hydraulic fracturing, wireline and pumping, completion support, equipment, materials, and cementing, as well as involved in the power solutions natural gas fueling, and last mile logistics and storage businesses. The Drilling Products segment engages in the design, manufacture, sale, and rental of matrix and steel-bodied polycrystalline diamond compact drill bits. It also rents oilfield tools; and offers specialized services for land-based oil and natural gas drilling, completion, and workover activities. The company was founded in 1978 and is headquartered in Houston, Texas.
- Symbol
- PTEN
- Exchange
- Nasdaq
- Sector
- Energy
- Industry
- Oil & Gas Drilling
- Market cap
- $4.25B
- 52 week range
- 5.1 - 13.39
Valuation
- Share price
- $11.07 (close of 2026-09-23)
- P/E (TTM)
- -50.64x
- Price to book
- 1.37x
- Price to free cash flow
- 23.91x
- Enterprise value
- $5.33B
- Book value per share
- $8.15
Price performance
| Period | Change |
|---|
| 1 day | -3.06% |
| 5 days | -12.90% |
| 1 month | -10.29% |
| 3 months | +9.93% |
| 6 months | +3.26% |
| Year to date | +81.18% |
| 1 year | +101.64% |
| 3 years | -23.55% |
| 5 years | +29.32% |
| 10 years | -41.12% |
| All time | +1103.26% |
Profitability and growth
- Return on equity
- -2.90%
- Return on invested capital
- -0.76%
- Return on assets
- -1.68%
- Return on capital employed
- -0.87%
- Gross margin
- 4.47%
- Net margin
- -1.95%
- EBITDA margin
- -0.85%
- Revenue growth
- -9.76%
- Net income growth
- 90.33%
- Free cash flow growth
- -25.14%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 4.18%
- Current ratio
- 1.75x
- Net debt to EBITDA
- 1.24x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $4.79B
- Cost of revenue
- $4.58B
- Gross profit
- $214.24M
- EBITDA
- $-40.83M
- Net income
- $-93.64M
- Earnings per share
- $-0.24
- Shares outstanding
- 383.46M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $4.79B | $214.24M | $-93.64M | $-0.24 |
| 2024-12-31 | $5.31B | - | $-968.03M | $-2.44 |
| 2023-12-31 | $4.07B | $521.92M | $246.29M | $0.88 |
| 2022-12-31 | $2.57B | $327.62M | $154.66M | $0.72 |
| 2021-12-31 | $1.36B | - | $-654.54M | $-3.36 |
| 2020-12-31 | $1.12B | - | $-803.69M | $-4.27 |
| 2019-12-31 | $2.47B | - | $-425.70M | $-2.10 |
| 2018-12-31 | $3.33B | - | $-321.42M | $-1.47 |
| 2017-12-31 | $2.36B | - | $5.91M | $0.03 |
| 2016-12-31 | $915.87M | - | $-318.63M | $-2.18 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 4.47% | -1.95% | -2.90% | -0.76% |
| 2024-12-31 | - | -18.22% | -27.85% | -19.62% |
| 2023-12-31 | 12.82% | 6.05% | 5.11% | 4.87% |
| 2022-12-31 | 12.76% | 6.02% | 9.29% | 8.30% |
| 2021-12-31 | - | -48.23% | -40.67% | -25.96% |
| 2020-12-31 | - | -71.49% | -39.86% | -28.13% |
| 2019-12-31 | - | -17.23% | -15.02% | -9.74% |
| 2018-12-31 | - | -9.66% | -9.17% | -6.26% |
| 2017-12-31 | - | 0.25% | 0.15% | -3.22% |
| 2016-12-31 | - | -34.79% | -14.17% | -9.91% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $418.51M | $1.22B |
| 2024-12-31 | $239.18M | $1.22B |
| 2023-12-31 | $190.11M | $1.22B |
| 2022-12-31 | $137.55M | $830.94M |
| 2021-12-31 | $117.52M | $852.32M |
| 2020-12-31 | $224.91M | $901.48M |
| 2019-12-31 | $174.19M | $966.54M |
| 2018-12-31 | $245.03M | $1.12B |
| 2017-12-31 | $42.83M | $598.78M |
| 2016-12-31 | $35.15M | $598.44M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $372.19M | $39.29M |
| 2024-12-31 | $497.15M | $46.35M |
| 2023-12-31 | $390.22M | $46.75M |
| 2022-12-31 | $129.39M | $21.10M |
| 2021-12-31 | $-70.82M | $21.56M |
| 2020-12-31 | $133.38M | $26.57M |
| 2019-12-31 | $348.69M | $39.33M |
| 2018-12-31 | $89.21M | $37.92M |
| 2017-12-31 | $-266.38M | $44.48M |
| 2016-12-31 | $185.24M | $28.32M |
Dividend history
- Most recent payment
- 2026-09-01
- Paid in the last twelve months
- $0.38
| Payment date | Dividend per share |
|---|
| 2026-09-01 | $0.10 |
| 2026-06-01 | $0.10 |
| 2026-03-02 | $0.10 |
| 2025-12-01 | $0.08 |
| 2025-09-02 | $0.08 |
| 2025-06-02 | $0.08 |
| 2025-03-03 | $0.08 |
| 2024-12-02 | $0.08 |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-28
- Consensus EPS estimate
- $0.03
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-07-29 | Jun/2026 | - |
| 2026-04-22 | - | - |
| 2026-02-04 | - | - |
| 2025-10-22 | - | - |
| 2025-07-23 | - | - |
| 2025-04-23 | - | - |
| 2025-02-05 | - | - |
| 2024-07-25 | - | - |
Filings and sources
- Company website
- patenergy.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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