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Last update at 2024-12-19T18:50:00Z
Patterson-UTI Energy to Report Q3 Earnings: What's in Store for the Stock?
Mon 21 Oct 24, 11:25 AMShareholders in Patterson-UTI Energy (NASDAQ:PTEN) are in the red if they invested a year ago
Thu 17 Oct 24, 02:37 PMIs Patterson-UTI Energy, Inc. (PTEN) the Best Stock Under $10 With High Potential?
Thu 10 Oct 24, 01:55 PMPatterson-UTI Energy, Inc. (PTEN): Most Undervalued Stock to Consider for Investment
Sun 06 Oct 24, 12:04 PMPatterson-UTI Reports Drilling Activity for September 2024
Thu 03 Oct 24, 09:30 PMPatterson-UTI Reports Drilling Activity for August 2024
Mon 09 Sep 24, 08:00 PMWhy Is Patterson-UTI (PTEN) Down 13.6% Since Last Earnings Report?
Fri 23 Aug 24, 03:31 PMPatterson-UTI Reports Drilling Activity for July 2024
Mon 05 Aug 24, 08:10 PM| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | 167.86M | -719.78100M | -931.01800M | -530.37800M | -367.40800M |
| Minority interest | - | - | - | - | - |
| Net income | 154.66M | -657.07900M | -803.69200M | -425.70300M | -321.42100M |
| Selling general administrative | 116.59M | 92.38M | 97.61M | 133.51M | 134.07M |
| Selling and marketing expenses | - | - | - | - | 12.68M |
| Gross profit | 317.10M | -574.04500M | -348.58400M | -306.88500M | 8.19M |
| Reconciled depreciation | 483.94M | 849.18M | 670.91M | 1003.87M | 916.32M |
| Ebit | -273.75800M | -677.75000M | -892.25800M | -461.57600M | -1018.28100M |
| Ebitda | 210.19M | -667.24300M | -451.24400M | -437.37400M | -101.96300M |
| Depreciation and amortization | 483.94M | 10.51M | 441.01M | 24.20M | 916.32M |
| Non operating income net other | -2.91300M | -0.05300M | 2.01M | - | 6.35M |
| Operating income | -273.75800M | -677.75000M | -892.25800M | -461.57600M | -322.17700M |
| Other operating expenses | 2434.49M | 2024.27M | 1577.50M | 2914.46M | 3435.31M |
| Interest expense | 40.26M | 41.98M | 40.77M | 75.20M | 51.58M |
| Tax provision | 13.20M | -62.70200M | -127.32600M | -104.67500M | -45.98700M |
| Interest income | 0.36M | 0.22M | 1.25M | 6.01M | 5.60M |
| Net interest income | -39.89600M | -41.75600M | -39.51600M | -69.19100M | -45.98100M |
| Extraordinary items | - | - | - | - | - |
| Non recurring | 2.07M | 10.56M | 439.00M | - | 213.87M |
| Other items | - | - | - | - | - |
| Income tax expense | 13.20M | -62.70200M | -127.32600M | -104.67500M | -45.98700M |
| Total revenue | 2647.59M | 1357.08M | 1124.25M | 2470.68M | 3327.00M |
| Total operating expenses | 104.00M | 93.14M | 104.67M | 136.89M | 116.50M |
| Cost of revenue | 2330.49M | 1931.13M | 1472.83M | 2777.57M | 3318.80M |
| Total other income expense net | 441.62M | -42.03100M | -38.76000M | -68.80200M | -213.11700M |
| Discontinued operations | - | 2.53M | 2.53M | 2.53M | 2.53M |
| Net income from continuing ops | 154.66M | -657.07900M | -803.69200M | -425.70300M | -321.42100M |
| Net income applicable to common shares | 154.66M | -654.54500M | -803.69200M | -425.70300M | -321.42100M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 7420.03M | 3143.82M | 2957.85M | 3299.07M | 4439.61M |
| Intangible assets | 1051.70M | 5.84M | 7.54M | 30.09M | 71.44M |
| Earning assets | - | - | - | - | - |
| Other current assets | 83.17M | 67.91M | 67.62M | 55.31M | 75.18M |
| Total liab | 2599.35M | 1478.30M | 1348.36M | 1283.01M | 1605.99M |
| Total stockholder equity | 4812.29M | 1665.52M | 1609.49M | 2016.06M | 2833.62M |
| Deferred long term liab | - | 28.74M | 29.23M | 77.68M | - |
| Other current liab | 347.35M | 198.57M | 178.46M | 175.00M | 220.19M |
| Common stock | 5.17M | 3.02M | 2.99M | 2.71M | 2.69M |
| Capital stock | 5.17M | 3.02M | 2.99M | 2.71M | 2.69M |
| Retained earnings | 57.03M | -87.39400M | -198.31600M | 472.01M | 1294.90M |
| Other liab | - | 76.80M | 42.08M | 88.69M | 212.21M |
| Good will | 1379.74M | - | - | 30.09M | 372.56M |
| Other assets | -1485.69800M | 27.14M | 15.88M | 29.98M | 25.84M |
| Cash | 192.68M | 137.55M | 117.52M | 224.91M | 174.19M |
| Cash and equivalents | - | - | - | - | - |
| Total current liabilities | 1050.43M | 550.97M | 435.85M | 273.72M | 400.60M |
| Current deferred revenue | 98.91M | 110.22M | 60.28M | - | - |
| Net debt | 1152.81M | 718.10M | 759.80M | 702.78M | 828.93M |
| Short term debt | 69.75M | 5.12M | 6.89M | 7.10M | 9.94M |
| Short long term debt | 12.23M | - | - | - | - |
| Short long term debt total | 1345.49M | 855.65M | 877.32M | 927.70M | 1003.12M |
| Other stockholder equity | 4749.62M | 1749.89M | 1798.89M | 1535.92M | 1530.55M |
| Property plant equipment | - | 2260.58M | 2331.76M | 2761.04M | 3337.95M |
| Total current assets | 1485.70M | 829.42M | 583.65M | 477.96M | 631.82M |
| Long term investments | - | - | - | - | - |
| Net tangible assets | - | 1659.68M | 1704.59M | 1985.97M | 2389.62M |
| Short term investments | - | - | - | - | - |
| Net receivables | 1029.05M | 565.92M | 356.15M | 164.64M | 346.10M |
| Long term debt | 1224.94M | 830.94M | 852.32M | 901.48M | 966.54M |
| Inventory | 180.81M | 58.04M | 42.36M | 33.09M | 36.36M |
| Accounts payable | 534.42M | 237.06M | 190.22M | 91.62M | 170.47M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | 0.47M | -467.90500M | 5.92M | 5.41M | 5.48M |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | 3.02M | 2.99M | 2.71M | 2.69M |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | -87.39400M | -198.31600M | 472.01M | - |
| Treasury stock | - | -1453.07900M | -1372.64100M | -1366.31300M | -1345.13400M |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 19.42M | 10.88M | 11.05M | 11.42M | 17.78M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 5934.33M | 2314.40M | 2374.20M | 2821.11M | 3807.80M |
| Capital lease obligations | 108.32M | 24.72M | 25.00M | 26.21M | 36.58M |
| Long term debt total | - | 830.94M | 852.32M | 901.48M | 966.54M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -2.50400M | -0.52200M | -0.42400M | -301.76400M | 23.76M |
| Change to liabilities | 136.45M | 97.92M | -116.99300M | -77.68600M | -66.92800M |
| Total cashflows from investing activities | -413.22700M | -131.59400M | -124.97600M | -301.76400M | -584.55200M |
| Net borrowings | -20.21500M | -50.00000M | -0.58400M | -176.47400M | 248.71M |
| Total cash from financing activities | -133.38100M | -71.93300M | -103.15000M | -465.22100M | 56.86M |
| Change to operating activities | 93.29M | 42.46M | -70.02600M | -27.35700M | 4.08M |
| Net income | 154.66M | -654.54500M | -803.69200M | -425.70300M | -321.42100M |
| Change in cash | 20.03M | -107.39100M | 50.73M | -70.84400M | 202.20M |
| Begin period cash flow | 117.52M | 224.91M | 174.19M | 245.03M | 42.83M |
| End period cash flow | 137.55M | 117.52M | 224.91M | 174.19M | 245.03M |
| Total cash from operating activities | 566.19M | 95.50M | 278.86M | 696.20M | 730.67M |
| Issuance of capital stock | - | - | - | 0.00000M | 0.00000M |
| Depreciation | 483.94M | 849.18M | 670.91M | 1003.87M | 916.32M |
| Other cashflows from investing activities | 26.07M | 35.25M | 20.93M | -0.42400M | 33.15M |
| Dividends paid | 43.10M | 15.61M | 18.86M | 32.43M | 30.59M |
| Change to inventory | -14.15400M | -5.85000M | 27.19M | 29.39M | -1.47000M |
| Change to account receivables | -209.22600M | -147.35600M | 173.86M | 213.59M | 23.52M |
| Sale purchase of stock | -70.07000M | -6.32800M | -21.17900M | -255.46700M | -161.73700M |
| Other cashflows from financing activities | 149.54M | -63.10900M | -0.58400M | -0.85200M | 593.26M |
| Change to netincome | 13.68M | -44.68600M | 305.77M | 184.41M | 179.83M |
| Capital expenditures | 436.80M | 166.32M | 145.48M | 347.51M | 641.46M |
| Change receivables | -209.22600M | -147.35600M | 173.86M | - | 23.52M |
| Cash flows other operating | - | - | 20.89M | - | - |
| Exchange rate changes | - | 0.64M | -0.00200M | - | -0.78100M |
| Cash and cash equivalents changes | 19.58M | -107.39100M | 50.73M | - | 202.20M |
| Change in working capital | -86.93000M | -55.29000M | 84.06M | 134.59M | -44.88300M |
| Stock based compensation | 21.10M | 21.56M | 26.57M | 39.33M | 37.92M |
| Other non cash items | -13.58200M | -2.42500M | 426.29M | 47.32M | 183.92M |
| Free cash flow | 129.39M | -70.82400M | 133.38M | 348.69M | 89.21M |
Sector: Energy Industry: Oil & Gas Drilling
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| PTEN Patterson-UTI Energy Inc |
0.04 0.55% | 7.30 | 20.37 | 17.36 | 0.91 | 0.90 | 1.12 | 4.55 |
| NE Noble Corporation plc |
- -% | 29.01 | 13.16 | 15.31 | 2.65 | 1.72 | 2.65 | 9.34 |
| RIG Transocean Ltd |
-0.015 0.41% | 3.60 | - | - | 1.85 | 0.48 | 4.37 | 21.46 |
| YZCFF Sinopec Oilfield Service Corporation |
- -% | 0.07 | - | 25.06 | 0.05 | 1.07 | 0.09 | 3.85 |
| HP Helmerich and Payne Inc |
-0.335 1.09% | 30.27 | 8.97 | 10.83 | 1.29 | 1.33 | 1.37 | 3.97 |
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.
10713 West Sam Houston Parkway North, Houston, TX, United States, 77064
| Name | Title | Year Born |
|---|---|---|
| Mr. William Andrew Hendricks Jr. | Pres, CEO & Director | 1965 |
| Mr. C. Andrew Smith | Exec. VP & CFO | 1971 |
| Mr. Seth D. Wexler | Sr. VP, Gen. Counsel & Sec. | 1972 |
| Mr. Kenneth N. Berns CPA | Exec. VP & Chief Commercial Officer | 1960 |
| Mr. James Michael Holcomb | Pres of UTI Drilling Company LLC | 1963 |
| Mr. James Michael Drickamer | VP of Investor Relations | NA |
| Mr. William Andrew Hendricks Jr. | President, CEO & Director | 1965 |
| Mr. C. Andrew Smith | Executive VP & CFO | 1971 |
| Mr. Seth D. Wexler | Senior VP, General Counsel & Secretary | 1972 |
| Mr. Kenneth N. Berns CPA | Executive VP & Chief Commercial Officer | 1960 |
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