Welcome to our dedicated page for Patterson-Uti Energy news (Ticker: PTEN), a resource for investors and traders seeking the latest updates and insights on Patterson-Uti Energy stock.
Patterson-UTI Energy Inc (NASDAQ: PTEN) delivers essential drilling services and completion solutions for North America's energy sector. This dedicated news hub provides investors and industry professionals with direct access to official corporate announcements, operational updates, and strategic developments.
Track critical updates including quarterly earnings reports, merger activity with NexTier, technological advancements in directional drilling equipment, and sustainability initiatives. Our curated collection ensures timely access to press releases covering contract awards, fleet expansions, and leadership changes.
Key focus areas include updates on the company's Tier-1 drilling rig operations, pressure pumping capabilities, and innovations in natural gas-powered equipment. Users will find verified information on shareholder communications, regulatory filings, and market expansion efforts across U.S. shale basins and international markets.
Bookmark this page for streamlined monitoring of PTEN's evolving position in oilfield services. Combine this resource with SEC filings and investor presentations for comprehensive analysis of the company's performance in dynamic energy markets.
Patterson-UTI Energy, Inc. (NASDAQ: PTEN) reported an average of 72 drilling rigs operating in May 2021. This figure remains consistent for the two months ended May 31, 2021. The company emphasized that the average drilling rigs operating may not directly reflect its financial performance due to various influencing factors. Patterson-UTI is a key provider of oilfield services in the U.S., offering contract drilling, pressure pumping, and directional drilling services. Regular monthly updates on drilling activities are promised to stakeholders.
Patterson-UTI Energy, Inc. (NASDAQ: PTEN) reported an average of 72 drilling rigs operating in April 2021. This metric represents rigs earning revenue under a contract. The company cautioned that several factors can impact its operating results, and trends in drilling activity may not directly indicate financial performance. Patterson-UTI plans to provide monthly updates on its drilling operations as part of its financial reporting.
Patterson-UTI Energy reported a net loss of $106 million or $0.57 per share for Q1 2021, a reduction from a net loss of $435 million or $2.28 per share in Q1 2020. Revenues dropped to $241 million from $446 million year-over-year. Despite challenges from a winter storm, both the contract drilling and directional drilling segments saw improved performance. The average rig count rose from 62 to 69, with expectations to increase to 80 rigs by mid-year. The company declared a quarterly dividend of $0.02 per share.
Patterson-UTI Energy, Inc. (NASDAQ: PTEN) reported an average of 70 drilling rigs operating in March 2021 and 69 for Q1 2021. The company emphasizes that these averages reflect rigs earning revenue under contract, but numerous factors can impact overall operating results. Despite providing monthly updates on drilling activity, the company cautions that trends in rig operations may not necessarily correlate with financial performance.
Patterson-UTI Energy, Inc. (NASDAQ: PTEN) is set to hold a conference call on April 29, 2021, at 9:00 a.m. Central Time to discuss its first-quarter results for the period ending March 31, 2021. Participants can join by calling (647) 253-8640 or (844) 494-0002, using conference ID 7069802. The call will also be accessible via a webcast on the company's website. A replay will be available for two weeks following the event.
Patterson-UTI Energy, Inc. (NASDAQ: PTEN) reported an average of 69 drilling rigs operating in February 2021, with an average of 68 drilling rigs for the two-month period ending February 28, 2021. The averages represent rigs earning revenue under contract. The company highlighted that various factors could impact operating results beyond the number of rigs operating. Patterson-UTI plans to continue monthly updates following each month-end.
Patterson-UTI Energy reported a net loss of $107 million ($0.57 per share) for Q4 2020, compared to a $85.9 million loss ($0.44 per share) in Q4 2019. Full-year net loss was $804 million ($4.27 per share), down from $426 million ($2.10 per share) in 2019. Revenue dropped to $221 million in Q4 2020 from $492 million in Q4 2019, and $1.1 billion for 2020 compared to $2.5 billion in 2019. The company is optimistic about recovery, increasing its average rig count and planning for $135 million in capital spending for 2021.
Patterson-UTI Energy, Inc. (NASDAQ: PTEN) reported an average of 67 drilling rigs operating for January 2021. This figure represents the average number of rigs earning revenue under contract. The company cautioned that multiple factors could influence operational results and that trends in rig numbers may not directly indicate financial performance. Patterson-UTI plans to provide ongoing monthly updates on drilling activity.
Patterson-UTI Energy, Inc. (NASDAQ: PTEN) is set to hold a conference call on February 4, 2021, at 9:00 a.m. Central Time to discuss its fourth quarter results for the period ending December 31, 2020. Investors can join the call by dialing (647) 253-8640 or (844) 494-0002 using Conference ID 3995753. The call will also be accessible via webcast on the company's website. A replay will be available for two weeks post the event.
Patterson-UTI is a top provider of oilfield services across the U.S., focusing on contract drilling, pressure pumping, and directional drilling.
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