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. reports developments tied to drilling and completion services for oil and natural gas exploration and production companies. Recurring updates cover U.S. drilling rigs earning revenue under contract, quarterly financial results, segment performance in Drilling Services and Completion Services, and market conditions affecting U.S. land drilling and hydraulic fracturing activity.
The company also reports developments involving contract drilling, directional drilling, integrated well completion services, specialized drill bit solutions, and selected international activity. News may include customer agreements, fleet utilization commentary, technology and equipment investments, conference call notices, dividends, and operating trends across U.S. and other selected markets.
Patterson-UTI Energy (NASDAQ:PTEN) has released its drilling activity report for June 2025. The company operated an average of 101 drilling rigs in the United States during June, showing a slight decrease from the three-month average of 104 rigs for the quarter ended June 30, 2025.
The company emphasizes that drilling rig counts are just one of many factors affecting financial performance, and monthly trends may not directly correlate with overall business results. Patterson-UTI will continue providing monthly updates on its drilling operations.
Patterson-UTI Energy (NASDAQ:PTEN), a leading provider of drilling and completion services, has scheduled its Q2 2025 earnings conference call for Thursday, July 24, 2025, at 9:00 a.m. Central Time. The call will review results for the quarter ended June 30, 2025.
Investors can join via phone using the dial-in numbers (800) 715-9871 for North America or (646) 307-1963 for international calls, with Conference ID 5625191. A webcast will be available through the Investors section of Patterson-UTI's website, and a replay will remain accessible for two weeks following the call.
Patterson-UTI Energy (NASDAQ:PTEN) has reported its drilling activity for April 2025, maintaining an average of 108 drilling rigs operating in the United States. The company emphasizes that this metric represents only the average number of drilling rigs actively earning revenue under drilling contracts. While PTEN will continue providing monthly updates on operational rigs, they caution that multiple factors beyond rig count influence their financial performance, and rig count trends may not directly correlate with the company's financial results.
Patterson-UTI Energy (NASDAQ:PTEN) has scheduled its first quarter 2025 earnings conference call and webcast for Thursday, April 24, 2025, at 9:00 a.m. Central Time. The call will discuss financial results for Q1 ending March 31, 2025.
Investors can join via phone using the following numbers: (800) 715-9871 for North America and (646) 307-1963 for international callers, with Conference ID 2545909. A webcast will be available through the Investors section of the company's website at investor.patenergy.com. The conference call recording will remain accessible on the company website for two weeks following the event.
Patterson-UTI Energy (NASDAQ:PTEN) has released its drilling activity report for March 2025. The company maintained a steady operational presence with 106 drilling rigs operating in the United States during March 2025. This average remained consistent throughout the first quarter of 2025, with the same number of rigs operating during the three months ended March 31, 2025.
The company emphasizes that while they provide monthly updates on operational rig count, this metric alone should not be considered definitive for financial performance assessment, as multiple factors influence their overall results.
Patterson-UTI Energy (NASDAQ:PTEN) has released its drilling activity report for February 2025. The company maintained an average of 107 drilling rigs operating in the United States during February, consistent with the two-month average ending February 28, 2025.
The company emphasizes that while they provide monthly updates on operational rig count, this metric alone may not fully indicate financial performance trends, as multiple factors influence their operating results.
Patterson-UTI Energy (NASDAQ:PTEN) has released its drilling activity report for January 2025, revealing an average of 106 drilling rigs operating under revenue-generating contracts in the United States during the month.
The company emphasizes that while rig count data is important, multiple factors beyond the number of operating rigs can impact their financial performance. Patterson-UTI plans to continue providing monthly updates on drilling rig operations shortly after each month's end.
Patterson-UTI Energy (NASDAQ:PTEN) reported its Q4 2024 financial results with total revenue of $1.2 billion and a net loss of $52 million ($0.13 per share). The company generated Adjusted EBITDA of $225 million and full-year 2024 cash from operations of $1.2 billion.
Key highlights include securing a new 5-year, $500 million unsecured revolving credit facility and returning $417 million to shareholders in 2024, including $290 million in share repurchases. The company maintains $759 million in remaining share repurchase authorization and declared a quarterly dividend of $0.08 per share.
For 2025, PTEN expects capital expenditures of approximately $600 million and anticipates stable U.S. shale drilling market conditions. The company operates over 155,000 Emerald™ horsepower in completion services and expects to surpass 200,000 horsepower by mid-2025.
Patterson-UTI Energy (NASDAQ:PTEN) has scheduled its fourth quarter 2024 earnings conference call for Thursday, February 6, 2025, at 9:00 a.m. Central Time. The company will discuss financial results for the quarter ended December 31, 2024.
Investors can participate through multiple channels: by phone using the numbers (800) 715-9871 for North America or (646) 307-1963 for international calls with Conference ID 3030069, or via webcast through the Investors section of the company's website. A replay of the conference call will remain accessible on the company's website for two weeks following the event.