Patterson-UTI Energy Stock News

Patterson-UTI (PTEN) expects Completion Services revenues of $860 million for the second quarter, with direct operating costs of $690 million and adjusted gross profit of $170 million.

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.

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A hot topic for energy production, hydraulic fracturing, or fracking, extracts oil and gas by injecting high-pressure fluids underground. For the U.S. this has boosted domestic energy production poten

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Patterson-UTI (PTEN) plans to spend $740 million on capital expenditures in 2024. The company expects an effective tax rate of 24% and annual cash taxes of $35-$45 million for the year.

While the top- and bottom-line numbers for Patterson-UTI (PTEN) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics

Patterson-UTI (PTEN) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.46 per share a year ago.

Patterson-UTI (PTEN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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.

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Patterson-UTI (PTEN) expects total capital outlay for the fourth quarter of 2023 to be approximately $190 million.

Following a careful analysis of the Zacks Oil and Gas - Drilling industry, we advise focusing on companies like HP, PTEN and SDRL.

Patterson-UTI Energy Inc. (PTEN) Q3 2023 Earnings Call Transcript

Patterson-UTI Energy (PTEN) beat the Zacks Consensus Estimate for earnings thrice in the last four quarters and met in the other, resulting in an earnings surprise of 20.5%, on average.