Patterson-UTI Energy (PTEN) | Financial Analysis & Statements

Patterson-UTI Energy Inc. | Mid-cap | Energy

$6.35

3.08%

| Patterson-UTI Energy Stock Comparison:

Patterson-UTI Energy vs Noble Patterson-UTI Energy vs Transocean Patterson-UTI Energy vs Sable Offshore Patterson-UTI Energy vs Helmerich & Payne Patterson-UTI Energy vs Seadrill Limited Patterson-UTI Energy vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 5.4B

Gross Profit 286.2M 5.32%

Operating Income 28.5M 0.53%

Net Income -966.4M -17.97%

EPS (Diluted) -$2.44

Balance Sheet Metrics

Total Assets 5.8B

Total Liabilities 2.4B

Shareholders Equity 3.5B

Debt to Equity 0.68

Cash Flow Metrics

Operating Cash Flow 360.6M

Free Cash Flow 497.2M

Revenue & Profitability Trend

Patterson-UTI Energy Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue	5.4B	4.1B	2.6B	1.4B	1.1B
Cost of Goods Sold	5.1B	3.5B	2.3B	1.9B	1.5B
Gross Profit	286.2M	603.7M	317.1M	-574.0M	-348.6M
Operating Expenses	257.6M	152.8M	104.0M	93.1M	104.7M
Operating Income	28.5M	450.0M	213.1M	-665.7M	-458.9M
Pre-tax Income	-956.9M	307.1M	167.9M	-719.8M	-931.0M
Income Tax	9.5M	61.2M	13.2M	-62.7M	-127.3M
Net Income	-966.4M	246.0M	154.7M	-654.5M	-803.7M
EPS (Diluted)	-$2.44	$0.88	$0.70	-$3.36	-$4.27

Income Statement Trend

Patterson-UTI Energy Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets	1.3B	1.5B	829.4M	583.7M	478.0M
Non-Current Assets	4.5B	5.9B	2.3B	2.4B	2.8B
Total Assets	5.8B	7.4B	3.1B	3.0B	3.3B
Liabilities
Current Liabilities	842.0M	1.1B	551.0M	435.9M	273.7M
Non-Current Liabilities	1.5B	1.5B	927.3M	912.5M	1.0B
Total Liabilities	2.4B	2.6B	1.5B	1.3B	1.3B
Equity
Total Shareholders Equity	3.5B	4.8B	1.7B	1.6B	2.0B

Balance Sheet Composition

Patterson-UTI Energy Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income	-966.4M	246.0M	154.7M	-654.5M	-803.7M
Operating Cash Flow	360.6M	1.0B	517.5M	53.4M	-57.5M
Investing Activities
Capital Expenditures	-678.4M	-615.7M	-436.8M	-166.3M	-145.5M
Investing Cash Flow	-654.7M	-1.0B	-413.2M	-172.9M	-125.0M
Financing Activities
Dividends Paid	-126.8M	-100.0M	-43.1M	-15.6M	-18.9M
Financing Cash Flow	-475.0M	65.6M	-133.4M	-71.9M	-103.2M
Free Cash Flow	497.2M	390.2M	129.4M	-70.8M	133.4M

Cash Flow Trend

Patterson-UTI Energy Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 52.00

Forward P/E -75.50

Price to Book 0.68

Price to Sales 0.45

PEG Ratio -75.50

Profitability Ratios

Profit Margin -19.78%

Operating Margin 1.36%

Return on Equity -24.84%

Return on Assets 0.58%

Financial Health

Current Ratio 1.61

Debt to Equity 37.61

Beta 1.32

Per Share Data

EPS (TTM) -$2.57

Book Value per Share $8.88

Revenue per Share $13.14

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
pten	2.3B	52.00	0.68	-24.84%	-19.78%	37.61
Noble	4.6B	9.43	0.95	10.76%	14.69%	42.48
Transocean	2.5B	-4.50	0.24	-6.65%	-18.79%	65.11
Sable Offshore	2.2B	-12.12	6.74	-200.53%	0.00%	310.93
Helmerich & Payne	1.7B	7.78	0.58	7.58%	7.15%	75.26
Seadrill Limited	1.7B	5.00	0.57	12.75%	28.88%	21.25

Financial data is updated regularly. All figures are in the company's reporting currency.