Overview
APEX
Patterson-UTI Energy is a Houston, Texas-based leading provider of drilling and completion services to oil and natural gas exploration and production companies in the US and other select countries, including contract drilling, pressure pumping, and directional drilling services. The company provides onshore contract drilling for oil and natural gas producers and operates over 190 marketed land-based drilling rigs. Drilling rigs are typically equipped
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Read More with engines, drawworks, top drives, masts, pumps to circulate the drilling fluid, blowout preventers, drill pipe, and other related equipment. Patterson-UTI provides pressure pumping services for oil and natural gas operators. The company has well completion equipment used in providing hydraulic fracturing services as well as cementing and acid pumping service.
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Read More with engines, drawworks, top drives, masts, pumps to circulate the drilling fluid, blowout preventers, drill pipe, and other related equipment. Patterson-UTI provides pressure pumping services for oil and natural gas operators. The company has well completion equipment used in providing hydraulic fracturing services as well as cementing and acid pumping service.
Read Less
#
730
Fortune 1000 Revenue Rank
William A Hendricks Junior
See more contacts
Support Activities for Mining
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Utility System Construction
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Oil and Gas Extraction
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Directional drilling oil and gas wells
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Oil and gas wells: building, repairing and dismantling
See All Industries , Cementing oil and gas well casings , Crude petroleum and natural gas , Crude petroleum production Natural gas production
See Fewer Industries
See All Industries , Cementing oil and gas well casings , Crude petroleum and natural gas , Crude petroleum production Natural gas production
See Fewer Industries
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Actual
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Actual
$5.38 billion
Actual
29.7%
$5,833
DEC
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NASDAQ:PTEN
Contacts
Get in Touch with 7 Principals* and 666 Contacts
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William A Hendricks JuniorPresident and Chief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$5.38 billion
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $1,176 | $1,006 | $566 |
| Net Investing Cash | -$655 | -$1,018 | -$413 |
| Net Financing Cash | -$475 | $66 | -$133 |
| Net Change in Cash | $46 | $54 | $20 |
| Cash at Beginning of Period | $193 | $138 | $118 |
| Cash at End of Period | $241 | $193 | $138 |
| Capital Expenditure | -$678 | -$616 | -$437 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $239 | $190 | $138 |
| Accounts Receivable | $764 | $971 | $566 |
| Inventories | $167 | $181 | $65 |
| Other Current Assets | $125 | $144 | $61 |
| Asset Summary | |||
| Total Current Assets | $1,295 | $1,486 | $829 |
| Tangible Fixed Assets | $3,097 | $3,480 | $2,294 |
| Intangible Assets | $930 | $1,052 | $6 |
| Total Assets | $5,833 | $7,420 | $3,144 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $421 | $534 | $237 |
| Short-Term Debt | $6 | $12 | $ |
| Other Current Liabilities | $414 | $504 | $314 |
| Liability Summary | |||
| Total Current Liabilities | $842 | $1,050 | $551 |
| Long-Term Debt | $1,220 | $1,225 | $831 |
| Other Long-Term Liabilities | $13 | $25 | $48 |
| Total Liabilities | $2,358 | $2,599 | $1,478 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $5 | $5 | $3 |
| Retained Earnings | -$1,039 | $57 | -$87 |
| Equity Summary | |||
| Total Equity | $3,466 | $4,812 | $1,666 |
| Shares Outstanding | 387,344,755 | 411,195,302 | 213,567,131 |