Patterson-UTI Energy

Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to major and independent oil and natural gas operators in the United States and Canada. The company operates through three segments: Contract Drilling, Pressure Pumping, and Oil and Natural Gas. The Contract Drilling segment markets its contract drilling services primarily in Texas, New Mexico, Louisiana, Colorado, Wyoming, North Dakota, Oklahoma, Pennsylvania, Ohio, West Virginia, and western Canada. As of December 31, 2015, this segment had a drilling fleet of 221 marketable land-based drilling rigs. The Pressure Pumping segment offers pressure pumping services that consist of well stimulation and cementing for the completion of new wells and remedial work on existing wells, as well as hydraulic and nitrogen fracturing, cementing, and acid pumping services in Texas and the Appalachian region. The Oil and Natural Gas segment owns and invests in oil and natural gas assets as a non-operating working interest owner located principally in Texas and New Mexico.

Type
Public
HQ
Houston, US
Founded
1978
Size (employees)
3,600 (est)+6%
Patterson-UTI Energy was founded in 1978 and is headquartered in Houston, US

Patterson-UTI Energy Office Locations

Patterson-UTI Energy has an office in Houston
Houston, US (HQ)
500 450 Gears Rd

Patterson-UTI Energy Metrics

Patterson-UTI Energy Financial Metrics

Revenue (2016)

$915.9 m

Revenue growth (2015-16), %

(100%)

Net income (2016)

($318.6 m)

Market capitalization (21-Mar-2017)

$3.7 b

Closing share price (21-Mar-2017)

$25.4

Cash (31-Dec-2016)

$35.2 m
Patterson-UTI Energy's current market capitalization is $3.7 b.
Patterson-UTI Energy's revenue was reported to be $915.9 m in FY, 2016
FY, 2013Y, 2014Y, 2015FY, 2016

Revenue

$2.7 b$3.2 b$1.9 t$915.9 m

Revenue growth, %

17%59331%(100%)

Operating expense total

$2.4 b$2.9 b$2.3 t$1.4 t

EBIT

$322.2 m$283.1 m($407 b)($456.2 b)

EBIT margin, %

12%9%(22%)(49814%)

Interest expense

$28.4 m

Interest income

$918 k$979 k$964 m$327 m

Pre tax profit

$296.4 m$254.3 m($442.4 b)($496.2 b)

Income tax expense

($177.6 b)

Net Income

$188 m$162.7 m($294.5 m)($318.6 m)
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$249.5 m$43 m$113.3 m$35.2 m

Accounts Receivable

Inventories

$21.2 m$32.3 m$14.7 m$20.2 m

Current Assets

$808.7 m$909.1 m$486.5 m$283.3 m

PP&E

$3.6 b$4.1 b$3.9 b$3.4 b

Total Assets

$4.7 b$5.4 b$4.5 b$3.8 b

Accounts Payable

$173.2 m$382.4 m$82.8 m$125.7 m

Total Debt

$692.5 m

Current Liabilities

$354.3 m$568.4 m$308.1 m$264.8 m

Additional Paid-in Capital

$913.5 m$984.7 m$1 b$1 b

Retained Earnings

$2.7 b$2.8 b$2.5 b$2.1 b

Total Equity

$2.8 b$2.6 b$2.2 b

Debt to Equity Ratio

0.3 x

Debt to Assets Ratio

0.1 x

Financial Leverage

1.7 x1.8 x1.7 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$188 m$162.7 m($294.5 m)($318.6 m)

Accounts Receivable

$12 m($210 m)$441 m$72.3 m

Inventories

Accounts Payable

$11.3 m$86.6 m($131.6 m)$12 m

Cash From Operating Activities

$888.9 m$728.7 m$999.4 m$305 m

Purchases of PP&E

($662.5 m)($1.1 b)($743.8 m)($119.8 m)

Cash From Investing Activities

($652.1 m)($1.2 b)($723 m)($97.8 m)

Long-term Borrowings

($6.3 m)($10 m)($27.5 m)($255 m)

Dividends Paid

($29.1 m)($58.3 m)($58.8 m)($23.6 m)

Income Taxes Paid

($42.6 m)($126 m)$97.3 m$52.7 m

Patterson-UTI Energy Market Value History

Patterson-UTI Energy Company Life

You may also be interested in