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Patterson-UTI Energy

Stock Price

$8.4

2024-09-17

Market Capitalization

$3.3 B

2024-09-17

Revenue

$4.1 B

FY, 2023

Patterson-UTI Energy Summary

Company Summary

Overview
Patterson-UTI Energy is an oilfield services company that provides drilling and pressure pumping services, directional drilling, rental equipment, and technology. It offers contract drilling, pressure pumping, and directional drilling services. In addition, the company designs, manufactures, and services rig components and supplies drilling analytics software, rental equipment, electrical equipment, automation software, and field support. Patterson-UTI Energy caters to the oil and gas industries.
Type
Public
Status
Active
Founded
1978
HQ
Houston, TX, US | view all locations
Website
https://patenergy.com/home/
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key People

  • William A. Hendricks, Jr.

    William A. Hendricks, Jr., President, Chief Executive Officer & Director

  • C. Andrew Smith

    C. Andrew Smith, Executive Vice President and Chief Financial Officer

  • Kenneth N. Berns

    Kenneth N. Berns, Executive Vice President and Chief Commercial Officer

    • James M. Holcomb

      James M. Holcomb, Chief Operating Officer

      Operating MetricsView all

      Wells Drilled Yearly

      2
      99.9%

      FY, 2022

      Pressure Pumps (Other Pumping Equipment)

      21

      FY, 2022

      Pressure Pumps (Fracturing Equipment)

      492
      3.4%

      FY, 2022

      LocationsView all

      18 locations detected

      • Houston, TX HQ

        United States

        10713 West Sam Houston Pkwy N Suite 800

      • Big Wells, TX

        United States

        98 Jefferson St

      • Boulder, WY

        United States

        3 Larry Lozier Rd

      • Canonsburg, PA

        United States

        4000 Town Center Blvd Suite 240

      • Denver, CO

        United States

        1660 Wynkoop St #1100

      • El Reno, OK

        United States

        3400 S Radio Rd

      and 12 others

      Patterson-UTI Energy Financials

      Summary Financials

      Revenue (Q2, 2024)
      $1.3B
      Net income (Q2, 2024)
      $11.6M
      Cash (Q2, 2024)
      $72.4M
      EBIT (Q2, 2024)
      $45.2M
      Enterprise value
      $4.5B

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