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.

Patterson-UTI Energy was founded in 1978 and is headquartered in Houston, US

Patterson-UTI Energy has an office in Houston

Houston, US (HQ)

500 450 Gears Rd

Patterson-UTI Energy's revenue was reported to be $305.2 m in Q1, 2017

USD

## Revenue (Q1, 2017) | 305.2 m |

## Net income (Q1, 2017) | (63.5 m) |

## EBIT (Q1, 2017) | (92.6 m) |

## Market capitalization (21-Jul-2017) | 3.3 b |

## Cash (31-Mar-2017) | 466.6 m |

Patterson-UTI Energy's current market capitalization is $3.3 b.

- Source: SEC Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 2.7 b | 3.2 b | 1.9 b | 915.9 m |

## Revenue growth, % | 17% | (41%) | (52%) | |

## General and administrative expense | 69.2 b | |||

## Operating expense total | 2.4 b | 2.9 b | 2.3 b | 1.4 b |

## EBIT | 322.2 m | 283.1 m | (407 m) | (456.2 m) |

## EBIT margin, % | 12% | 9% | (22%) | (50%) |

## 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 m) | (496.2 m) |

## Income tax expense | (177.6 b) | |||

## Net Income | 188 m | 162.7 m | (294.5 m) | (318.6 m) |

USD | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|

## Revenue | 472.8 m | 422.3 m | 268.9 m | 193.9 m | 206.1 m | 305.2 m |

## General and administrative expense | 19.2 m | 18.6 m | 18 m | 17.1 m | 16.6 m | 18.9 m |

## Operating expense total | 19.2 m | 18.6 m | 18 m | 17.1 m | 16.6 m | 18.9 m |

## EBIT | (24.8 m) | (329.5 m) | (95.3 m) | (124.3 m) | (123.4 m) | (92.6 m) |

## EBIT margin, % | (5%) | (78%) | (35%) | (64%) | (60%) | (30%) |

## Interest income | 318 k | 323 k | 110 k | 100 k | 63 k | 406 k |

## Pre tax profit | (33.7 m) | (338.4 m) | (105.9 m) | (134.9 m) | (133.6 m) | (100.5 m) |

## Income tax expense | (49.4 m) | (36.9 m) | ||||

## Net Income | (19 m) | (226 m) | (70.5 m) | (85.9 m) | (84.1 m) | (63.5 m) |

- Source: SEC Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 249.5 m | 43 m | 113.3 m | 35.2 m |

## 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 |

## Total Liabilities | 1.6 b | |||

## 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 x | 1.8 x | 1.7 x |

USD | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|

## Cash | 76.5 m | 76.5 m | 186.6 m | 209.6 m | 37 m | 466.6 m |

## Inventories | 22.7 m | 17.4 m | 13.2 m | 11.5 m | 19.9 m | 20.8 m |

## Current Assets | 515.8 m | 505.7 m | 494.2 m | 455.7 m | 280.3 m | 729.9 m |

## PP&E | 4.2 b | 4 b | 3.8 b | 3.6 b | 3.5 b | 3.3 b |

## Total Assets | 5 b | 4.7 b | 4.4 b | 4.2 b | 3.9 b | 4.2 b |

## Accounts Payable | 223 m | 165.5 m | 82 m | 66.3 m | 82.2 m | 158.2 m |

## Current Liabilities | 448.1 m | 396.1 m | 313.4 m | 292 m | 236.4 m | 294.2 m |

## Additional Paid-in Capital | 999.6 m | 1 b | 1 b | 1 b | 1 b | 1.5 b |

## Retained Earnings | 2.8 b | 2.5 b | 2.4 b | 2.3 b | 2.2 b | 2 b |

## Total Equity | 2.9 b | 2.6 b | 2.5 b | 2.4 b | 2.3 b | 2.7 b |

## Financial Leverage | 1.8 x | 1.8 x | 1.8 x | 1.8 x | 1.7 x | 1.6 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 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 |

## 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) |

## Cash From Financing Activities | (97.1 m) | 260.7 m | (199.3 m) | (285.3 m) |

## Income Taxes Paid | (42.6 m) | (126 m) | 97.3 m | 52.7 m |

USD | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|

## Net Income | (19 m) | (226 m) | (70.5 m) | (85.9 m) | (84.1 m) | (63.5 m) |

## Inventories | 22.7 m | 17.4 m | 13.2 m | 11.5 m | 19.9 m | 20.8 m |

## Accounts Payable | 223 m | 165.5 m | 82 m | 66.3 m | 82.2 m | 158.2 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 84.8 k |

## Financial Leverage | 1.6 x |