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.

Company Growth (employees)
Type
Public
HQ
Houston, US
Founded
1978
Size (employees)
3,600 (est)
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 Financials and Metrics

Patterson-UTI Energy Financials

Patterson-UTI Energy's revenue was reported to be $915.9 m in FY, 2016
USD

Revenue (Q2, 2017)

579.2 m

Net income (Q2, 2017)

(92.2 m)

EBIT (Q2, 2017)

(140.2 m)

Market capitalization (13-Nov-2017)

4.4 b

Cash (30-Jun-2017)

40.1 m
Patterson-UTI Energy's current market capitalization is $4.4 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

2.7 b3.2 b1.9 b915.9 m

Revenue growth, %

17%(41%)(52%)

General and administrative expense

69.2 b

Operating expense total

69.2 b
USDQ3, 2013Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

730.9 m472.8 m422.3 m268.9 m193.9 m206.1 m305.2 m579.2 m

General and administrative expense

19.6 m19.2 m18.6 m18 m17.1 m16.6 m18.9 m23.5 m

Operating expense total

606.4 m497.5 m751.8 m364.2 m318.2 m329.5 m397.8 m719.4 m

EBIT

124.6 m(24.8 m)(329.5 m)(95.3 m)(124.3 m)(123.4 m)(92.6 m)(140.2 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

249.5 m43 m113.3 m35.2 m

Inventories

21.2 m32.3 m14.7 m20.2 m

Current Assets

808.7 m909.1 m486.5 m283.3 m

PP&E

3.6 b4.1 b3.9 b3.4 b
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

204.6 m76.5 m76.5 m186.6 m209.6 m37 m466.6 m40.1 m

Inventories

24.3 m22.7 m17.4 m13.2 m11.5 m19.9 m20.8 m36.1 m

Current Assets

792.3 m515.8 m505.7 m494.2 m455.7 m280.3 m729.9 m571.7 m

PP&E

3.7 b4.2 b4 b3.8 b3.6 b3.5 b3.3 b4.2 b
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

188 m162.7 m(294.5 m)(318.6 m)

Accounts Receivable

12 m(210 m)441 m72.3 m

Accounts Payable

11.3 m86.6 m(131.6 m)12 m

Cash From Operating Activities

888.9 m728.7 m999.4 m305 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

171.4 m(9.9 m)(235.8 m)(70.5 m)(156.4 m)(240.5 m)(63.5 m)(155.7 m)

Accounts Receivable

(23.7 m)

Inventories

22.7 m17.4 m13.2 m11.5 m19.9 m20.8 m

Accounts Payable

22.2 m223 m165.5 m82 m66.3 m82.2 m158.2 m
USDY, 2017

Revenue/Employee

160.9 k

Financial Leverage

1.5 x
Show all financial metrics

Patterson-UTI Energy Market Value History

Patterson-UTI Energy's Web-traffic and Trends

Patterson-UTI Energy Company Life and Culture

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