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Patterson-UTI Energy Inc

Energy US PTEN

8.125USD
0.28(3.50%)

Last update at 2024-12-30T16:47:00Z

Day Range

7.828.12
LowHigh

52 Week Range

9.5515.95
LowHigh

Fundamentals

  • Previous Close 7.85
  • Market Cap4418.71M
  • Volume2945032
  • P/E Ratio20.37
  • Dividend Yield2.96%
  • EBITDA1299.69M
  • Revenue TTM4865.01M
  • Revenue Per Share TTM14.81
  • Gross Profit TTM 801.04M
  • Diluted EPS TTM0.54

Analyst Recommendations

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 167.86M -719.78100M -931.01800M -530.37800M -367.40800M
Minority interest - - - - -
Net income 154.66M -657.07900M -803.69200M -425.70300M -321.42100M
Selling general administrative 116.59M 92.38M 97.61M 133.51M 134.07M
Selling and marketing expenses - - - - 12.68M
Gross profit 317.10M -574.04500M -348.58400M -306.88500M 8.19M
Reconciled depreciation 483.94M 849.18M 670.91M 1003.87M 916.32M
Ebit -273.75800M -677.75000M -892.25800M -461.57600M -1018.28100M
Ebitda 210.19M -667.24300M -451.24400M -437.37400M -101.96300M
Depreciation and amortization 483.94M 10.51M 441.01M 24.20M 916.32M
Non operating income net other -2.91300M -0.05300M 2.01M - 6.35M
Operating income -273.75800M -677.75000M -892.25800M -461.57600M -322.17700M
Other operating expenses 2434.49M 2024.27M 1577.50M 2914.46M 3435.31M
Interest expense 40.26M 41.98M 40.77M 75.20M 51.58M
Tax provision 13.20M -62.70200M -127.32600M -104.67500M -45.98700M
Interest income 0.36M 0.22M 1.25M 6.01M 5.60M
Net interest income -39.89600M -41.75600M -39.51600M -69.19100M -45.98100M
Extraordinary items - - - - -
Non recurring 2.07M 10.56M 439.00M - 213.87M
Other items - - - - -
Income tax expense 13.20M -62.70200M -127.32600M -104.67500M -45.98700M
Total revenue 2647.59M 1357.08M 1124.25M 2470.68M 3327.00M
Total operating expenses 104.00M 93.14M 104.67M 136.89M 116.50M
Cost of revenue 2330.49M 1931.13M 1472.83M 2777.57M 3318.80M
Total other income expense net 441.62M -42.03100M -38.76000M -68.80200M -213.11700M
Discontinued operations - 2.53M 2.53M 2.53M 2.53M
Net income from continuing ops 154.66M -657.07900M -803.69200M -425.70300M -321.42100M
Net income applicable to common shares 154.66M -654.54500M -803.69200M -425.70300M -321.42100M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 7420.03M 3143.82M 2957.85M 3299.07M 4439.61M
Intangible assets 1051.70M 5.84M 7.54M 30.09M 71.44M
Earning assets - - - - -
Other current assets 83.17M 67.91M 67.62M 55.31M 75.18M
Total liab 2599.35M 1478.30M 1348.36M 1283.01M 1605.99M
Total stockholder equity 4812.29M 1665.52M 1609.49M 2016.06M 2833.62M
Deferred long term liab - 28.74M 29.23M 77.68M -
Other current liab 347.35M 198.57M 178.46M 175.00M 220.19M
Common stock 5.17M 3.02M 2.99M 2.71M 2.69M
Capital stock 5.17M 3.02M 2.99M 2.71M 2.69M
Retained earnings 57.03M -87.39400M -198.31600M 472.01M 1294.90M
Other liab - 76.80M 42.08M 88.69M 212.21M
Good will 1379.74M - - 30.09M 372.56M
Other assets -1485.69800M 27.14M 15.88M 29.98M 25.84M
Cash 192.68M 137.55M 117.52M 224.91M 174.19M
Cash and equivalents - - - - -
Total current liabilities 1050.43M 550.97M 435.85M 273.72M 400.60M
Current deferred revenue 98.91M 110.22M 60.28M - -
Net debt 1152.81M 718.10M 759.80M 702.78M 828.93M
Short term debt 69.75M 5.12M 6.89M 7.10M 9.94M
Short long term debt 12.23M - - - -
Short long term debt total 1345.49M 855.65M 877.32M 927.70M 1003.12M
Other stockholder equity 4749.62M 1749.89M 1798.89M 1535.92M 1530.55M
Property plant equipment - 2260.58M 2331.76M 2761.04M 3337.95M
Total current assets 1485.70M 829.42M 583.65M 477.96M 631.82M
Long term investments - - - - -
Net tangible assets - 1659.68M 1704.59M 1985.97M 2389.62M
Short term investments - - - - -
Net receivables 1029.05M 565.92M 356.15M 164.64M 346.10M
Long term debt 1224.94M 830.94M 852.32M 901.48M 966.54M
Inventory 180.81M 58.04M 42.36M 33.09M 36.36M
Accounts payable 534.42M 237.06M 190.22M 91.62M 170.47M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 0.47M -467.90500M 5.92M 5.41M 5.48M
Additional paid in capital - - - - -
Common stock total equity - 3.02M 2.99M 2.71M 2.69M
Preferred stock total equity - - - - -
Retained earnings total equity - -87.39400M -198.31600M 472.01M -
Treasury stock - -1453.07900M -1372.64100M -1366.31300M -1345.13400M
Accumulated amortization - - - - -
Non currrent assets other 19.42M 10.88M 11.05M 11.42M 17.78M
Deferred long term asset charges - - - - -
Non current assets total 5934.33M 2314.40M 2374.20M 2821.11M 3807.80M
Capital lease obligations 108.32M 24.72M 25.00M 26.21M 36.58M
Long term debt total - 830.94M 852.32M 901.48M 966.54M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -2.50400M -0.52200M -0.42400M -301.76400M 23.76M
Change to liabilities 136.45M 97.92M -116.99300M -77.68600M -66.92800M
Total cashflows from investing activities -413.22700M -131.59400M -124.97600M -301.76400M -584.55200M
Net borrowings -20.21500M -50.00000M -0.58400M -176.47400M 248.71M
Total cash from financing activities -133.38100M -71.93300M -103.15000M -465.22100M 56.86M
Change to operating activities 93.29M 42.46M -70.02600M -27.35700M 4.08M
Net income 154.66M -654.54500M -803.69200M -425.70300M -321.42100M
Change in cash 20.03M -107.39100M 50.73M -70.84400M 202.20M
Begin period cash flow 117.52M 224.91M 174.19M 245.03M 42.83M
End period cash flow 137.55M 117.52M 224.91M 174.19M 245.03M
Total cash from operating activities 566.19M 95.50M 278.86M 696.20M 730.67M
Issuance of capital stock - - - 0.00000M 0.00000M
Depreciation 483.94M 849.18M 670.91M 1003.87M 916.32M
Other cashflows from investing activities 26.07M 35.25M 20.93M -0.42400M 33.15M
Dividends paid 43.10M 15.61M 18.86M 32.43M 30.59M
Change to inventory -14.15400M -5.85000M 27.19M 29.39M -1.47000M
Change to account receivables -209.22600M -147.35600M 173.86M 213.59M 23.52M
Sale purchase of stock -70.07000M -6.32800M -21.17900M -255.46700M -161.73700M
Other cashflows from financing activities 149.54M -63.10900M -0.58400M -0.85200M 593.26M
Change to netincome 13.68M -44.68600M 305.77M 184.41M 179.83M
Capital expenditures 436.80M 166.32M 145.48M 347.51M 641.46M
Change receivables -209.22600M -147.35600M 173.86M - 23.52M
Cash flows other operating - - 20.89M - -
Exchange rate changes - 0.64M -0.00200M - -0.78100M
Cash and cash equivalents changes 19.58M -107.39100M 50.73M - 202.20M
Change in working capital -86.93000M -55.29000M 84.06M 134.59M -44.88300M
Stock based compensation 21.10M 21.56M 26.57M 39.33M 37.92M
Other non cash items -13.58200M -2.42500M 426.29M 47.32M 183.92M
Free cash flow 129.39M -70.82400M 133.38M 348.69M 89.21M

Peer Comparison

Sector: Energy Industry: Oil & Gas Drilling

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
PTEN
Patterson-UTI Energy Inc		 0.28 3.50% 8.12 20.37 17.36 0.91 0.90 1.12 4.55
NE
Noble Corporation plc		 0.68 2.29% 30.33 13.16 15.31 2.65 1.72 2.65 9.34
RIG
Transocean Ltd		 0.12 3.54% 3.65 - - 1.85 0.48 4.37 21.46
YZCFF
Sinopec Oilfield Service Corporation		 - -% 0.07 - 25.06 0.05 1.07 0.09 3.85
HP
Helmerich and Payne Inc		 0.39 1.27% 31.15 8.97 10.83 1.29 1.33 1.37 3.97

Reports Covered

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Profile

Patterson-UTI Energy, Inc., through its subsidiaries, engages in the provision of contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Drilling Services, Completion Services, and Drilling Products. The Contract Drilling Services segment provides contract and directional drilling services in onshore oil and natural gas basins, as well as engages in the service and re-certification of equipment for drilling contractors, and provision of electrical controls and automation to the energy, marine and mining industries. The Completion Services segment offers services for hydraulic fracturing, wireline and pumping, completion support, and cementing; and involved in the power solutions natural gas fueling, and logistics and storage businesses. The Drilling Products segment manufactures and distributes drill bits for energy and mining markets. It also provides software and services, such as MWD Survey FDIR, a data analytics technology to analyze MWD survey data in real-time and identify the position of a well; HiFi Nav, which enhances FDIR by targeting improved vertical placement of the directional well within the reservoir; HiFi Guidance, utilizes trajectory optimization to determine optimal steering recommendations and placement within the reservoir; and rents oilfield tools. The company was founded in 1978 and is headquartered in Houston, Texas.

Patterson-UTI Energy Inc

10713 West Sam Houston Parkway North, Houston, TX, United States, 77064

Key Executives

Name Title Year Born
Mr. William Andrew Hendricks Jr. Pres, CEO & Director 1965
Mr. C. Andrew Smith Exec. VP & CFO 1971
Mr. Seth D. Wexler Sr. VP, Gen. Counsel & Sec. 1972
Mr. Kenneth N. Berns CPA Exec. VP & Chief Commercial Officer 1960
Mr. James Michael Holcomb Pres of UTI Drilling Company LLC 1963
Mr. James Michael Drickamer VP of Investor Relations NA
Mr. William Andrew Hendricks Jr. President, CEO & Director 1965
Mr. C. Andrew Smith Executive VP & CFO 1971
Mr. Seth D. Wexler Senior VP, General Counsel & Secretary 1972
Mr. Kenneth N. Berns CPA Executive VP & Chief Commercial Officer 1960

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