Wall Street expects a year-over-year decline in earnings on higher revenues when Patterson-UTI (PTEN) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 24. On t ...

Patterson-UTI Energy, Inc. (PTEN) is set to report second-quarter earnings on Jul 25. The Zacks Consensus Estimate for earnings is pegged at 9 cents per share and revenues of $1.42 billion.Let’s delve into the factors that might have influenced PTEN’s performance in the to-be-reported quarter. Before that, it’s worth taking a look at the company’s performance in the last reported quarter.Highlights of Q1 EarningsIn the last reported quarter, the Houston, TX-based oilfield services company’s earnings beat th ...

Patterson-UTI Energy, Inc. (PTEN) disclosed a significant development involving its subsidiary, Patterson-UTI International Holdings, Inc. The subsidiary has entered into a non-binding term sheet with ADNOC Drilling, a subsidiary of Abu Dhabi National Oil Company (“ADNOC”). Subject to definitive agreements and regulatory approvals, Patterson-UTI expects to acquire a minority equity interest in Turnwell Industries LLC OPC, a company newly established by ADNOC Drilling. Additionally, Abu Dhabi-based oil and g ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________ Form 10-Q ______________________ þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-39270 ______________________ Patterson-UTI Energy, Inc. (Exact name of regist ...

财务数据和关键指标变化 - 第一季度总收入为15.10亿美元，净收入为5100万美元，每股收益为0.13美元，调整后的净收入为6100万美元，每股收益为0.15美元 [17][18] - 调整后的EBITDA为3.75亿美元，自由现金流为1.39亿美元，股东回报总额为1.3亿美元，包括每股0.08美元的股息和9800万美元的股票回购 [19][21] - 第一季度的资本支出为2.27亿美元，预计第二季度资本支出约为1.8亿美元 [31][32] 各条业务线数据和关键指标变化 - 钻井服务部门第一季度收入为4.58亿美元，调整后的毛利为1.86亿美元，平均每日钻井收入为35680美元，平均每日运营成本为19510美元 [22][23] - 完成服务部门第一季度收入为9.45亿美元，调整后的毛利为1.99亿美元，预计第二季度收入约为8.6亿美元，调整后的毛利约为1.7亿美元 [26][27] - 钻井产品部门第一季度收入为9000万美元，调整后的毛利为4100万美元，国际收入同比增长超过15% [27][28] 各个市场数据和关键指标变化 - 在美国，钻井服务的活动保持稳定，尽管天然气价格疲软，预计第二季度将平均运营114台钻机 [9][25] - 国际市场表现强劲，特别是在中东地区，预计国际业务将实现高个位数的收入增长 [15][28] 公司战略和发展方向和行业竞争 - 公司专注于技术投资和服务整合，以提高运营效率和客户满意度，预计将继续在市场中获得竞争优势 [6][10] - 公司已实现超过2亿美元的年度协同效应，未来将继续寻找额外的成本协同和收入机会 [13][33] - 行业整体趋向于更高的资本纪律，预计将推动市场结构改善 [35][122] 管理层对经营环境和未来前景的评论 - 管理层对2024年的行业前景持乐观态度，认为油价稳定且市场需求将逐步恢复 [35] - 对天然气市场的长期前景持积极态度，预计未来几年将有更多的液化天然气出口需求 [8][52] 其他重要信息 - 公司在第一季度的自由现金流转化率有所提高，自2022年以来已向投资者返还超过80%的自由现金流 [32][65] - 公司在电动压裂设备方面的投资取得了良好进展，预计到年中将实现14万马力的电动压裂能力 [14][27] 问答环节所有提问和回答 问题: 关于压裂现场整合的进展 - 管理层表示，整合服务的进展良好，特别是在压裂设备与其他服务的整合方面，预计将提高效率 [40][41] 问题: 关于天然气市场的前景 - 管理层对天然气市场的长期前景持乐观态度，预计2025年及以后将有更多需求 [52][53] 问题: 关于资本回报的节奏 - 管理层承诺2024年将至少返还4亿美元的股息和股票回购，预计将继续保持这一水平 [63][65] 问题: 关于完成服务的毛利前景 - 管理层预计完成服务的毛利将在第三季度恢复到第一季度的水平，主要得益于客户活动的恢复 [76][87] 问题: 关于技术开发的进展 - 管理层表示，正在积极开发新技术，预计未来几年将推出新型电动压裂设备 [95]

Exhibit 99.1 Contact: Michael Sabella Vice President, Investor Relations (281) 885-7589 Patterson-UTI Energy Reports Financial Results for the Quarter Ended March 31, 2024 HOUSTON, Texas – May 1, 2024 – PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the quarter ended March 31, 2024. First Quarter 2024 Financial Results and Other Key Items • Total revenue of $1.5 billion • Net income attributable to common stockholders of $51 million, or $0.13 per share ◦ Includes $12 million ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-39270 Patterson-UTI Energy, Inc. (Exact name of registrant as specified in its charter) Delaware 75-2504748 (State or other jurisdictio ...

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Q4 2023 Earnings Conference Call February 15, 2024 10:00 AM ET Company Participants Mike Sabella - VP, IR Andy Hendricks - President & CEO Andrew Smith - CFO & EVP Conference Call Participants Arun Jayaram - JPMorgan Scott Gruber - Citi Derek Podhaizer - Barclays Capital Sean Mitchell - Daniel Energy Partners Jim Rollyson - Raymond James Keith MacKey - RBC Capital Markets Dan Kutz - Morgan Stanley & Co. Ati Modak - Goldman Sachs Saurabh Pant - Bank of America Merrill ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-39270 Patterson-UTI Energy, Inc. (Exact name of registrant as specified in its charter) Delaware 75-2504748 (State or other jurisdiction ...

Patterson-UTI Energy Inc. (NASDAQ:PTEN) Q3 2023 Results Conference Call November 8, 2023 10:00 AM ET Company Participants Mike Sibella - Vice President of Investor Relations William Hendricks - President, CEO & Director Andrew Smith - Executive VP & CFO Conference Call Participants Scott Gruber - Citigroup Jim Rollyson - Raymond James Stephen Gengaro - Stifel Derek Podhaizer - Barclays Kurt Hallead - Benchmark Keith Mackey - Calgary Sean Mitchell - Daniel Energy Partners Don Crist - Johnson Rice Operator Go ...