PATTERSON UTI ENERGY INC (PTEN)
Energy · Contract drilling and oilfield services · NASDAQ
Patterson-UTI provides contract drilling services, completion services, and drilling products to oil and gas operators across North America.
What PATTERSON UTI ENERGY INC does
Patterson-UTI Energy is an onshore oil and gas services company that operates contract drilling rigs, provides completion services, and manufactures drilling products. The company generates revenue from three main segments: Drilling Services (contract drilling operations), Completion Services (well completion equipment and services), and Drilling Products (drill bits and related equipment). Patterson-UTI serves independent and major oil and gas operators primarily in the United States.
Themes: ["oil & gas drilling services","well completion services","drilling equipment","oilfield services","energy infrastructure"]
Fundamentals
- Price$9.40 as of 2026-07-09 close
- Market cap$3.6B as of 2026-07-10
- 1-year return+44.0% as of 2026-07-09 close
- Net margin-2.6% as of 2026-07-10
- Gross margin+24.0% as of 2026-07-10
- ROE-3.7% as of 2026-07-10
- Debt / equity0.39 as of 2026-07-10
- Revenue growth (YoY)-9.4% as of 2026-07-10
- Revenue CAGR (3y)+23.1% SEC XBRL
- Beta0.68 as of 2026-07-10
Dividend: yield +4.1%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Backlog of contract drilling revenue has declined significantly (from $830M in 2022 to $291M in 2025) due to reduced customer capital spending and commodity price pressures","Rapid technological change in drilling and completion services requires substantial capital expenditures to maintain competitiveness and may accelerate well drilling timelines, reducing revenue-earning days","Customer contract termination risk: fixed-term contracts may be terminated without early termination payment in certain circumstances (such as rig loss or customer bankruptcy), and customers may be unable to satisfy contractual obligations during depressed market conditions"]
Competitors & peers
- Helmerich & Payne (HP)
- Nabors Industries (NBR)
- Ensign Energy Services
- Precision Drilling (PD)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.