Patterson-UTI Energy Inc. today reported financial results for the three months and year ended December 31, 2020. The Company reported a net loss of $107 million, or $0.57 per share, for the fourth quarter of 2020, compared to a net loss of $85.9 million, or $0.44 per share, for the fourth quarter of 2019. Revenues for the fourth quarter of 2020 were $221 million, compared to $492 million for the fourth quarter of 2019 [...]
Patterson-UTI Energy Inc. today reported that for the month of January 2021, the Company had an average of 67 drilling rigs operating. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were earning revenue under a drilling contract. The Company cautioned that numerous factors in addition to average drilling rigs operating can [...]
Patterson-UTI Energy Inc. will hold a conference call on Thursday, February 4, 2021, at 9:00 a.m. Central Time to discuss results for the fourth quarter ended December 31, 2020. Participants can access the call by dialing 253-8640 or 494-0002 with the Conference ID 3995753. The call will also be webcast and can be accessed through a link in the Investors section of the Company's website at investor.patenergy.com. A replay [...]
Patterson-UTI Energy Inc. today reported that for the month of December 2020, the Company had an average of 64 drilling rigs operating. For the three months ended December 31, 2020, the Company had an average of 62 drilling rigs operating. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were earning revenue under a drilling [...]
Patterson-UTI Energy Inc. today reported that for the month of November 2020, the Company had an average of 61 drilling rigs operating. For the two months ended November 30, 2020, the Company had an average of 61 drilling rigs operating. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were earning revenue under a drilling [...]
Patterson-UTI Energy Inc. today reported that for the month of October 2020, the Company had an average of 61 drilling rigs operating. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were earning revenue under a drilling contract. The Company cautioned that numerous factors in addition to average drilling rigs operating can [...]
Patterson-UTI Energy Inc. today reported financial results for the three and nine months ended September 30, 2020. The Company reported a net loss of $112 million, or $0.60 per share, for the third quarter of 2020, compared to a net loss of $262 million, or $1.31 per share, for the third quarter of 2019. Revenues for the third quarter of 2020 were $207 million, compared to $598 million for the third quarter of 2019. For [...]
Patterson-UTI Energy Inc. today reported that for the month of September 2020, the Company had an average of 60 drilling rigs operating. For the three months ended September 30, 2020, the Company had an average of 60 drilling rigs operating. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were earning revenue under a drilling [...]
Patterson-UTI Energy Inc. will hold a conference call on Thursday, October 22, 2020, at 9:00 a.m. Central Time to discuss results for the three and nine months ending September 30, 2020. Participants can access the call by dialing 253-8640 or 494-0002 with the Conference ID 9968598. The call will also be webcast and can be accessed through a link in the Investors section of the Company's website at investor.patenergy.com [...]
Patterson-UTI Energy Inc. today reported that for the month of August 2020, the Company had an average of 59 drilling rigs operating. For the two months ended August 31, 2020, the Company had an average of 59 drilling rigs operating. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were earning revenue under a drilling [...]
Patterson-UTI Energy Inc. today announced that it will make a presentation on Tuesday, September 8, 2020, at the Barclays CEO Energy-Power Conference. Presenting for the Company at the conference will be Andy Hendricks, Chief Executive Officer. The presentation will be webcast live beginning at approximately 3:05 p.m. Eastern Time. To access the webcast, go to investor.patenergy.com prior to the scheduled start time [...]
Patterson-UTI Energy Inc. today reported that for the month of July 2020, the Company had an average of 60 drilling rigs operating. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were earning revenue under a drilling contract. The Company cautioned that numerous factors in addition to average drilling rigs operating can [...]
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