Patterson-UTI Energy Inc. today reported financial results for the three months and year ended December 31, 2019. The Company reported a net loss of $85.9 million, or $0.44 per share, for the fourth quarter of 2019, compared to a net loss of $201 million, or $0.93 per share, for the fourth quarter of 2018. Revenues for the fourth quarter of 2019 were $492 million, compared to $796 million for the fourth quarter of 2018 [...]
Patterson-UTI Energy Inc. today reported that for the month of January 2020, the Company had an average of 123 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 operating under a drilling contract. The Company cautioned that numerous factors in addition to average drilling rigs operating can impact [...]
Patterson-UTI Energy Inc. today reported that for the month of December 2019, the Company had an average of 122 drilling rigs operating. For the three months ended December 31, 2019, the Company had an average of 123 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 operating under a drilling [...]
Patterson-UTI Energy Inc. will hold a conference call on Thursday, February 6, 2020, at 9:00 a.m. Central Time to discuss results for the fourth quarter ending December 31, 2019. Participants can access the call by dialing 253-8661 or 704-2496 with the Conference ID 1061035. 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 [...]
Patterson-UTI Energy Inc. today reported that for the month of November 2019, the Company had an average of 119 drilling rigs operating. For the two months ended November 30, 2019, the Company had an average of 123 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 operating under a drilling [...]
Patterson-UTI Energy Inc. announced today that it has closed its previously announced registered underwritten public offering of $350 million aggregate principal amount of 5.15% Senior Notes due 2029 . The Notes will pay interest semi-annually at a rate of 5.15% per year and will mature on November 15, 2029. The Company intends to use the net proceeds from the offering to repay in full the Company's 4.27% Series B [...]
Patterson-UTI Energy Inc. announced that it has priced a registered underwritten public offering of $350 million aggregate principal amount of 5.15% Senior Notes due 2029 . The Notes will pay interest semi-annually at a rate of 5.15% per year and will mature on November 15, 2029. The closing of the offering of the Notes is expected to occur on Friday, November 15, 2019, subject to the satisfaction of customary closing [...]
Patterson-UTI Energy Inc. today reported that for the month of October 2019, the Company had an average of 127 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 operating under a drilling contract. The Company cautioned that numerous factors in addition to average drilling rigs operating can [...]
Patterson-UTI Energy Inc. today announced that it will make a presentation on Wednesday, November 13, 2019, at the Bank of America Merrill Lynch 2019 Global Energy Conference. Presenting for the Company at the conference will be Andy Hendricks, Chief Executive Officer. The presentation will be webcast live beginning at approximately 3:30 p.m. Eastern Time. To access the webcast, go to investor.patenergy.com prior to [...]
Patterson-UTI Energy Inc. today reported financial results for the three and nine months ended September 30, 2019. The Company reported a net loss of $262 million, or $1.31 per share, for the third quarter of 2019, compared to a net loss of $75.0 million, or $0.34 per share, for the quarter ended September 30, 2018. Excluding charges discussed below, the majority of which were non-cash, the net loss for the third [...]
Patterson-UTI Energy Inc. today reported that for the month of September 2019, the Company had an average of 135 drilling rigs operating. For the three months ended September 30, 2019, the Company had an average of 142 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 operating under a drilling [...]
Patterson-UTI Energy Inc. will hold a conference call on Thursday, October 24, 2019, at 9:00 a.m. Central Time to discuss results for the third quarter ending September 30, 2019. Participants can access the call by dialing 253-8661 or 704-2496 with the Conference ID 9373879. 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 [...]