Patterson-UTI Energy Inc. today reported that for the month of October 2024, the Company had an average of 105 drilling rigs operating in the United States. 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 in the United States. The Company cautioned that numerous factors in [...]
Patterson-UTI Energy Inc. today reported financial results for the quarter ended September 30, 2024. Third Quarter 2024 Financial Results Total revenue of $1.4 billion Net loss attributable to common stockholders of $979 million, or $2.50 per share Includes an $885 million goodwill impairment, a $114 million asset retirement charge for rigs we are no longer marketing, and $7 million in merger and integration expenses [...]
Patterson-UTI Energy Inc. will host a conference call on Thursday, October 24, 2024, at 9:00 a.m. Central Time to discuss results for the third quarter ended September 30, 2024. Participants can access the call by dialing 715-9871 in North America or 307-1963 if International and referencing Conference ID 1337733. The call will also be webcast and can be accessed through a link in the Investors section of the Company's [...]
Patterson-UTI Energy Inc. today reported that for the month of September 2024, the Company had an average of 107 drilling rigs operating in the United States. For the three months ended September 30, 2024, the Company had an average of 107 drilling rigs operating in the United States. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs [...]
Patterson-UTI Energy Inc. today announced that its subsidiary, Patterson-UTI TW Holdings LLC, has signed the previously announced joint venture agreement with a subsidiary of ADNOC Drilling, the largest national drilling contractor in the Middle East and the sole provider of drilling rig services in the Emirate of Abu Dhabi. As part of the agreement, Patterson-UTI will hold a 15% minority equity interest in Turnwell [...]
Patterson-UTI Energy Inc. today reported that for the month of August 2024, the Company had an average of 107 drilling rigs operating in the United States. For the two months ended August 31, 2024, the Company had an average of 108 drilling rigs operating in the United States. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that [...]
Patterson-UTI Energy Inc. today reported that for the month of July 2024, the Company had an average of 108 drilling rigs operating in the United States. 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 in the United States. The Company cautioned that numerous factors in addition [...]
Patterson-UTI Energy Inc. today reported financial results for the quarter ended June 30, 2024. Second Quarter 2024 Financial Results Total revenue of $1.3 billion Net income attributable to common stockholders of $11 million, or $0.03 per share Includes $11 million in merger and integration expenses Adjusted EBITDA of $324 million Excludes merger and integration expenses Other Key Items Year-to-date through June 30 [...]
Patterson-UTI Energy Inc. will host a conference call on Thursday, July 25, 2024, at 9:00 a.m. Central Time to discuss results for the second quarter ended June 30, 2024. Participants can access the call by dialing 715-9871 in North America or 307-1963 if International and referencing Conference ID 8671416. The call will also be webcast and can be accessed through a link in the Investors section of the Company's website [...]
Patterson-UTI Energy Inc. today reported that for the month of June 2024, the Company had an average of 113 drilling rigs operating in the United States. For the three months ended June 30, 2024, the Company had an average of 114 drilling rigs operating in the United States. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were [...]
Patterson-UTI Energy Inc. today reported that for the month of May 2024, the Company had an average of 114 drilling rigs operating in the United States. For the two months ended May 31, 2024, the Company had an average of 115 drilling rigs operating in the United States. Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were [...]
Patterson-UTI Energy Inc. today announced that its subsidiary, Patterson-UTI International Holdings, Inc., has signed a non-binding term sheet with ADNOC Drilling, the largest national drilling contractor in the Middle East and the sole provider of drilling rig services in the Emirate of Abu Dhabi. Subject to the execution of definitive agreements and any necessary regulatory approvals, Patterson-UTI expects to hold a [...]
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