Patterson-UTI Energy Inc. today reported that for the month of February 2023, the Company had an average of 131 drilling rigs operating in the United States. For the two months ended February 28, 2023, the Company had an average of 131 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 the Company will participate in the Raymond James 44th Annual Institutional Investors Conference on Tuesday, March 7, 2023. Participating in the conference from Patterson-UTI will be Andy Smith, Chief Financial Officer; and Mike Drickamer, Vice President Investor Relations. While at the conference, Andy Smith will participate in a fireside chat on Tuesday, March 7, 2023 at [...]
Patterson-UTI Energy Inc. today reported financial results for the quarter ended December 31, 2022. The Company reported net income of $100 million, or $0.46 per share, for the fourth quarter of 2022, compared to net income of $61.5 million, or $0.28 per share, for the third quarter of 2022. Revenues for the fourth quarter of 2022 were $788 million, compared to $728 million for the third quarter of 2022. Andy Hendricks [...]
Patterson-UTI Energy Inc. today reported that for the month of January 2023, the Company had an average of 130 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. will host a conference call on Thursday, February 9, 2023, at 9:00 a.m. Central Time to discuss results for the fourth quarter ended December 31, 2022. Participants can access the call by dialing 960-0676 or 550-5422 with the Conference ID 3822955. 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 2022, the Company had an average of 132 drilling rigs operating in the United States. For the quarter ended December 31, 2022, the Company had an average of 131 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. announced today that it expects its net income for the fourth quarter of 2022 to exceed $100 million and its adjusted EBITDA for the fourth quarter of 2022 to surpass $230 million, based on current projections. The Company also demonstrated its commitment during the fourth quarter to returning capital to its shareholders while maintaining a strong balance sheet. In aggregate, the Company returned [...]
Patterson-UTI Energy Inc. announced today that James "Mike" Holcomb has been promoted to the new position of Chief Operating Officer of Patterson-UTI Energy. "I am pleased to continue to work with Mike in his new and expanded role," stated Mr. Hendricks. "With Patterson-UTI's recent growth and market outlook, this new position will allow us to provide additional support to our business units, enhance the ability of our [...]
Patterson-UTI Energy Inc. today announced that the Company will participate in the Goldman Sachs Global Energy and Clean Technology Conference on Thursday, January 5, 2023. Participating in the conference from Patterson-UTI will be Andy Hendricks, Chief Executive Officer; and Mike Drickamer, Vice President Investor Relations. While at the conference, Andy Hendricks will participate in a panel discussion on Thursday [...]
Patterson-UTI Energy Inc. today reported that for the month of November 2022, the Company had an average of 131 drilling rigs operating in the United States. For the two months ended November 30, 2022, the Company had an average of 131 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 reported that for the month of October 2022, the Company had an average of 131 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, 2022. The Company reported net income of $61.5 million, or $0.28 per share, for the third quarter of 2022, compared to net income of $21.9 million, or $0.10 per share, for the second quarter of 2022. Revenues for the third quarter of 2022 were $728 million, compared to $622 million for the second quarter of 2022. Andy Hendricks [...]
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