Patterson Uti Energy Overview
- Year Founded
-
1978
- Status
-
Public
- Employees
-
10,600
- Stock Symbol
-
PTEN
- Investments
-
16
- Share Price
-
$8.04
- (As of Wednesday Closing)
Patterson Uti Energy General Information
Description
Patterson-UTI Energy is one of the largest land rig drilling contractors in the United States. Its 2023 merger with NexTier greatly expanded its pressure pumping operations, as well, and the firm now controls nearly 20% of the North American market for drilling and completions services. It also provides directional drilling services and tool rental services in most US onshore oil and gas basins.
Contact Information
Website
www.patenergy.comCorporate Office
- 10713 West Sam Houston Parkway North
- Suite 800
- Houston, TX 77064
- United States
Corporate Office
- 10713 West Sam Houston Parkway North
- Suite 800
- Houston, TX 77064
- United States
Patterson Uti Energy Stock Performance
(As of Wednesday Closing)
| Stock Price | Previous Close | 52 wk Range | Market Cap | Shares | Average Volume | EPS |
|---|---|---|---|---|---|---|
| $8.04 | $8.19 | $7.45 - $14.26 | $3.22B | 393M | 7.24M | $0.24 |
Patterson Uti Energy Financials Summary
|
In Thousands, USD |
TTM 30-Jun-2024 | FY 2023 31-Dec-2023 | FY 2022 31-Dec-2022 | FY 2021 31-Dec-2021 |
|---|---|---|---|---|
| EV | 5,321,127 | 5,795,553 | 4,487,504 | 2,550,258 |
| Revenue | 5,454,323 | 4,146,456 | 2,647,592 | 1,357,081 |
| EBITDA | 1,271,815 | 1,085,268 | 691,703 | 171,153 |
| Net Income | 124,312 | 246,292 | 154,658 | (654,545) |
| Total Assets | 7,022,331 | 7,420,031 | 3,143,823 | 2,957,848 |
| Total Debt | 1,313,652 | 1,345,489 | 855,654 | 877,322 |
Patterson Uti Energy Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Patterson Uti Energy Comparisons
Industry
Financing
Details
Patterson Uti Energy Competitors (9)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Precision Drilling | Formerly PE-Backed | Calgary, Canada | ||||
| Noble Corporation | Corporation | Sugar Land, TX | ||||
| Diamond Offshore Drilling | Corporate Backed or Acquired | Houston, TX | ||||
| Savanna Energy Services | Corporate Backed or Acquired | Calgary, Canada | ||||
| GE Oil & Gas | Corporation | Houston, TX |
Patterson Uti Energy Patents
Patterson Uti Energy Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20240167349-A1 | Rig integrated managed pressure drilling system and method | Pending | 23-Nov-2022 | ||
| US-20230349267-A1 | Integrated wellsite system and method for in-situ co2 gas capture, carbonation and sequestration | Pending | 28-Apr-2022 | ||
| US-20230349266-A1 | Integrated wellsite system and method for greenhouse gas capture and sequestration | Pending | 28-Apr-2022 | ||
| US-20230349632-A1 | Greenhouse gas capture and sequestration system and method with collection service | Pending | 28-Apr-2022 | ||
| US-9512676-B2 | Mast leg pulley | Active | 05-Mar-2015 | E21B7/023 |
Patterson Uti Energy Executive Team (11)
| Name | Title | Board Seat |
|---|---|---|
| William Hendricks Jr. | President, Chief Executive Officer & Board Member | |
| Matthew Gillard | President | |
| C. Smith | Executive Vice President, Chief Financial Officer, Finance & Chief Accounting Officer, Accounting | |
| James Holcomb | Executive Vice President and Chief Business Officer | |
| Kenneth Berns | Executive Vice President & Executive |
Patterson Uti Energy Board Members (18)
| Name | Representing | Role | Since |
|---|---|---|---|
| Amy Nelson | Self | Board Member | |
| Cesar Jaime | Self | Board Member | |
| Curtis Huff JD | Self | Chairman & Board Member | |
| Gary Halverson | Self | Board Member | |
| James Stewart | Self | Board Member |
Patterson Uti Energy Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Patterson Uti Energy Investments & Acquisitions (16)
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Turnwell Industries | 30-Sep-2024 | Energy Exploration | |||
| NexTier Oilfield Solutions | 01-Sep-2023 | Other Energy Services | |||
| Ulterra Drilling Technologies | 14-Aug-2023 | Oil and Gas Equipment | |||
| Criterion Energy Partners | 08-Mar-2022 | Environmental Services (B2B) | |||
| Pioneer Energy Services | 01-Oct-2021 | Merger/Acquisition | Other Energy Services |
Patterson Uti Energy Subsidiaries (5)
| Company Name | Industry | Location | Founded |
|---|---|---|---|
| Superior QC | Business/Productivity Software | Houston, TX | 2015 |
| Warrior Rig Technologies | Machinery (B2B) | Springtown, TX | |
| MS Directional | Other Commercial Services | Conroe, TX | |
| NexTier Oilfield Solutions | Other Energy Services | Houston, TX | |
| Ulterra Drilling Technologies | Oil and Gas Equipment | Fort Worth, TX |
Patterson Uti Energy ESG
Risk Overview
Risk Rating
Updated November, 04, 2023
22.67 | Med Risk
Risk Scale
A lower score indicates better sustainability
Negl
0-10
Low
10-20
Med
20-30
High
30-40
Severe
40+
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues
Management
Management is related to actions taken to manage ESG issues
Peers Analysis
Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.
Global
Covered Companies
of 16,009
Rank
Percentile
Energy Services
Industry
of 111
Rank
Percentile
Oil & Gas Drilling
Subindustry
of 23
Rank
Percentile
Patterson Uti Energy FAQs
-
When was Patterson Uti Energy founded?
Patterson Uti Energy was founded in 1978.
-
Who is the CEO of Patterson Uti Energy?
William Hendricks Jr. is the CEO of Patterson Uti Energy.
-
Where is Patterson Uti Energy headquartered?
Patterson Uti Energy is headquartered in Houston, TX.
-
What is the size of Patterson Uti Energy?
Patterson Uti Energy has 10,600 total employees.
-
What industry is Patterson Uti Energy in?
Patterson Uti Energy’s primary industry is Energy Exploration.
-
Is Patterson Uti Energy a private or public company?
Patterson Uti Energy is a Public company.
-
What is Patterson Uti Energy’s stock symbol?
The ticker symbol for Patterson Uti Energy is PTEN.
-
What is the current stock price of Patterson Uti Energy?
As of 09-Oct-2024 the stock price of Patterson Uti Energy is $8.04.
-
What is the current market cap of Patterson Uti Energy?
The current market capitalization of Patterson Uti Energy is $3.22B.
-
What is Patterson Uti Energy’s current revenue?
The trailing twelve month revenue for Patterson Uti Energy is $5.45B.
-
Who are Patterson Uti Energy’s competitors?
Precision Drilling, Noble Corporation, Diamond Offshore Drilling, Savanna Energy Services, and GE Oil & Gas are some of the 9 competitors of Patterson Uti Energy.
-
What is Patterson Uti Energy’s annual earnings per share (EPS)?
Patterson Uti Energy’s EPS for 12 months was $0.24.
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