Patterson UTI Energy Inc income statement
In fiscal 2025, Patterson UTI Energy Inc reported revenue of $4.83bn, down 10.3% on the year before, operating income of −$40.8m (a -0.8% margin) and net income of −$93.6m, or −$0.24 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 782 | 1,463 | 2,566 | 2,723 | 2,716 | 3,182 | 1,891 | 916 | 2,357 | 3,327 | 2,471 | 1,124 | 1,357 | 2,648 | 4,146 | 5,378 | 4,827 | 4,838 |
| Selling, general and administrative | 44 | 53 | 64 | 64 | 74 | 80 | 75 | 69 | 106 | 134 | 134 | 98 | 92 | 117 | 170 | 268 | 255 | — |
| Operating income | −48 | 201 | 526 | 497 | 322 | 283 | −407 | −456 | −293 | −322 | −462 | −892 | −678 | 211 | 352 | −890 | −41 | 42 |
| Interest expense | 4 | 13 | 16 | 23 | 28 | 30 | 36 | 40 | 37 | 52 | 75 | 41 | 42 | 40 | 53 | 72 | 71 | 76 |
| Income before tax | −52 | 191 | 511 | 476 | 296 | 254 | −442 | −496 | −328 | −367 | −530 | −931 | −720 | 168 | 307 | −957 | −103 | −24 |
| Income tax | −18 | 73 | 188 | 176 | 108 | 92 | −148 | −178 | −334 | −46 | −105 | −127 | −63 | 13 | 61 | 9 | −10 | 0 |
| Net income | −38 | 117 | 322 | 297 | 188 | 163 | −294 | −319 | 6 | −321 | −426 | −804 | −655 | 155 | 246 | −968 | −94 | −25 |
| Diluted EPS | −$0.25 | $0.76 | $2.06 | $1.96 | $1.28 | $1.11 | −$2.00 | −$2.18 | $0.03 | −$1.47 | −$2.10 | −$4.27 | −$3.36 | $0.70 | $0.88 | −$2.44 | −$0.24 | −$0.07 |
| Diluted shares (average) | 152m | 153m | 155m | 152m | 145m | 145m | 145m | 146m | 200m | 219m | 203m | 188m | 195m | 219m | 280m | 397m | 383m | 381m |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,162 | 1,281 | 1,219 | 1,176 | 1,151 | 1,117 | 1,228 | 1,342 |
| Selling, general and administrative | 73 | 67 | 64 | 62 | 62 | — | — | — |
| General and administrative | — | — | — | — | — | 69 | 68 | 70 |
| Operating income | −31 | 17 | −29 | −28 | −0 | −14 | −7 | 63 |
| Interest expense | 18 | 18 | 18 | 17 | 18 | 17 | 20 | 20 |
| Income before tax | −49 | 3 | −48 | −43 | −15 | −28 | −28 | 47 |
| Income tax | 2 | 1 | 1 | −7 | −6 | −4 | −9 | 19 |
| Net income | −52 | 1 | −49 | −36 | −9 | −25 | −20 | 28 |
| Diluted EPS | −$0.15 | $0.00 | −$0.13 | −$0.10 | −$0.02 | −$0.06 | −$0.05 | $0.07 |
| EBITDA | — | 214 | 168 | 165 | — | 171 | 176 | 248 |
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