Patterson-UTI Energy, Inc. (PTEN)

Patterson-UTI Energy Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Revenue	4,827	5,312	4,072	2,567	1,308
Other Revenue	-	65.67	74.58	80.36	49.11
Revenue	4,827	5,378	4,146	2,648	1,357
Revenue Growth (YoY)	-10.25%	29.70%	56.61%	95.09%	20.71%
Cost of Revenue	3,657	3,920	2,811	1,847	1,082
Gross Profit	1,170	1,458	1,335	801.04	275.13
Selling, General & Admin	255.07	268.34	169.96	116.59	92.38
Other Operating Expenses	14.6	-10.71	-4.57	-12.59	2.19
Operating Expenses	1,210	1,316	890.31	587.94	676.15
Operating Income	-39.81	142.54	444.83	213.1	-401.02
Interest Expense	-70.51	-71.96	-52.87	-40.26	-41.98
Interest & Investment Income	6.65	5.73	6.12	0.36	0.22
Other Non Operating Income (Expenses)	1.7	-0.98	1.9	-3.27	-0.28
EBT Excluding Unusual Items	-101.98	75.33	399.98	169.93	-443.05
Merger & Restructuring Charges	-1.02	-33.04	-98.08	-2.07	-12.06
Impairment of Goodwill	-	-885.24	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	1.43
Asset Writedown	-	-114	-	-	-266.1
Legal Settlements	-	-	5.2	-	-
Pretax Income	-102.99	-956.95	307.1	167.86	-719.78
Income Tax Expense	-9.94	9.45	61.15	13.2	-62.7
Earnings From Continuing Operations	-93.05	-966.4	245.95	154.66	-657.08
Earnings From Discontinued Operations	-	-	-	-	2.53
Net Income to Company	-93.05	-966.4	245.95	154.66	-654.55
Minority Interest in Earnings	-0.58	-1.63	0.34	-	-
Net Income	-93.64	-968.03	246.29	154.66	-654.55
Net Income to Common	-93.64	-968.03	246.29	154.66	-654.55
Net Income Growth	-	-	59.25%	-	-
Shares Outstanding (Basic)	383	397	280	216	195
Shares Outstanding (Diluted)	383	397	280	219	195
Shares Change (YoY)	-3.46%	41.83%	27.59%	12.55%	3.73%
EPS (Basic)	-0.24	-2.44	0.88	0.72	-3.36
EPS (Diluted)	-0.24	-2.44	0.88	0.70	-3.36
EPS Growth	-	-	25.71%	-	-
Free Cash Flow	372.19	497.15	390.22	129.39	-70.82
Free Cash Flow Per Share	0.97	1.25	1.39	0.59	-0.36
Dividend Per Share	0.320	0.320	0.320	0.200	0.080
Dividend Growth	-	-	60.00%	150.00%	-20.00%
Gross Margin	24.24%	27.11%	32.20%	30.25%	20.27%
Operating Margin	-0.83%	2.65%	10.73%	8.05%	-29.55%
Profit Margin	-1.94%	-18.00%	5.94%	5.84%	-48.23%
Free Cash Flow Margin	7.71%	9.24%	9.41%	4.89%	-5.22%
EBITDA	900.45	1,200	1,176	697.05	182.06
EBITDA Margin	18.66%	22.32%	28.37%	26.33%	13.42%
D&A For EBITDA	940.26	1,058	731.42	483.95	583.08
EBIT	-39.81	142.54	444.83	213.1	-401.02
EBIT Margin	-0.83%	2.65%	10.73%	8.05%	-29.55%
Effective Tax Rate	-	-	19.91%	7.87%	-
Revenue as Reported	-	5,378	4,146	2,648	1,357

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q