Patterson-UTI Energy, Inc. (PTEN) quarterly income statement — complete revenue, gross profit & net income history
Patterson-UTI Energy, Inc. (PTEN) annual income statement — 30-year revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 1.34B | 1.23B | 1.12B | 1.15B | 1.18B | 1.22B | 1.28B | 1.16B | 1.36B | 1.35B | 1.51B | 1.58B | 1.01B | 758.88M | 791.8M | 788.48M | 727.5M | 622.24M | 509.38M | 466.49M |
| Revenue Growth % | 14.14% | 0.71% | -12.75% | -0.97% | -13.36% | -9.56% | -15.22% | -26.65% | 34.19% | 77.65% | 90.75% | 100.93% | 39.03% | 21.96% | 55.45% | 69.02% | 103.28% | 113.26% | 111.42% | 111.27% |
| Cost of Goods Sold | 1.28B | 947.33M | 849.15M | 1.09B | 1.12B | 1.19B | 1.19B | 1.11B | 1.39B | 1.24B | 1.35B | 1.4B | 889.09M | 614.9M | 640.84M | 639.12M | 622.77M | 568.45M | 500.15M | 790.09M |
| COGS % of Revenue | 95.29% | 77.15% | 76% | 94.96% | 95.19% | 97.86% | 93.19% | 95.88% | 102.16% | 91.89% | 89.52% | 88.23% | 87.9% | 81.03% | 80.93% | 81.06% | 85.6% | 91.36% | 98.19% | 169.37% |
| Gross Profit | 63.27M | 280.64M | 268.18M | 57.98M | 56.52M | 28.1M | 87.26M | 47.88M | -29.36M | 109.39M | 158.26M | 186.41M | 122.36M | 143.99M | 150.96M | 149.35M | 104.73M | 53.78M | 9.22M | -323.6M |
| Gross Margin % | 4.71% | 22.85% | 24% | 5.04% | 4.81% | 2.3% | 6.81% | 4.12% | -2.16% | 8.11% | 10.48% | 11.77% | 12.1% | 18.97% | 19.07% | 18.94% | 14.4% | 8.64% | 1.81% | -69.37% |
| Gross Profit Growth % | 11.94% | 898.75% | 207.34% | 21.1% | 292.48% | -74.31% | -44.87% | -74.32% | -124% | -24.03% | 4.84% | 24.81% | 16.83% | 167.71% | 1536.46% | 146.15% | 253.46% | 161.47% | 109.74% | -216.63% |
| Operating Expenses | 0 | 287.6M | 282.49M | 62.06M | 84.58M | 57.59M | 70.31M | 79.21M | 961.26M | 64.31M | 71.27M | 61.88M | 112.66M | 39.4M | 25M | 32.55M | 28.39M | 17.02M | 28.11M | 37.21M |
| OpEx % of Revenue | - | 23.42% | 25.28% | 5.39% | 7.19% | 4.72% | 5.49% | 6.82% | 70.83% | 4.77% | 4.72% | 3.91% | 11.14% | 5.19% | 3.16% | 4.13% | 3.9% | 2.74% | 5.52% | 7.98% |
| Selling, General & Admin | 0 | 67.5M | 68.76M | 62.06M | 61.98M | 64.11M | 66.93M | 73.08M | 65.7M | 64.31M | 64.98M | 61.88M | 45.1M | 33.26M | 30.57M | 34.58M | 28.47M | 26.08M | 27.46M | 24.21M |
| SG&A % of Revenue | - | 5.5% | 6.15% | 5.39% | 5.27% | 5.26% | 5.23% | 6.29% | 4.84% | 4.77% | 4.3% | 3.91% | 4.46% | 4.38% | 3.86% | 4.39% | 3.91% | 4.19% | 5.39% | 5.19% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 1000K | 1000K | 0 | 1000K | -1000K | 1000K | 1000K | 1000K | 224K | 1000K | 0 | 1000K | 1000K | -1000K | -1000K | -85K | -1000K | 645K | 1000K |
| Operating Income | 63.27M | -6.96M | -14.32M | -4.08M | -28.05M | -29.49M | 16.95M | -31.34M | -990.63M | 45.09M | 87M | 124.53M | 9.7M | 104.58M | 125.96M | 116.81M | 76.34M | 36.76M | -18.88M | -360.8M |
| Operating Margin % | 4.71% | -0.57% | -1.28% | -0.35% | -2.39% | -2.42% | 1.32% | -2.7% | -72.99% | 3.34% | 5.76% | 7.86% | 0.96% | 13.78% | 15.91% | 14.81% | 10.49% | 5.91% | -3.71% | -77.34% |
| Operating Income Growth % | 325.54% | 76.39% | -184.49% | 86.98% | 97.17% | -165.4% | -80.52% | -125.16% | -10308.46% | -56.89% | -30.93% | 6.62% | -87.29% | 184.48% | 767.14% | 132.37% | 184.82% | 133.6% | 83.93% | -190.51% |
| EBITDA | 284.86M | 210.82M | 204.08M | 211.07M | 197.54M | 232.37M | 248.81M | 215.64M | -615.95M | 312.73M | 361.95M | 403.32M | 207.34M | 231.4M | 254.14M | 240.11M | 198.5M | 158.31M | 98.06M | 50.39M |
| EBITDA Margin % | 21.22% | 17.17% | 18.26% | 18.34% | 16.8% | 19.06% | 19.43% | 18.56% | -45.38% | 23.2% | 23.96% | 25.46% | 20.5% | 30.49% | 32.1% | 30.45% | 27.28% | 25.44% | 19.25% | 10.8% |
| EBITDA Growth % | 44.2% | -9.28% | -17.98% | -2.12% | 132.07% | -25.69% | -31.26% | -46.53% | -397.07% | 35.15% | 42.42% | 67.97% | 4.46% | 46.16% | 159.18% | 376.5% | 288.78% | 357.2% | 177.35% | 70.75% |
| D&A (Non-Cash Add-back) | 221.58M | 217.78M | 218.39M | 215.15M | 225.6M | 261.86M | 231.87M | 246.98M | 374.68M | 267.64M | 274.96M | 278.79M | 197.63M | 126.81M | 128.18M | 123.3M | 122.15M | 121.55M | 116.94M | 411.19M |
| EBIT | 67.12M | -7.52M | -10.59M | 2.55M | -25.55M | -29.86M | 20.38M | -31.74M | -990.6M | 55.87M | 90.04M | 111.95M | 11.22M | 108.12M | 128.69M | 116.45M | 74.63M | 34.32M | -17.28M | -361.89M |
| Net Interest Income | -17.28M | -17.5M | -14.72M | -15.24M | -16.01M | -16.37M | -16.23M | -16.8M | -17.25M | -16.05M | -16.15M | -17.14M | -13.49M | -8.53M | -7.59M | -7.79M | -10.92M | -10.64M | -10.55M | -10.56M |
| Interest Income | 2.69M | 2.9M | 2.77M | 2.43M | 1.48M | 1.27M | 1.46M | 928K | 745K | 1.87M | 2.19M | 1.54M | 2.13M | 1.21M | 1.24M | 273K | 58K | 14K | 15K | 26K |
| Interest Expense | 19.97M | 20.4M | 17.48M | 17.68M | 17.49M | 17.64M | 17.7M | 17.73M | 17.99M | 17.91M | 18.34M | 18.68M | 15.63M | 9.74M | 8.83M | 8.06M | 10.97M | 10.66M | 10.56M | 10.58M |
| Other Income/Expense | -16.13M | 6.96M | -13.76M | -11.05M | -14.99M | -18.02M | -14.27M | -18.13M | -17.96M | -15.68M | -15.3M | -31.26M | -14.11M | -6.2M | -6.1M | -8.41M | -12.69M | -13.1M | -8.97M | -11.67M |
| Pretax Income | 47.14M | 0 | -28.07M | -15.13M | -43.04M | -47.5M | 2.68M | -49.47M | -1.01B | 29.41M | 71.7M | 93.27M | -4.41M | 98.38M | 119.86M | 108.39M | 63.65M | 23.67M | -27.85M | -372.48M |
| Pretax Margin % | 3.51% | - | -2.51% | -1.31% | -3.66% | -3.9% | 0.21% | -4.26% | -74.31% | 2.18% | 4.75% | 5.89% | -0.44% | 12.96% | 15.14% | 13.75% | 8.75% | 3.8% | -5.47% | -79.85% |
| Income Tax | 18.51M | 19.27M | -3.6M | -5.93M | -6.59M | 1.19M | 1.39M | 1.93M | -30.26M | 17.79M | 20M | 31.33M | -4.13M | 13.77M | 20.18M | 8.29M | 2.2M | 1.78M | 928K | -8.12M |
| Effective Tax Rate % | 39.26% | - | 12.81% | 39.2% | 15.32% | -2.51% | 51.87% | -3.9% | 3% | 60.48% | 27.89% | 33.59% | 93.69% | 13.99% | 16.84% | 7.65% | 3.46% | 7.52% | -3.33% | 2.18% |
| Net Income | 28.35M | -19.6M | -24.63M | -9.09M | -36.4M | -49.14M | 1M | -51.58M | -978.76M | 11.08M | 51.23M | 61.95M | 50K | 84.61M | 99.68M | 100.1M | 61.45M | 21.89M | -28.78M | -361.82M |
| Net Margin % | 2.11% | -1.6% | -2.2% | -0.79% | -3.1% | -4.03% | 0.08% | -4.44% | -72.11% | 0.82% | 3.39% | 3.91% | 0% | 11.15% | 12.59% | 12.7% | 8.45% | 3.52% | -5.65% | -77.56% |
| Net Income Growth % | 177.89% | 60.11% | -2550.45% | 82.37% | 96.28% | -543.66% | -98.04% | -183.26% | - | -86.91% | -48.6% | -38.11% | -99.92% | 286.61% | 446.38% | 127.66% | 174.04% | 121.19% | 72.96% | -239.66% |
| Net Income (Continuing) | 28.64M | -19.27M | -24.48M | -9.2M | -36.45M | -48.7M | 1.29M | -51.39M | -978.33M | 11.62M | 51.71M | 61.94M | -278K | 84.61M | 99.68M | 100.1M | 61.45M | 21.89M | -28.78M | -364.36M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 6.01M | 6.66M | 6.33M | 6.18M | 6.28M | 6.33M | 8.41M | 10.02M | 9.83M | 9.4M | 8.86M | 8.39M | 8.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.07 | -0.05 | -0.06 | -0.02 | -0.10 | -0.13 | 0.00 | -0.13 | -2.50 | 0.03 | 0.13 | 0.15 | 0.00 | 0.40 | 0.46 | 0.46 | 0.28 | 0.10 | -0.13 | -1.68 |
| EPS Growth % | 173.61% | 60.31% | - | 81.54% | 96.2% | -569.31% | -98% | -186.67% | - | -93.08% | -71.74% | -67.39% | -99.93% | 301.61% | 453.85% | 127.38% | 163.64% | 118.11% | 77.19% | -194.74% |
| EPS (Basic) | 0.07 | -0.05 | -0.06 | -0.02 | -0.10 | -0.13 | 0.00 | -0.13 | -2.50 | 0.03 | 0.13 | 0.15 | 0.00 | 0.41 | 0.47 | 0.46 | 0.28 | 0.10 | -0.13 | -1.68 |
| Diluted Shares Outstanding | 384.36M | 379.89M | 379.59M | 379.24M | 384.89M | 385.94M | 387.04M | 389.45M | 391.73M | 399.56M | 409.82M | 418.75M | 281.98M | 208.98M | 215.87M | 219.84M | 220.45M | 219.68M | 215.27M | 215.09M |
| Basic Shares Outstanding | 381.1M | 379.89M | 379.59M | 379.24M | 384.89M | 385.94M | 386.52M | 389.45M | 391.73M | 399.56M | 408.18M | 415.66M | 280.22M | 207.84M | 212.09M | 215.47M | 216.82M | 216.16M | 215.27M | 215.09M |
| Dividend Payout Ratio | 134.34% | - | - | - | - | - | 3072.34% | - | - | 287.22% | 63.54% | 53.77% | 66434% | 19.61% | 16.97% | 17.14% | 14.11% | 39.53% | - | - |