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Patterson-Uti Energy (PTEN)
NASDAQ:PTEN
US Market

Patterson-UTI (PTEN) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Apr 24, 2025
TBA Not Confirmed
Period Ending
2025 (Q1)
Consensus EPS Forecast
-0.05
Last Year’s EPS
0.15
Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary

Earnings Call Date:Feb 05, 2025
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% Change Since: 5.37%
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Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive achievements and challenges. While the company achieved significant milestones in cash flow, debt reduction, and product performance, it faced a net loss and pricing pressures in some segments. The sentiment is balanced with optimism for future growth and market opportunities.
Company Guidance
During the fourth quarter of fiscal year 2024, Patterson-UTI Energy, Inc. presented robust financial performance and outlined strategic guidance for 2025 during their earnings call. The company reported total revenue of $1.162 billion and adjusted EBITDA of $225 million, despite facing industry-wide challenges. Their strategic initiatives led to strong free cash flow generation of $523 million for the year, with significant capital returns to shareholders, including a 6% reduction in total share count and a dividend payment amounting to 4% of their current market cap. The company also reduced net debt by nearly $100 million. Patterson-UTI Energy plans to continue allocating at least 50% of adjusted free cash flow to shareholders in 2025 through dividends and share buybacks. Looking ahead, they anticipate steady US drilling activity, supported by favorable oil and natural gas commodity prices, and aim to further integrate and optimize their service offerings to enhance margins. The company is also keen on expanding its natural gas-powered and integrated service offerings, expecting over 200,000 horsepower of Emerald natural gas-powered completion assets by mid-2025.
Strong Free Cash Flow and Shareholder Returns
Patterson-UTI Energy, Inc. delivered strong free cash flow in 2024 and returned significant capital to shareholders, reducing total share count by more than 6% and paying a cumulative dividend equal to 4% of the current market cap.
Debt Reduction
The company reduced net debt, including leases, by almost $100 million.
Record Performance in Drilling Products Segment
The drilling products segment outperformed industry activity, with US revenue down less than 5% despite a more than 10% decline in industry rig count, and international revenue improved. Downhole tools and product innovation revenue more than doubled in 2024.
Successful Launch of New Fuel Gas Technology
The new fuel gas technology allowed customers to use more trapped fuel gas, addressing challenges with fuel gas quality and reducing diesel displacement.
Emerald Fleet Expansion
The company operated more than 150,000 horsepower of natural gas powered completion equipment and expects to surpass 200,000 horsepower by mid-2025.
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Patterson-UTI (PTEN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

PTEN Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Apr 24, 20252025 (Q1)
-0.05 / -
0.15
Feb 05, 20252024 (Q4)
-0.10 / -0.12
0.19-161.05% (-0.31)
Oct 23, 20242024 (Q3)
<0.01 / 0.00
0.2
Jul 25, 20242024 (Q2)
0.08 / 0.03
0.4-92.50% (-0.37)
May 01, 20242024 (Q1)
0.13 / 0.15
0.46-67.39% (-0.31)
Feb 14, 20242023 (Q4)
0.18 / 0.19
0.46-58.70% (-0.27)
Nov 07, 20232023 (Q3)
0.25 / 0.20
0.29-31.03% (-0.09)
Jul 26, 20232023 (Q2)
0.44 / 0.40
0.108270.37% (+0.29)
Apr 26, 20232023 (Q1)
0.35 / 0.46
-0.126465.08% (+0.59)
Feb 08, 20232022 (Q4)
0.42 / 0.46
-0.38221.05% (+0.84)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PTEN Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 05, 2025$8.38$8.380.00%
Oct 23, 2024$7.72$7.89+2.20%
Jul 25, 2024$9.75$10.25+5.13%
May 01, 2024$10.23$10.32+0.88%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ

When does Patterson-Uti Energy (PTEN) report earnings?
Patterson-Uti Energy (PTEN) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
    What is Patterson-Uti Energy (PTEN) earnings time?
    Patterson-Uti Energy (PTEN) earnings time is at Apr 24, 2025, TBA Not Confirmed.
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is PTEN EPS forecast?
          PTEN EPS forecast for the fiscal quarter 2025 (Q1) is -0.05.
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