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Patterson-Uti Energy (PTEN)
NASDAQ:PTEN
US Market
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Patterson-UTI (PTEN) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Feb 05, 2025
TBA Not Confirmed
Period Ending
2024 (Q4)
Consensus EPS Forecast
-0.08
Last Year’s EPS
0.19
Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
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Earnings Call Summary

Earnings Call Date:Oct 25, 2018
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% Change Since: 22.41%
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Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Neutral
Patterson-UTI demonstrated resilience with successful integrations and strategic advancements, particularly in electric fleet expansion and international growth. However, they faced significant financial impairments and challenges in Completion Services. Despite the setbacks, the company's innovative strategies and strong shareholder returns highlight a robust position moving forward.
Company Guidance
During the Patterson-UTI third-quarter 2024 earnings call, the company provided guidance on several key metrics. Patterson-UTI generated nearly $570 million in free cash flow in the first four quarters following its merger with NexTier and acquisition of Ulterra. The company used $346 million of this free cash flow for share repurchases, equating to about 15% of its current market cap, and reduced net debt, including leases, by 7%. The guidance indicated a steady rig count for Tier 1 high-spec rigs through the end of 2024 into 2025, with expectations of fluctuating demand in the overall industry rig count. In the completions segment, a sequential decline in activity was anticipated for the fourth quarter due to holiday seasonality and customer budget management, but a recovery in the first half of 2025 was expected. Additionally, Patterson-UTI highlighted the successful integration of services and products across its segments, contributing to strong financial returns and operational excellence. Total revenue for Q3 was $1,357 million, with an adjusted EBITDA of $275 million, excluding special items. The company expects to maintain a disciplined approach to capital expenditure, projecting a reduction in CapEx for 2025 compared to 2024.
Successful Integration and Strategic Positioning
Patterson-UTI has successfully integrated NexTier and Ulterra, solidifying its position in the oilfield services sector. The strategic moves have enhanced their operational excellence, customer relations, and free cash flow generation.
Strong Financial Returns and Shareholder Value
Patterson-UTI generated $570 million of free cash flow in the first four quarters since the NexTier and Ulterra transactions. They returned $346 million to shareholders through share repurchases and dividends, amounting to 15% of the current market cap.
Innovative Commercial Strategy
The company entered its first fully integrated drilling and completion arrangement under a performance-based agreement, showing strong results. This strategy is attracting potential new customers and has significant upside potential.
Electric Fleet Expansion
Patterson-UTI increased its electric horsepower to 155,000 in Q4, demonstrating capital discipline and a focus on upgrading its fleet.
International Growth Opportunities
Patterson-UTI signed a joint venture agreement in the UAE with ADNOC Drilling and SLB, marking a significant international opportunity.
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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
Jul 26, 20182018 (Q2)
- / -0.06
-0.2171.43% (+0.15)
Oct 25, 20182018 (Q3)
- / -0.10
-0.1323.08% (+0.03)
Feb 07, 20192018 (Q4)
- / -0.04
-0.1163.64% (+0.07)
Apr 25, 20192019 (Q1)
- / -0.14
-0.1612.50% (+0.02)
Jul 25, 20192019 (Q2)
- / -0.17
-0.06-183.33% (-0.11)
Oct 24, 20192019 (Q3)
- / -0.27
-0.1-170.00% (-0.17)
Feb 06, 20202019 (Q4)
- / -0.43
-0.04-972.50% (-0.39)
Apr 23, 20202020 (Q1)
- / -0.45
-0.14-221.43% (-0.31)
Jul 23, 20202020 (Q2)
- / -0.56
-0.17-229.41% (-0.39)
Oct 22, 20202020 (Q3)
- / -0.60
-0.27-122.22% (-0.33)
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
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%
Feb 14, 2024$10.01$11.37+13.59%
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 Feb 05, 2025, TBA Not Confirmed.
    What is Patterson-Uti Energy (PTEN) earnings time?
    Patterson-Uti Energy (PTEN) earnings time is at Feb 05, 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 2024 (Q4) is -0.08.
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