Patterson-UTI (PTEN) Q1 Earnings and Sales Beat Estimates [Yahoo! Finance]
Patterson-UTI Energy, Inc. (PTEN)
Last patterson-uti energy, inc. earnings: 4/23 06:01 am
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Source: Yahoo! Finance
This can be attributed to the impressive performance of the Completion Services segment. However, the bottom line declined from the year-ago quarter's level of 46 cents. This year-over-year deterioration was due to poor contribution from the Other Operations segment. Total revenues of $1510.4 million marginally beat the Zacks Consensus Estimate of $1508 million. The top line also improved 90.7% year over year.This outperformance can be attributed to PTEN's improved revenue contribution from its Completion Services segment. Patterson-UTI will pay its quarterly dividend of 8 cents per share on Jun 17, 2024, to shareholders of record as of Jun 3, 2024. Its share repurchase authorization had $945 million left as of Mar 31, 2024. During the reported quarter, the company successfully met its annualized synergy target of $200 million from the NexTier merger. It also distributed $130 million to shareholders and affirmed its commitment to returning a minimum of $400 million to shareholde
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PTEN
News
- Patterson-UTI (PTEN) Teams Up With ADNOC Drilling in the UAE [Yahoo! Finance]Yahoo! Finance
- Patterson-UTI Signs Term Sheet to Partner with ADNOC Drilling in the UAE [Yahoo! Finance]Yahoo! Finance
- Patterson-UTI Signs Term Sheet to Partner with ADNOC Drilling in the UAEAccesswire
- The Patterson-UTI Energy, Inc. (NASDAQ:PTEN) First-Quarter Results Are Out And Analysts Have Published New Forecasts [Yahoo! Finance]Yahoo! Finance
- Patterson-UTI Energy (NASDAQ:PTEN) Has Affirmed Its Dividend Of $0.08 [Yahoo! Finance]Yahoo! Finance
PTEN
Earnings
- 5/2/24 - Beat
PTEN
Sec Filings
- 5/20/24 - Form 144
- 5/13/24 - Form 4
- 5/13/24 - Form 4
- PTEN's page on the SEC website