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Stock impact report

Patterson-UTI Energy Reports Financial Results for the Quarter Ended December 31, 2023 [Yahoo! Finance]

Patterson-UTI Energy, Inc. (PTEN) 
Last patterson-uti energy, inc. earnings: 4/23 06:01 am Check Earnings Report
US:NASDAQ Investor Relations: patenergy.com
Company Research Source: Yahoo! Finance
Fourth Quarter 2023 Financial Results and Other Key Items Total revenue of $1.58 billion Net income attributable to common stockholders of $62 million, or $0.15 per share Includes $20 million in merger and integration expenses Adjusted net income attributable to common stockholders of $78 million, or $0.19 per share Excludes merger and integration expenses Adjusted EBITDA of $409 million Excludes merger and integration expenses Cash from Operations of $453 million, Free Cash Flow of $247 million Returned $110 million to shareholders in the fourth quarter, bringing the total to $301 million in 2023 Used $76 million to repurchase 7 million shares in the fourth quarter Declared a quarterly dividend on its common stock of $0.08 per share, payable on March 15, 2024 to holders of record as of March 1, 2024 Board of Directors approved an increase in stock repurchase authorization to a new total authorization of $1 billion Management Commentary "We achieved except Show less Read more
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