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Stock impact report

Patterson-UTI Energy Reports Financial Results for the Quarter Ended March 31, 2025 [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
First Quarter 2025 Financial Results Total revenue of $1.3 billion Net income attributable to common stockholders of $1 million Adjusted EBITDA of $251 million Returned $51 million to shareholders in the first quarter Repurchased $20 million of shares in the first quarter $741 million in remaining share repurchase authorization as of March 31, 2025 Declared a quarterly dividend on its common stock of $0.08 per share, payable on June 16, 2025 to holders of record as of June 2, 2025 Management Commentary "The first quarter unfolded largely as we anticipated, with steady drilling activity and a strong sequential rebound in completion demand," said Andy Hendricks, Chief Executive Officer. "Our Drilling Services technology continues to drive efficiency gains for our customers, resulting in a sequential improvement in both average daily rig count and returns for that segment. In Completion Services, utilization across our entire fleet was high, with our Emerald line of 10 Show less Read more
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