9.86
-0.60%
Close of 9 Nov 2026, in USD
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About Patterson-UTI Energy
From its filings with the US Securities and Exchange Commission
Patterson-UTI Energy is based in Houston, Texas and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker PTEN. The SEC classifies its business as drilling oil & gas wells. In the fiscal year to 31 December 2025, it reported revenue of $4.83bn and a net loss of $93.6m. At that date it held total assets of $5.57bn and shareholders' equity of $3.22bn.
We are a Houston, Texas-based leading provider of drilling and completion services to oil and natural gas exploration and production companies in the United States and other select countries, including contract drilling services, integrated well completion services and directional drilling services in the United States, and specialized drill bit solutions in the United States, Middle East and many other regions around the world. We operate under three reportable business segments: (i) drilling services, (ii) completion services, and (iii) drilling products.
Our contract drilling business operates in the continental United States and internationally in Colombia and Ecuador and, from time to time, we pursue contract drilling opportunities in other select markets. We also provide a comprehensive suite of directional drilling services in most major producing onshore oil and natural gas basins in the United States, and we provide services that improve the statistical accuracy of wellbore placement for directional and horizontal wells. We also provide electrical controls and automation to the energy, marine and mining industries, in North America and other select markets.
Quoted from its 10-K, filed 10 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Energy
- Industry
- Energy Equipment & Services
- Listed since
- 2 Nov 1993
- Employees
- 7,900
- Website
- patenergy.com ↗
- Head office
- 10713 WEST SAM HOUSTON PARKWAY NORTH, HOUSTON, TX, 77064
- Incorporated in
- DE
- Classification
- Drilling Oil & Gas Wells
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Curtis HuffIndependent Chairman of the Board$432,498
- Mr. William HendricksPresident, Chief Executive Officer, Director, since 2012$12.1m
- Mr. Robert DrummondIndependent Vice Chairman of the Board$2.8m
- Mr. C. Andrew SmithChief Financial Officer, Executive Vice President$4.1m
- Mr. James HolcombChief Operating Officer$4.5m
- Mr. Kenneth BernsExecutive Vice President, Chief Commercial Officer, since 2001$3.4m
- Mr. Seth WexlerSenior Vice President, General Counsel, Secretary$3.7m
- Ms. Tiffany CepakIndependent Director$309,992
- Mr. Gary HalversonIndependent Director$304,992
- Mr. Cesar JaimeIndependent Director$292,492
- Ms. Janeen JudahIndependent Director$292,492
- Ms. Amy NelsonIndependent Director$299,992
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 67
- Environment
- 61
- Social
- 66
- Governance
- 73
- Women in the workforce
- 7%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Patterson-UTI Energy Inc has a strong market presence and is recognized as a leading provider of drilling and oilfield services.
- The company has a large fleet of technologically advanced drilling rigs, allowing them to efficiently serve their customers' needs.
- Patterson-UTI Energy Inc has a well-established customer base comprising major oil and gas companies, providing a stable revenue stream.
Weaknesses
- The company is highly dependent on the performance of the oil and gas industry, making it vulnerable to fluctuations in commodity prices.
- Patterson-UTI Energy Inc operates in a highly competitive market, facing competition from both large and small players.
- The company faces potential regulatory and environmental challenges, which could increase operational costs and limit expansion opportunities.
Opportunities
- There is a growing demand for energy, particularly in emerging markets, which presents an opportunity for Patterson-UTI Energy Inc to expand its operations.
- Advancements in technology and drilling techniques provide an opportunity for the company to improve operational efficiency and reduce costs.
- The shift towards renewable energy sources opens up new avenues for diversification, and Patterson-UTI Energy Inc can explore renewable energy projects to capitalize on this trend.
Threats
- Fluctuating oil prices and economic uncertainties pose a threat to the company's financial performance and profitability.
- Increased government regulations and stricter environmental policies could impact the company's operations and increase compliance costs.
- Competition from alternative energy sources and energy efficiency measures may affect the demand for traditional oil and gas drilling services.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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