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Patterson-UTI Energy PTEN Q4 2024 Annual earnings

Reported February 5, 2025 · After market close

Revenue$1.2BMiss by $99.2M
EPS-$0.12Miss by $0.02
Revenue estimate$1.3B
EPS estimate-$0.10

Next report

Oct 28, 2026 (in 3 months)
Revenue estimate$1.2B
EPS estimate$0.02

Financials

Q4 2024

Income statement

See full
Revenue$1.2B-26.6%
Operating income-$31.3M-128%
Net income-$51.6M-183%
EPS (diluted)-$0.15-267%

Balance sheet

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Cash & equivalents$241.3M+25.2%
Total debt$1.3B-3.4%
Total equity$3.5B-28.0%
Total assets$5.8B-21.4%

Cash flow

See full
Operating cash flow$315.8M-30.2%
CapEx$140.4M-31.6%
Free cash flow$175.5M-29.1%

Valuation & ratios

Valuation

as of 12/31/24
See full
Market cap$3.22B-28.2%
Enterprise value$4.28B-24.2%
P/S0.6×-0.5×

Profitability

See full
Operating margin-16.5%-25.0pp
Net margin-18%-23.9pp
FCF margin9.2%-0.3pp

Returns & leverage

See full
Return on equity-23.4%-31.0pp
Debt / equity0.4×+0.1×
Current ratio1.5×+0.1×

Segments

By segment

See full
Drilling Services$408.4M

Versus estimates

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Questions, answered.

When did Patterson-UTI Energy report Q4 2024 earnings?
Patterson-UTI Energy (PTEN) reported Q4 2024 earnings on February 5, 2025 after market close.
What were Patterson-UTI Energy's Q4 2024 revenue and EPS?
Patterson-UTI Energy reported revenue of $1.2B and eps of $-0.12 for Q4 2024.
Did Patterson-UTI Energy beat estimates in Q4 2024?
Revenue missed the consensus estimate of $1.3B by $99.2M. EPS missed the consensus estimate of $-0.10 by $0.02.
Where can I find Patterson-UTI Energy's Q4 2024 SEC filings?
You can read the 10-K periodic report (0000889900-25-000034) directly on SEC EDGAR. The filing index links above go to sec.gov.