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Patterson-UTI Energy PTEN Contract Liabilities

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Other financials

Income statement

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Revenue$1.1B-12.7%
Operating income-$14.3M-184%
Net income-$24.6M-2,550%
EPS (diluted)-$0.06—

Balance sheet

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Cash & equivalents$337.2M+49.8%
Total debt$1.3B-1.8%
Total equity$3.2B-7.8%
Total assets$5.4B-7.0%

Cash flow

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Operating cash flow$63.9M-69.3%
CapEx$116.6M-27.9%
Free cash flow-$52.8M-214%

Valuation

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Market cap$3.83B+82.9%
Enterprise value$4.76B+49.1%
P/S0.8×+0.4×

Profitability

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Operating margin-1.5%-0.7pp
Net margin-2.6%-1.2pp
FCF margin6%-1.9pp

Returns & leverage

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Return on equity-3.6%-1.7pp
Debt / equity0.4×0.0×
Current ratio1.8×+0.2×

Where this comes from

Reported directly by Patterson-UTI Energy in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.

The source filing: Patterson-UTI Energy’s 10-Q, filed April 28, 2026.

Filed
Apr 28, 2026, 4:06 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000889900-26-000033

(1)$20.3 million of our contract liability balance is current and is included in “Accrued liabilities,” and $0.2 million of our contract liability balance is noncurrent and is included in “Other liabilities” on our consolidated balance sheet.

ITEM 1. Financial Statements

FAQ

What is Patterson-UTI Energy's contract liabilities?
Patterson-UTI Energy (PTEN) reported contract liabilities of $200K in Q1 2026.
How has Patterson-UTI Energy's contract liabilities changed year-over-year?
Patterson-UTI Energy's contract liabilities decreased by 50.0% year-over-year, from $400K to $200K.
What does contract liabilities mean?
Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

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