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.

Patterson-UTI Energy PTEN Contract Liabilities

Contract Liabilities at other companies

Helmerich & PayneHP

$81.57M+52.5%

Weatherford InternationalWFRD

$2M0.0%

Noble CorporationNE

$98.85M-5.8%

Texas Pacific LandTPL

$18.97M-6.6%

ValarisVAL

$56M-8.5%

USA Compression PartnersUSAC

$3.96M-34.8%

Other financials

Income statement

See full

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

See full

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$3.82B+29.4%

Profitability

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Operating margin-1.5%-0.7pp

Net margin-2.6%-1.2pp

FCF margin6%-1.9pp

Returns & leverage

See full

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 official record: Patterson-UTI Energy’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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.