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Patterson-UTI Energy PTEN Completion Services — Direct operating costs
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Where this comes from
Reported directly by Patterson-UTI Energy in its filing.
Tagged under the XBRL concept us-gaap:DirectOperatingCosts.
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
| For the three months ended March 31, 2026 | Drilling Services | Completion Services | Drilling Products | Total |
|---|---|---|---|---|
| Revenues from external customers | $351,717 | $679,587 | $79,797 | $1,111,101 |
| Direct operating costs (1) | 217,861 | 581,486 | 46,924 | 846,271 |
| General and administrative | 7,097 | 7,330 | 7,923 | 22,350 |
| Depreciation, amortization and impairment (1) | 83,944 | 111,472 | 19,846 | 215,262 |
| Other segment items (2) | (1,488) | — | — | (1,488) |
| Segment operating income (loss) (3) | $44,303 | $(20,701) | $5,104 | $28,706 |
| Reconciliation of revenue: | ||||
| Total segment revenues from external customers | $1,111,101 |
ITEM 1. Financial Statements
FAQ
- What is Patterson-UTI Energy's completion services — direct operating costs?
- Patterson-UTI Energy (PTEN) reported completion services — direct operating costs of $581.49M in Q1 2026.
- How has Patterson-UTI Energy's completion services — direct operating costs changed year-over-year?
- Patterson-UTI Energy's completion services — direct operating costs decreased by 11.6% year-over-year, from $657.68M to $581.49M.
- What is the long-term trend for Patterson-UTI Energy's completion services — direct operating costs?
- Over 3 years (2022 to 2025), Patterson-UTI Energy's completion services — direct operating costs has grown at a 46.6% compound annual growth rate (CAGR), from $781.39M to $2.46B.
- What does completion services — direct operating costs mean?
- Includes the variable costs directly attributable to the provision of completion services, such as fuel, sand, chemicals, and field personnel wages. This metric is essential for calculating the gross margin and operational profitability of the segment.
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