Patterson-UTI Energy PTEN Completion Services — Direct operating costs

Other segment segments

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Questions, answered.

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.