What is Patterson-UTI Energy's completion services — goodwill?

Patterson-UTI Energy (PTEN) reported completion services — goodwill of $36.89M in Q1 2026.

What does completion services — goodwill mean?

Reflects the intangible asset value recorded when the cost of acquiring a business within the completion services segment exceeds the fair value of its identifiable net assets. Changes in this balance often indicate strategic acquisitions or subsequent impairment testing results.

Patterson-UTI Energy PTEN Completion Services — Goodwill

Other segment segments

Drilling Products

$450.5M—

Similar metrics at other companies

VIRTExecution Services — Goodwill

$393.63M0.0%

AITService Center Segment — Goodwill

$221.71M+1.0%

SOFIFinancial Services — Goodwill

$37.16M0.0%

CServices — Goodwill

$2.11B+2.3%

GTLSRepair, Service & Leasing — Goodwill

$1.75B+4.2%

ROKLifecycle Services — Goodwill

$495M-23.4%

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

See full

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

See full

Market cap$3.81B+29.4%

Enterprise value$4.74B+18.8%

P/S0.8×+0.2×

Profitability

See full

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:Goodwill.

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 completion services — goodwill?: Patterson-UTI Energy (PTEN) reported completion services — goodwill of $36.89M in Q1 2026.
What does completion services — goodwill mean?: Reflects the intangible asset value recorded when the cost of acquiring a business within the completion services segment exceeds the fair value of its identifiable net assets. Changes in this balance often indicate strategic acquisitions or subsequent impairment testing results.