What is Patterson-UTI Energy's drilling products — goodwill?

Patterson-UTI Energy (PTEN) reported drilling products — goodwill of $450.5M in Q1 2026.

What does drilling products — goodwill mean?

Represents the intangible asset value recorded when the purchase price of an acquired business unit exceeds the fair value of its identifiable net assets. This balance reflects the premium paid for expected synergies, brand reputation, and market position within the drilling products sector. Changes in this balance are critical for assessing potential impairment risks related to past acquisitions.

Patterson-UTI Energy (PTEN) Drilling Products — Goodwill

Screener

Other segment segments

Completion Services

$36.89M—

Similar metrics at other companies

HALDrilling And Evaluation — Goodwill

$894M+9.3%

TGE

TGENProducts — Goodwill

$0-100%

CDREProducts — Goodwill

$231.29M+34.6%

ORAProduct — Goodwill

$0—

NUESteel Products — Goodwill

$2.82B+0.3%

GTL

GTLSSpecialty Products — Goodwill

$583.5M+2.1%

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$3.83B+82.9%

Enterprise value$4.76B+49.1%

P/S0.8×+0.4×

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 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

Line item	Completion Services	Drilling Products	Total
Balance, March 31, 2026 and December 31, 2025	$36,885	$450,503	$487,388

ITEM 1. Financial Statements

FAQ

What is Patterson-UTI Energy's drilling products — goodwill?: Patterson-UTI Energy (PTEN) reported drilling products — goodwill of $450.5M in Q1 2026.
What does drilling products — goodwill mean?: Represents the intangible asset value recorded when the purchase price of an acquired business unit exceeds the fair value of its identifiable net assets. This balance reflects the premium paid for expected synergies, brand reputation, and market position within the drilling products sector. Changes in this balance are critical for assessing potential impairment risks related to past acquisitions.