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

Other segment segments

Completion Services

$36.89M—

Similar metrics at other companies

HALDrilling And Evaluation — Goodwill

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ACAConstruction Products — Goodwill

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REZIProducts and Solutions — Goodwill

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SUNBGeneral Tool — Goodwill

$2.09B+3.0%

ITWConstruction Products — Goodwill

$507M+3.9%

SUNBSpecialty — Goodwill

$1.11B+6.6%

Other financials

Income statement

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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

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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

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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 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.