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Patterson-UTI Energy PTEN Drilling Services — Depreciation, depletion, amortization and impairment

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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$3.83B+82.9%
Enterprise value$4.76B+49.1%
P/S0.8×+0.4×

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 pten:DepreciationDepletionAmortizationAndImpairment.

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, 2026Drilling ServicesCompletion ServicesDrilling ProductsTotal
Revenues from external customers$351,717$679,587$79,797$1,111,101
Direct operating costs (1)217,861581,48646,924846,271
General and administrative7,0977,3307,92322,350
Depreciation, amortization and impairment (1)83,944111,47219,846215,262
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 drilling services — depreciation, depletion, amortization and impairment?
Patterson-UTI Energy (PTEN) reported drilling services — depreciation, depletion, amortization and impairment of $83.94M in Q1 2026.
How has Patterson-UTI Energy's drilling services — depreciation, depletion, amortization and impairment changed year-over-year?
Patterson-UTI Energy's drilling services — depreciation, depletion, amortization and impairment decreased by 1.2% year-over-year, from $84.97M to $83.94M.
What is the long-term trend for Patterson-UTI Energy's drilling services — depreciation, depletion, amortization and impairment?
Over 3 years (2021 to 2025), Patterson-UTI Energy's drilling services — depreciation, depletion, amortization and impairment has grown at a -17.8% compound annual growth rate (CAGR), from $660.4M to $366.76M.
What does drilling services — depreciation, depletion, amortization and impairment mean?
Reflects the non-cash allocation of the cost of tangible and intangible assets used in drilling operations over their useful lives, including any write-downs for asset value loss. This metric is essential for understanding the capital-intensive nature of the drilling fleet.

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