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Patterson-UTI Energy PTEN Drilling Services — Direct operating costs
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Where this comes from
Reported directly by Patterson-UTI Energy in its filing.
Tagged under the XBRL concept us-gaap:DirectOperatingCosts.
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, 2026 | Drilling Services | Completion Services | Drilling Products | Total |
|---|---|---|---|---|
| Revenues from external customers | $351,717 | $679,587 | $79,797 | $1,111,101 |
| Direct operating costs (1) | 217,861 | 581,486 | 46,924 | 846,271 |
| General and administrative | 7,097 | 7,330 | 7,923 | 22,350 |
| Depreciation, amortization and impairment (1) | 83,944 | 111,472 | 19,846 | 215,262 |
| 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 — direct operating costs?
- Patterson-UTI Energy (PTEN) reported drilling services — direct operating costs of $217.86M in Q1 2026.
- How has Patterson-UTI Energy's drilling services — direct operating costs changed year-over-year?
- Patterson-UTI Energy's drilling services — direct operating costs decreased by 12.0% year-over-year, from $247.63M to $217.86M.
- What is the long-term trend for Patterson-UTI Energy's drilling services — direct operating costs?
- Over 3 years (2022 to 2025), Patterson-UTI Energy's drilling services — direct operating costs has grown at a -1.6% compound annual growth rate (CAGR), from $1.03B to $977.23M.
- What does drilling services — direct operating costs mean?
- Captures the variable costs directly associated with the day-to-day operation of drilling rigs, including personnel, fuel, and rig-site supplies. This metric is a primary indicator of the segment's variable cost control and operational discipline.
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