Patterson-UTI Energy PTEN Drilling Services — Direct operating costs

Similar metrics at other companies

HPOffshore Solutions — Direct operating expenses

$144.5M+17.6%

MATXLogistics Services — Direct Operating Costs

-$126.5M-7.4%

HALDrilling And Evaluation — Cost, Direct Labor

$487M+4.3%

HALDrilling And Evaluation — Cost, Direct Material

$913M+3.5%

VALContract Drilling Expenses Exclusive of Depreciation and Reimbursable Expenses

$340.4M-9.0%

HPInternational Solutions — Direct operating expenses

$206.83M-6.4%

Questions, answered.

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.