Patterson-UTI Energy PTEN Derecognition of right of use asset
Derecognition of right of use asset at other companies
Other financials
Where this comes from
Reported directly by Patterson-UTI Energy in its filing.
Tagged under the XBRL concept pten:DerecognitionOfRightOfUseAsset.
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 derecognition of right of use asset?
- Patterson-UTI Energy (PTEN) reported derecognition of right of use asset of -$6.37M in Q1 2026.
- How has Patterson-UTI Energy's derecognition of right of use asset changed year-over-year?
- Patterson-UTI Energy's derecognition of right of use asset decreased by 1806.3% year-over-year, from -$334K to -$6.37M.
- What does derecognition of right of use asset mean?
- This represents the removal of a right-of-use asset from the balance sheet, typically occurring upon the termination or expiration of a lease agreement. It reflects the reduction of leased asset value and is often associated with the disposal or return of equipment. This metric provides insight into the turnover of the company's leased asset portfolio.