Patterson-UTI Energy PTEN Net decrease in payables for purchases of property and equipment
Net decrease in payables for purchases of property and equipment at other companies
Other financials
Where this comes from
Reported directly by Patterson-UTI Energy in its filing.
Tagged under the XBRL concept pten:IncreaseDecreaseInPayablesRelatedToPurchasesOfPropertyAndEquipment.
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 net decrease in payables for purchases of property and equipment?
- Patterson-UTI Energy (PTEN) reported net decrease in payables for purchases of property and equipment of -$9.78M in Q1 2026.
- How has Patterson-UTI Energy's net decrease in payables for purchases of property and equipment changed year-over-year?
- Patterson-UTI Energy's net decrease in payables for purchases of property and equipment decreased by 80.5% year-over-year, from -$5.42M to -$9.78M.
- What does net decrease in payables for purchases of property and equipment mean?
- This represents the net change in outstanding obligations owed to vendors specifically for the acquisition of property, plant, and equipment. A decrease indicates that the company is paying down its capital expenditure-related liabilities, which impacts short-term cash outflows. It provides transparency into the timing of cash payments versus the recognition of capital investments.