Patterson-UTI Energy PTEN Purchases of property and equipment through exchange of lease right of use asset
Purchases of property and equipment through exchange of lease 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:PropertyAndEquipmentThroughExchangeOfLeaseRightOfUseAsset.
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 purchases of property and equipment through exchange of lease right of use asset?
- Patterson-UTI Energy (PTEN) reported purchases of property and equipment through exchange of lease right of use asset of $2.88M in Q1 2026.
- How has Patterson-UTI Energy's purchases of property and equipment through exchange of lease right of use asset changed year-over-year?
- Patterson-UTI Energy's purchases of property and equipment through exchange of lease right of use asset increased by 761.7% year-over-year, from $334K to $2.88M.
- What does purchases of property and equipment through exchange of lease right of use asset mean?
- This reflects the acquisition of property and equipment financed through the exchange of lease right-of-use assets rather than direct cash payments. It represents a non-cash investing activity that allows the firm to upgrade or expand its asset base while managing cash liquidity. Tracking this helps investors understand the true scale of capital investment beyond cash-based capital expenditures.