Question 1

What is Patterson-UTI Energy's total costs & expenses?

Accepted Answer

Patterson-UTI Energy (PTEN) reported total costs & expenses of $1.13B in Q1 2026.

Question 2

How has Patterson-UTI Energy's total costs & expenses changed year-over-year?

Accepted Answer

Patterson-UTI Energy's total costs & expenses decreased by 10.4% year-over-year, from $1.26B to $1.13B.

Question 3

What is the long-term trend for Patterson-UTI Energy's total costs & expenses?

Accepted Answer

Over 4 years (2021 to 2025), Patterson-UTI Energy's total costs & expenses has grown at a 24.4% compound annual growth rate (CAGR), from $2.03B to $4.87B.

Question 4

What does total costs & expenses mean?

Accepted Answer

This metric represents the aggregate of all operating and non-operating costs incurred by the company to generate revenue during a specific period. It encompasses direct costs of services, selling, general and administrative expenses, and other operational outlays required to maintain the business. Analyzing this figure provides insight into the company's overall cost discipline and its ability to manage expenses relative to market demand for drilling and completion services.

Line item	Three Months Ended March 31, 2026	2025
Depreciation, depletion, amortization and impairment	218,394	231,866
General and administrative	68,763	66,930
Other operating expense (income), net	(4,664)	3,382
Total operating costs and expenses	1,131,648	1,263,592
Operating income (loss)	(14,317)	16,945
Other income (expense):
Interest income	2,765	1,464
Interest expense, net of amount capitalized	(17,485)	(17,697)

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Patterson-UTI Energy PTEN Total costs & expenses