Patterson-UTI Energy, Inc. Stock News

HOUSTON, TX / ACCESSWIRE / November 5, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of October 2024, the Company had an average of 105 drilling rigs operating in the United States.

The Q3 commentary suggested a delay in the rebound of U.S. oilfield activity. However, PTEN is actively managing capex and is able to turn out ample cash flow even at the current activity levels. The cash flow funds buybacks and dividends; PTEN basically pays investors to wait until the next catalyst, which will likely be a tightening of the U.S. natural gas market.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN ) Q3 2024 Earnings Call October 24, 2024 10:00 AM ET Company Participants Michael Sabella - Investor Relations Andy Hendricks - President and Chief Executive Officer Andy Smith - Chief Financial Officer Conference Call Participants Scott Gruber - Citigroup Stephen Gengaro - Stifel Keith MacKey - RBC Capital Markets Ati Modak - Goldman Sachs Arun Jayaram -...

HOUSTON, TX / ACCESSWIRE / October 23, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended September 30, 2024.

HOUSTON, TX / ACCESSWIRE / October 14, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, October 24, 2024, at 9:00 a.m.

HOUSTON, TX / ACCESSWIRE / October 3, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of September 2024, the Company had an average of 107 drilling rigs operating in the United States.

HOUSTON, TX / ACCESSWIRE / September 30, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) ("Patterson-UTI" or "the Company") today announced that its subsidiary, Patterson-UTI TW Holdings LLC, has signed the previously announced joint venture agreement with a subsidiary of ADNOC Drilling, the largest national drilling contractor in the Middle East and the sole provider of drilling rig services i...

HOUSTON, TX / ACCESSWIRE / September 9, 2024 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of August 2024, the Company had an average of 107 drilling rigs operating in the United States.