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Patterson-UTI Energy revenue
Patterson-UTI Energy's revenue is $5.4 billion.
What is Patterson-UTI Energy's revenue?
- Patterson-UTI Energy's revenue growth from 2002 to 2024 is 918.63%.
- Patterson-UTI Energy has 5,800 employees, and the revenue per employee ratio is $927,226.
- Patterson-UTI Energy's peak quarterly revenue was $1.6B in 2023(q4).
- Patterson-UTI Energy peak revenue was $5.4B in 2024.
- Patterson-UTI Energy annual revenue for 2023 was 4.1B, 56.61% growth from 2022.
- Patterson-UTI Energy annual revenue for 2024 was 5.4B, 29.7% growth from 2023.
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Patterson-UTI Energy historical revenue
Patterson-UTI Energy's peak revenue was $5.4B in 2024. The peak quarterly revenue was $1.6B in 2023(q4).
Patterson-UTI Energy's revenue increased from $528.0m in 2002 to $5.4B currently. That's a 918.63% change in annual revenue.
Patterson-UTI Energy annual revenue
Patterson-UTI Energy annual revenue over time
| Fiscal year / year | Patterson-UTI Energy revenue |
|---|---|
| 2009 | $781.9M |
| 2010 | $1.5B |
| 2011 | $2.6B |
| 2012 | $2.7B |
| 2013 | $2.7B |
| 2014 | $3.2B |
| 2015 | $1.9B |
| 2016 | $915.9M |
| 2017 | $2.4B |
| 2018 | $3.3B |
| 2019 | $2.5B |
| 2020 | $1.1B |
| 2021 | $1.4B |
| 2022 | $2.6B |
| 2023 | $4.1B |
| 2024 | $5.4B |
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Patterson-UTI Energy annual growth
Patterson-UTI Energy saw the greatest revenue growth in 2017, when revenue increased by 157.32%.
Patterson-UTI Energy had the lowest revenue growth in 2009, when revenue changed by -62.11%.
Patterson-UTI Energy annual growth rate over time
| Year | Patterson-UTI Energy growth |
|---|---|
| 2009 | -62%↓ |
| 2010 | 87%↑ |
| 2011 | 75%↑ |
| 2012 | 6%↑ |
| 2013 | -0%↓ |
| 2014 | 17%↑ |
| 2015 | -41%↓ |
| 2016 | -52%↓ |
| 2017 | 157%↑ |
| 2018 | 41%↑ |
| 2019 | -26%↓ |
| 2020 | -54%↓ |
| 2021 | 21%↑ |
| 2022 | 95%↑ |
| 2023 | 57%↑ |
| 2024 | 30%↑ |
Patterson-UTI Energy quarterly revenue over time
- Q1
- Q2
- Q3
- Q4
Patterson-UTI Energy quarterly growth rate over time
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2009 | $268.2M | $140.5M | $159.7M | $213.6M |
| 2010 | $271.6M | $307.0M | $378.7M | $505.7M |
| 2011 | $567.4M | $600.1M | $673.8M | $724.6M |
| 2012 | $745.9M | $681.1M | $643.6M | $652.8M |
| 2013 | $667.0M | $659.3M | $730.9M | $658.8M |
| 2014 | $678.2M | $757.3M | $845.6M | $901.2M |
| 2015 | $657.7M | $472.8M | $422.3M | $338.6M |
| 2016 | $268.9M | $193.9M | $206.1M | $246.9M |
| 2017 | $305.2M | $579.2M | $685.0M | $787.3M |
| 2018 | $809.2M | $854.4M | $867.5M | $795.9M |
| 2019 | $704.2M | $675.8M | $598.5M | $492.3M |
| 2020 | $445.9M | $250.4M | $207.1M | $220.8M |
| 2021 | $240.9M | $291.8M | $357.9M | $466.5M |
| 2022 | $509.4M | $622.2M | $727.5M | $788.5M |
| 2023 | $791.8M | $758.9M | $1.0B | $1.6B |
| 2024 | $1.5B | $1.3B | $1.4B | $1.2B |
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Did Patterson-UTI Energy meet its revenue projections?
Patterson-UTI Energy financial information
| CEO | William Andrew Hendricks Jr |
| Industry | Energy Equipment & Services |
| Company Type | Public |
| Employees Number | 5,800 |
| Date Founded | 1978 |
| Headquarters | Houston, Texas |
| Number of Locations | 25 |
| Revenue | $5.4B |
| Net Income | $154,658,000 |
| Gross Proft | $1.5B (2024) |
| EBITDA | $279.5M (2024) |
| PE Ratio | -2.83 |
| Tax Rate | -0.0% |
| Market Capitalization | $2.7B |
| Total Assets | $3,143,823,000 |
| Ticker | PTEN |
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Patterson-UTI Energy financing
Patterson-UTI Energy received early financing of $300.0M on 2010-10-06.
| Series | Round size | Date |
|---|---|---|
| Equity | $2.7M | 11/2018 |
| Debt | $300M | 06/2012 |
| Debt | $300M | 10/2010 |
Patterson-UTI Energy competitors
Patterson-UTI Energy's top competitor, Exxon Mobil, earned an annual revenue of $343.4B.
Patterson-UTI Energy's smallest competitor is Nabors Drilling USA, LP with revenue of $15.0M last year.
| Company name | Average salary | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Helmerich & Payne | $66,500 | $2.8B | 9,777 | 34 |
| Dynegy | $79,525 | $4.8B | 2,489 | - |
| EQT | $71,879 | $3.1B | 624 | 30 |
| Continental Resources | $81,247 | $9.5B | 1,201 | 27 |
| Exxon Mobil | $53,156 | $343.4B | 72,000 | 327 |
| Chevron | $50,184 | $146.5B | 44,679 | 501 |
| Diamondback Energy | $55,974 | $11.1B | 732 | 16 |
| Cameron Welding Supply | $56,541 | $8.8B | 35,000 | - |
| Sempra Energy | $88,283 | $13.2B | 20,000 | 3 |
| Atmos Energy | $46,948 | $4.2B | 4,628 | 52 |
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Zippia gives an in-depth look into the details of Patterson-UTI Energy, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Patterson-UTI Energy. The employee data is based on information from people who have self-reported their past or current employments at Patterson-UTI Energy. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Patterson-UTI Energy. The data presented on this page does not represent the view of Patterson-UTI Energy and its employees or that of Zippia.
Patterson-UTI Energy may also be known as or be related to PATTERSON UTI ENERGY INC, Patterson UTI Energy Inc., Patterson-UTI, Patterson-UTI Energy, Patterson-UTI Energy Inc, Patterson-UTI Energy, Inc., Patterson-Uti Energy and Patterson-uti Drilling Company Llc.