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Patterson-UTI Energy (PTEN) Revenue & Revenue Breakdown

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Patterson-UTI Energy Revenue Highlights

Latest Revenue (Y)

$5.38B

Latest Revenue (Q)

$1.28B

Main Segment (Y)

Completion Services

Main Geography (Y)

UNITED STATES

Patterson-UTI Energy Revenue by Period

Patterson-UTI Energy Revenue by Year

DateRevenueChange
2024-12-31$5.38B29.70%
2023-12-31$4.15B56.61%
2022-12-31$2.65B95.09%
2021-12-31$1.36B20.71%
2020-12-31$1.12B-54.50%
2019-12-31$2.47B-25.74%
2018-12-31$3.33B41.17%
2017-12-31$2.36B157.32%
2016-12-31$915.87M-51.57%
2015-12-31$1.89B-40.57%
2014-12-31$3.18B17.17%
2013-12-31$2.72B-0.27%
2012-12-31$2.72B6.14%
2011-12-31$2.57B75.40%
2010-12-31$1.46B87.09%
2009-12-31$781.95M-64.60%
2008-12-31$2.21B4.49%
2007-12-31$2.11B-16.98%
2006-12-31$2.55B46.32%
2005-12-31$1.74B73.91%
2004-12-31$1.00B28.94%
2003-12-31$776.17M47.01%
2002-12-31$527.96M-46.67%
2001-12-31$989.98M221.52%
2000-12-31$307.90M103.23%
1999-12-31$151.50M-18.81%
1998-12-31$186.60M-2.20%
1997-12-31$190.80M127.96%
1996-12-31$83.70M80.00%
1995-12-31$46.50M32.48%
1994-12-31$35.10M42.11%
1993-12-31$24.70M-

Patterson-UTI Energy generated $5.38B in revenue during NA 2024, up 29.70% compared to the previous quarter, and up 217.67% compared to the same period a year ago.

Patterson-UTI Energy Revenue by Quarter

DateRevenueChange
2025-03-31$1.28B10.19%
2024-12-31$1.16B-14.37%
2024-09-30$1.36B0.67%
2024-06-30$1.35B-10.74%
2024-03-31$1.51B-4.67%
2023-12-31$1.58B56.64%
2023-09-30$1.01B33.28%
2023-06-30$758.88M-4.16%
2023-03-31$791.80M0.42%
2022-12-31$788.48M8.38%
2022-09-30$727.50M16.92%
2022-06-30$622.24M22.16%
2022-03-31$509.38M9.19%
2021-12-31$466.49M30.35%
2021-09-30$357.88M22.66%
2021-06-30$291.77M21.10%
2021-03-31$240.93M9.12%
2020-12-31$220.80M6.59%
2020-09-30$207.14M-17.27%
2020-06-30$250.38M-43.85%
2020-03-31$445.93M-9.42%
2019-12-31$492.30M-17.74%
2019-09-30$598.45M-11.44%
2019-06-30$675.76M-4.03%
2019-03-31$704.17M-11.53%
2018-12-31$795.94M-8.25%
2018-09-30$867.48M1.53%
2018-06-30$854.42M5.59%
2018-03-31$809.16M2.77%
2017-12-31$787.33M14.94%
2017-09-30$684.99M18.27%
2017-06-30$579.19M89.79%
2017-03-31$305.18M23.61%
2016-12-31$246.89M19.77%
2016-09-30$206.13M6.31%
2016-06-30$193.91M-27.90%
2016-03-31$268.94M-20.57%
2015-12-31$338.57M-19.82%
2015-09-30$422.25M-10.68%
2015-06-30$472.76M-28.12%
2015-03-31$657.70M-27.02%
2014-12-31$901.22M6.57%
2014-09-30$845.63M11.67%
2014-06-30$757.28M11.66%
2014-03-31$678.17M2.94%
2013-12-31$658.77M-9.87%
2013-09-30$730.91M10.86%
2013-06-30$659.32M-1.16%
2013-03-31$667.04M2.19%
2012-12-31$652.75M1.42%
2012-09-30$643.63M-5.50%
2012-06-30$681.11M-8.69%
2012-03-31$745.92M2.94%
2011-12-31$724.65M7.54%
2011-09-30$673.83M12.29%
2011-06-30$600.06M5.76%
2011-03-31$567.40M12.21%
2010-12-31$505.68M33.54%
2010-09-30$378.66M23.35%
2010-06-30$306.99M13.03%
2010-03-31$271.60M82.30%
2009-12-31$148.98M-15.43%
2009-09-30$176.16M9.58%
2009-06-30$160.76M-45.69%
2009-03-31$296.04M-48.04%
2008-12-31$569.76M-6.37%
2008-09-30$608.53M15.63%
2008-06-30$526.28M4.31%
2008-03-31$504.55M-3.07%
2007-12-31$520.53M-

Patterson-UTI Energy generated $1.28B in revenue during Q1 2025, up 10.19% compared to the previous quarter, and up 80.83% compared to the same period a year ago.

Patterson-UTI Energy Revenue Breakdown

Patterson-UTI Energy Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 23Dec 22Dec 21Dec 20
Completion Services$3.23B----
Drilling Services$1.73B$1.92B---
Other Revenue$65.67M----
Drilling Products-$134.68M---
Other-$74.58M$92.01M$45.66M-
Contract Drilling--$1.32B--
Directional Drilling--$216.50M$73.36M-
Pressure Pumping--$1.02B$336.11M-
Well Servicing---$19.65M-
Wireline---$9.87M-

Patterson-UTI Energy's latest annual revenue breakdown by segment (product or service), as of Dec 24: Completion Services (64.32%), Drilling Services (34.38%), and Other Revenue (1.31%).

Quarterly Revenue by Product

Product/ServiceMar 25Dec 24Sep 24Jun 24Mar 24Dec 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
Drilling Services$412.86M$408.38M$421.56M$440.29M$457.57M---------------
Completion Services$766.08M$650.85M$831.57M$805.37M$945.00M---------------
Drilling Products$85.66M$89.10M$86.05M$89.97M----------------
Other$15.93M$14.99M$16.48M$17.82M$30.20M$21.13M$23.25M$22.82M$24.92M$24.45M$19.81M$17.11M$15.60M$13.18M$11.92M$8.87M$9.84M$7.97M$18.97M-
Contract Drilling------$432.38M$419.03M$399.40M$356.04M$304.59M$256.64M$230.87M$157.93M$141.73M$133.50M$115.57M$115.05M$171.13M$267.36M
Pressure Pumping------$250.24M$293.27M$306.78M$287.66M$238.38M$189.59M$183.29M$152.63M$111.99M$75.84M$79.50M$71.97M$59.53M$125.11M
Directional Drilling------$55.14M$56.26M$59.47M$58.87M$54.83M$43.33M$35.21M$31.73M$24.87M$19.67M$16.86M$10.27M$11.74M$34.48M

Patterson-UTI Energy's latest quarterly revenue breakdown by segment (product or service), as of Mar 25: Completion Services (59.82%), Drilling Services (32.24%), Drilling Products (6.69%), and Other (1.24%).

Patterson-UTI Energy Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 24Dec 23Dec 22Dec 21Dec 20
UNITED STATES$5.25B$2.58B---
CANADA$33.52M----
COLOMBIA$12.22M$70.12M---
Other Non-US Countries$83.02M----
Other-$74.58M$57.81M$45.66M-

Patterson-UTI Energy's latest annual revenue breakdown by geography, as of Dec 24: UNITED STATES (97.61%), Other Non-US Countries (1.54%), CANADA (0.62%), and COLOMBIA (0.23%).

Quarterly Revenue by Country

CountryMar 25Sep 24Jun 24Mar 24Dec 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19
Other$15.93M$14.99M$16.48M$17.82M$30.20M$21.13M$23.25M$22.82M$24.92M$24.45M$19.81M$17.11M$15.60M$13.18M$11.92M$8.87M$9.84M$7.97M$18.97M$21.49M

Patterson-UTI Energy's latest quarterly revenue breakdown by geography, as of Mar 25: Other (100.00%).

Patterson-UTI Energy Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
PTENPatterson-UTI Energy$5.38B$1.28B
NENoble$3.06B-
NBRNabors Industries$2.97B$742.78M
HPHelmerich & Payne$2.76B$677.30M
PDSPrecision Drilling$1.94B$527.79M
SDRLSeadrill$1.39B$335.00M
BORRBorr Drilling$800.73M$227.49M
RIGTransocean--

PTEN Revenue FAQ

What is Patterson-UTI Energy’s yearly revenue?

Patterson-UTI Energy's yearly revenue for 2024 was $5.38B, representing an increase of 29.70% compared to 2023. The company's yearly revenue for 2023 was $4.15B, representing an increase of 56.61% compared to 2022. PTEN's yearly revenue for 2022 was $2.65B, representing an increase of 95.09% compared to 2021.

What is Patterson-UTI Energy’s quarterly revenue?

Patterson-UTI Energy's quarterly revenue for Q1 2025 was $1.28B, a 10.19% increase from the previous quarter (Q4 2024), and a -15.22% decrease year-over-year (Q1 2024). The company's quarterly revenue for Q4 2024 was $1.16B, a -14.37% decrease from the previous quarter (Q3 2024), and a -26.65% decrease year-over-year (Q4 2023). PTEN's quarterly revenue for Q3 2024 was $1.36B, a 0.67% increase from the previous quarter (Q2 2024), and a 34.19% increase year-over-year (Q3 2023).

What is Patterson-UTI Energy’s revenue growth rate?

Patterson-UTI Energy's revenue growth rate for the last 3 years (2022-2024) was 103.12%, and for the last 5 years (2020-2024) was 378.36%.

What are Patterson-UTI Energy’s revenue streams?

Patterson-UTI Energy's revenue streams in c 24 are Completion Services, Drilling Services, and Other Revenue. Completion Services generated $3.23B in revenue, accounting 64.32% of the company's total revenue Drilling Services generated $1.73B in revenue, accounting 34.38% of the company's total revenue, down -10.00% year-over-year. Other Revenue generated $65.66M in revenue, accounting 1.31% of the company's total revenue

What is Patterson-UTI Energy’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Patterson-UTI Energy was Completion Services. This segment made a revenue of $3.23B, representing 64.32% of the company's total revenue.