Company data sheet · Patterson UTI Energy
Patterson UTI Energy: four lost years, and the economy wasn't the reason.
- Industry
- Drilling Oil & Gas Wells
- Headquarters
- United States
- Ticker
- PTEN (Nasdaq)
- Sources
- SEC filings (1995–2026), Stratrix's verified Decision Cases, market data and official economic statistics for the United States
- Data as of
- October 18, 2026
- From profit to four straight losses. Patterson UTI Energy earned $0 billion in 2017–2017. Then it lost money every year from 2018 to 2021: $2.2 billion in all. 2022 was its first profit in five years: $0.2 billion.
- It outgrew its own economy many times over. Revenue rose from $0.9 billion in 2016 to $4.8 billion in 2025: 5.3 times as much. The US economy, counted the same way in money terms, grew about 60%. Whatever drove it, the economy around it does not account for growth of that size.
- It wasn't the cycle. The losses began in 2018, a year the US economy grew 3.0%. When a company falls while its economy grows, look inside the company first.
- Ahead of almost everyone like it. From 2016 to 2025, its revenue grew 427% in US dollars; the median among 77 large energy and mining companies grew 149%. It outgrew 86% of them.
- Still smaller than it was. Revenue reached $4.8 billion in 2025, 10% below its 2024 peak of $5.4 billion.
Financial results
| Fiscal year | Revenue | Net income | |
|---|---|---|---|
| 2016 | $0.9 billion | −$0.3 billion | |
| 2017 | $2.4 billion | $0 billion | |
| 2018 | $3.3 billion | −$0.3 billion | |
| 2019 | $2.5 billion | −$0.4 billion | |
| 2020 | $1.1 billion | −$0.8 billion | |
| 2021 | $1.4 billion | −$0.7 billion | |
| 2022 | $2.6 billion | $0.2 billion | |
| 2023 | $4.1 billion | $0.2 billion | |
| 2024 | $5.4 billion | −$1 billion | |
| 2025 | $4.8 billion | −$0.1 billion |
As reported in its annual filings. Losses in red.
The full data sheet · Data Plan
Everything behind these findings, ready for your board deck.
- Market reaction to disclosed decisions: 55 decision filings since 2016, each linked to the SEC, with the share return against its sector and the S&P 500 the next day and the next year (28 with market data).
- Economic context: 7 measures for the United States, every year since 2016, from the official sources.
- Peer comparison: against 175 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
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