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Patterson-UTI Energy's Q4 Earnings Fall Y/Y, Sales Lag Estimates
UTIUniversal Technical Institute(UTI) ZACKS·2025-02-06 21:31

Patterson-UTI Energy, Inc. (PTEN) reported a fourth-quarter 2024 adjusted net loss of 12 cents per share, which was wider than the Zacks Consensus Estimate of a 10-cent loss. The bottom line declined from the year-ago quarter's level of 19 cents. This year-over-year deterioration was mainly due to poor contribution from the Drilling Services and Completion Services segments.Total revenues of $1.2 billion missed the Zacks Consensus Estimate by 4.2%. Additionally, the top line decreased 26.6% year over year. ...