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Stock impact report

Patterson-UTI Energy, Inc. Price, Consensus and EPS Surprise [Yahoo! Finance]

Patterson-UTI Energy, Inc. (PTEN) 
Last patterson-uti energy, inc. earnings: 4/23 06:01 am Check Earnings Report
US:NASDAQ Investor Relations: patenergy.com
Company Research Source: Yahoo! Finance
7 min read In This Article KMI 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. This underperformance can be attributed to the decrease in year-over-year revenue contribution from its segments. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar In the quarter, the company recorded adjusted EBITDA of $225 million, excluding goodwill impairment, asset retirement charges and merger and integration expenses. PTEN's board of directors declared a quarterly dividend of 8 cents per share to its common s Show less Read more
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