PTEN Earnings Prediction
The chart below shows how PTEN performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PTEN sees a +1.00% change in stock price 10 days leading up to the earnings, and a -2.23% change 10 days following the report. On the earnings day itself, the stock moves by +1.25%. This data can give you a slight idea of what to expect for the next quarter's release.
PTEN Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.16B
-26.65%
-14.37%
Gross Margin
4.12%
-65.00%
-290.74%
Operating Margin
-2.40%
-128.88%
-66.99%
Net Margin
-4.42%
-213.04%
-93.87%
EPS
-0.13
-186.67%
-94.80%
No Data Available
PTEN Earnings Analysis
Patterson-UTI Energy Inc Corporation (PTEN.O) Earnings Conference Call
Positive
Strong Cash Generation: In the fourth quarter, Patterson UTI generated $523 million of adjusted free cash flow, demonstrating strong cash generation capabilities.
Shareholder Returns Overview: The company returned $52 million to shareholders in the fourth quarter, including an $0.08 per share dividend and $20 million used for share repurchases, reducing the total share count by over 6%.
Contract Drilling Profitability: Patterson UTI's U.S. Contract drilling business achieved an average adjusted gross profit per day of $15,700, reflecting effective cost management and operational efficiency.
Drilling Products Resilience: The Drilling Products segment outperformed industry activity, with revenue down less than 5% year over year despite a more than 10% decline in the industry rig count, showcasing resilience and strong market position.
Free Cash Flow Distribution: The company expects to generate significant free cash flow in 2025 and plans to return at least 50% of adjusted free cash flow to shareholders through dividends and share buybacks.
Negative
Financial Distress Indicator: Net loss attributable to common shareholders of $52 million or $0.13 per share in Q4, indicating financial distress.
Quarterly EBITDA Decline: Adjusted EBITDA for the quarter totaled $225 million, reflecting a decline in profitability compared to previous quarters.
Completion Services Revenue and Margins: Fourth quarter revenue for the Completion Services segment was $651 million, with an adjusted gross profit of only $95 million, highlighting significant margin pressure.
Declining Rig Profitability: Average adjusted rig gross profit per day decreased to $15,700, down from previous levels, indicating declining operational efficiency.
Increased Depreciation Expenses: Total depreciation, depletion, amortization, and impairment expense for Q4 was $255 million, suggesting increased costs impacting overall financial performance.
PTEN FAQs
How does PTEN typically perform around its earnings report dates?
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PTEN Earning Call Sentiment
Earnings call transcript: Patterson-UTI Energy Q4 2024 reveals earnings miss
PTEN.O
2.47%Positive
The earnings call revealed mixed signals: strong free cash flow and share repurchases indicate financial health, but a net loss and revenue decline raise concerns. The Q&A highlighted cautious optimism in natural gas and technology investments, but management's vague responses on key metrics add uncertainty. With a market cap over $4 billion, the stock's reaction is likely muted, leading to a neutral prediction.
