Patterson-UTI Energy (PTEN) Reports Q3 Loss Per Share of $1.54

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Go back to Patterson-UTI Energy (PTEN) Reports Q3 Loss Per Share of $1.54

Patterson-UTI Energy Reports Financial Results for Three and Nine Months Ended September 30, 2015

October 22, 2015 6:00 AM EDT

HOUSTON, Oct. 22, 2015 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three and nine months ended September 30, 2015.  Including the non-cash charges discussed below, the Company reported a net loss of $226 million, or $1.54 per share, for the third quarter of 2015, compared to net income of $16.0 million, or $0.11 per share, for the quarter ended September 30, 2014.  Revenues for the third quarter of 2015 were $422 million, compared to $846 million for the third quarter of 2014.

For the nine months ended September 30, 2015, the Company reported a net loss of $236 million, or... More