Patterson-UTI Energy (PTEN) Tops Q4 EPS by 8c

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Go back to Patterson-UTI Energy (PTEN) Tops Q4 EPS by 8c

Patterson-UTI Energy Reports Financial Results for Three and Twelve Months Ended December 31, 2015

February 4, 2016 6:00 AM EST

HOUSTON, Feb. 4, 2016 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three and twelve months ended December 31, 2015.  The Company reported a net loss of $58.7 million, or $0.40 per share, for the fourth quarter of 2015, compared to net income of $57.6 million, or $0.39 per share, for the quarter ended December 31, 2014.  Revenues for the fourth quarter of 2015 were $339 million, compared to $901 million for the fourth quarter of 2014.

For the twelve months ended December 31, 2015, including the charges discussed later in this release, the Company reported a net loss of $294... More