Patterson-UTI Energy (PTEN) Tops Q3 EPS by 2c

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Go back to Patterson-UTI Energy (PTEN) Tops Q3 EPS by 2c

Patterson-UTI Energy Reports Financial Results for Three and Nine Months Ended September 30, 2016

October 27, 2016 6:00 AM EDT

HOUSTON, Oct. 27, 2016 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three and nine months ended September 30, 2016.  The Company reported a net loss of $84.1 million, or $0.58 per share, for the third quarter of 2016, compared to a net loss of $226 million, or $1.54 per share, for the quarter ended September 30, 2015.  Revenues for the third quarter of 2016 were $206 million, compared to $422 million for the third quarter of 2015.

For the nine months ended September 30, 2016, the Company reported a net loss of $241 million, or $1.65 per share, compared... More