Patterson-UTI Energy (PTEN) Tops Q4 EPS by 5c, Revenues Beat
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Patterson-UTI Energy Reports Financial Results for the Three Months and Year Ended December 31, 2020
February 4, 2021 6:00 AM ESTHOUSTON, Feb. 4, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three months and year ended December 31, 2020.  The Company reported a net loss of $107 million, or $0.57 per share, for the fourth quarter of 2020, compared to a net loss of $85.9 million, or $0.44 per share, for the fourth quarter of 2019. Revenues for the fourth quarter of 2020 were $221 million, compared to $492 million for the fourth quarter of 2019.
For the year ended December 31, 2020, the Company reported a net loss of $804 million, or $4.27 per share, compared to a net loss of $426... More
