Patterson-UTI Energy (PTEN) Misses Q2 EPS by 3c

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Patterson-UTI Energy Reports Financial Results for the Three and Six Months Ended June 30, 2021

July 29, 2021 6:00 AM EDT

HOUSTON, July 29, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three and six months ended June 30, 2021.  The Company reported a net loss of $103 million, or $0.55 per share, for the second quarter of 2021, compared to a net loss of $150 million, or $0.81 per share, for the second quarter of 2020.  Revenues for the second quarter of 2021 were $292 million, compared to $250 million for the second quarter of 2020.

For the six months ended June 30, 2021, the Company reported a net loss of $210 million, or $1.12 per share, compared... More