Patterson-UTI Energy (PTEN) Reports In-Line Q3 EPS

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

October 28, 2021 6:00 AM EDT

HOUSTON, Oct. 28, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three and nine months ended September 30, 2021.  The Company reported a net loss of $83.0 million, or $0.44 per share, for the third quarter of 2021, compared to a net loss of $112 million, or $0.60 per share, for the third quarter of 2020.  Revenues for the third quarter of 2021 were $358 million, compared to $207 million for the third quarter of 2020.

For the nine months ended September 30, 2021, the Company reported a net loss of $293 million, or $1.55 per share, compared... More