Patterson Uti Energy PTEN
NASDAQ PTEN
$12.34 +0.16 (+1.31%)
At close: Aug 21, 2026 · 4:00 PM EDT

Patterson Uti Energy (PTEN) Asset Writedowns and Impairment (2009 - 2026)

Patterson Uti Energy (PTEN) posted Asset Writedowns and Impairment of $721000.0 for Q3 2024, up 364.1% sequentially from -$273000.0 in Q2 2024.

Patterson Uti Energy (PTEN) Asset Writedowns and Impairment (2009 - 2026) Analysis & Trends

Patterson Uti Energy has reported Asset Writedowns and Impairment for 14 years, with the latest figure at $721000.0 in Q3 2024.

  • Quarterly Asset Writedowns and Impairment changed N/A year-over-year to $721000.0 in Q3 2024, while the trailing twelve-month figure through Sep 2024 was $5.7 million (changed N/A YoY) and the FY2022 annual result came in at $119000.0, down 33.15% from the prior year.
  • Asset Writedowns and Impairment advanced to $721000.0 in Q3 2024 per PTEN's latest filing, from -$273000.0 in the prior quarter.
  • Over five years, Asset Writedowns and Impairment peaked at $5.2 million in Q1 2024 and troughed at -$4.3 million in Q4 2020.
  • A 4-year average of $577272.7 and a median of $117000.0 in 2022 frame the typical range for Asset Writedowns and Impairment.
  • The widest YoY moves for Asset Writedowns and Impairment: up 728.57% in 2020, down 28906.67% in 2020.
  • Over 4 years, Asset Writedowns and Impairment stood at -$4.3 million in 2020, then surged by 100.02% to $1000.0 in 2021, then changed by 0.0% to $1000.0 in 2022, then jumped by 72000.0% to $721000.0 in 2024.
  • According to Business Quant data, Asset Writedowns and Impairment over the past three periods registered $721000.0, -$273000.0, and $5.2 million for Q3 2024, Q2 2024, and Q1 2024 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Noble 7.43 Bn 6.98 Bn 273.38 Mn
2 Transocean 6.68 Bn 5.88 Bn 358.00 Mn
3 Patterson Uti Energy 4.70 Bn 4.50 Bn 597.25 Mn
4 Helmerich & Payne 4.37 Bn 4.13 Bn 349.94 Mn
5 Seadrill 2.95 Bn 2.59 Bn 234.00 Mn
6 Borr Drilling 1.39 Bn 1.17 Bn -
7 Nabors Industries 1.32 Bn 807.28 Mn 309.38 Mn
8 Precision Drilling 1.18 Bn 1.14 Bn 89.29 Mn
9 Valaris 827.45 Mn 286.25 Mn 123.70 Mn
10 Sable Offshore 774.26 Mn 752.66 Mn -

Historic Data

Download Data
DateValue
Jun 30, 2026 1.18 Mn
Jun 30, 2026 1.18 Mn
Jun 30, 2025 30.74 Mn
Jun 30, 2025 30.74 Mn
Sep 30, 2024 721,000.00
Sep 30, 2024 721,000.00
Jun 30, 2024 -273,000.00
Jun 30, 2024 -273,000.00
Mar 31, 2024 5.23 Mn
Mar 31, 2024 5.23 Mn
Sep 30, 2022 1,000.00
Sep 30, 2022 1,000.00
Jun 30, 2022 1,000.00
Jun 30, 2022 1,000.00
Mar 31, 2022 117,000.00
Mar 31, 2022 117,000.00
Dec 31, 2021 1,000.00
Dec 31, 2021 1,000.00
Mar 31, 2021 147,000.00
Mar 31, 2021 147,000.00