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) Change in Taxes (2009 - 2023)

Patterson Uti Energy (PTEN) posted Change in Taxes of $1.5 million for Q1 2023, down 22.13% sequentially from $2.0 million in Q4 2022, and up 243.89% YoY from $442000.0 in Q1 2022.

Patterson Uti Energy (PTEN) Change in Taxes (2009 - 2023) Analysis & Trends

Patterson Uti Energy has reported Change in Taxes for 14 years, with the latest figure at $1.5 million in Q1 2023.

  • Quarterly Change in Taxes rose 243.89% year-over-year to $1.5 million in Q1 2023, while the trailing twelve-month figure through Mar 2023 was $5.2 million (up 666.28% YoY) and the FY2022 annual result came in at $4.2 million, down 7.64% from the prior year.
  • Change in Taxes fell to $1.5 million in Q1 2023 per PTEN's latest filing, from $2.0 million in the prior quarter.
  • Over five years, Change in Taxes peaked at $4.3 million in Q1 2021 and troughed at -$3.0 million in Q2 2019.
  • A 5-year average of $499352.9 and a median of $138000.0 in 2021 frame the typical range for Change in Taxes.
  • The sharpest annual moves came in 2020 and 2022: Change in Taxes tumbled 14028.57% in 2020, then soared 18533.33% in 2022.
  • Over 5 years, Change in Taxes stood at -$599000.0 in 2019, then soared by 158.43% to $350000.0 in 2020, then slumped by 60.57% to $138000.0 in 2021, then jumped by 1314.49% to $2.0 million in 2022, then declined by 22.13% to $1.5 million in 2023.
  • According to Business Quant data, Change in Taxes over the past three periods registered $1.5 million, $2.0 million, and $1.7 million for Q1 2023, Q4 2022, and Q3 2022 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Taxes (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 -5.45 Mn
8 Precision Drilling 1.18 Bn 1.14 Bn 89.29 Mn 2.92 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
Mar 31, 2023 1.52 Mn
Mar 31, 2023 1.52 Mn
Dec 31, 2022 1.95 Mn
Dec 31, 2022 1.95 Mn
Sep 30, 2022 1.68 Mn
Sep 30, 2022 1.68 Mn
Jun 30, 2022 100,000.00
Jun 30, 2022 100,000.00
Mar 31, 2022 442,000.00
Mar 31, 2022 442,000.00
Dec 31, 2021 138,000.00
Dec 31, 2021 138,000.00
Sep 30, 2021 9,000.00
Sep 30, 2021 9,000.00
Jun 30, 2021 96,000.00
Jun 30, 2021 96,000.00
Mar 31, 2021 4.27 Mn
Mar 31, 2021 4.27 Mn
Dec 31, 2020 350,000.00
Dec 31, 2020 350,000.00