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| Date | Value |
|---|---|
| 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 |