Patterson Uti Energy (PTEN) Cost of Revenue (2009 - 2026)
Patterson Uti Energy (PTEN) posted Cost of Revenue of $46.9 million for Q1 2026, up 137.56% sequentially from -$124.9 million in Q4 2025, and little changed YoY from $46.9 million in Q1 2025.
Patterson Uti Energy (PTEN) Cost of Revenue (2009 - 2026) Analysis & Trends
Patterson Uti Energy has reported Cost of Revenue for 18 years, with the latest figure at $46.9 million in Q1 2026.
- Quarterly Cost of Revenue changed 0.03% year-over-year to $46.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $770.9 million (down 60.66% YoY) and the FY2025 annual result came in at $21.6 million, down 99.19% from the prior year.
- Cost of Revenue climbed to $46.9 million in Q1 2026 per PTEN's latest filing, from -$124.9 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $1.1 billion in Q4 2023 and troughed at -$124.9 million in Q4 2025.
- A 5-year average of $372.1 million and a median of $254.8 million in 2025 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2022 and 2025: Cost of Revenue soared 2085.48% in 2022, then tumbled 122.49% in 2025.
- Over 5 years, Cost of Revenue stood at $781.4 million in 2022, then jumped by 39.15% to $1.1 billion in 2023, then slumped by 48.91% to $555.5 million in 2024, then sank by 122.49% to -$124.9 million in 2025, then surged by 137.56% to $46.9 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $46.9 million, -$124.9 million, and $594.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.43 Bn | 6.98 Bn | 273.38 Mn | 446.31 Mn |
| 2 | Transocean | 6.68 Bn | 5.88 Bn | 358.00 Mn | 608.00 Mn |
| 3 | Patterson Uti Energy | 4.70 Bn | 4.50 Bn | 597.25 Mn | 630.72 Mn |
| 4 | Helmerich & Payne | 4.37 Bn | 4.13 Bn | 349.94 Mn | 684.91 Mn |
| 5 | Seadrill | 2.95 Bn | 2.59 Bn | 234.00 Mn | 215.00 Mn |
| 6 | Borr Drilling | 1.39 Bn | 1.17 Bn | - | - |
| 7 | Nabors Industries | 1.32 Bn | 807.28 Mn | 309.38 Mn | 507.55 Mn |
| 8 | Precision Drilling | 1.18 Bn | 1.14 Bn | 89.29 Mn | 238.05 Mn |
| 9 | Valaris | 827.45 Mn | 286.25 Mn | 123.70 Mn | 415.50 Mn |
| 10 | Sable Offshore | 774.26 Mn | 752.66 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 630.72 Mn |
| Jun 30, 2026 | 630.72 Mn |
| Mar 31, 2026 | 46.92 Mn |
| Mar 31, 2026 | 46.92 Mn |
| Dec 31, 2025 | -124.94 Mn |
| Dec 31, 2025 | -124.94 Mn |
| Sep 30, 2025 | 594.12 Mn |
| Sep 30, 2025 | 594.12 Mn |
| Jun 30, 2025 | 254.77 Mn |
| Jun 30, 2025 | 254.77 Mn |
| Mar 31, 2025 | 46.94 Mn |
| Mar 31, 2025 | 46.94 Mn |
| Dec 31, 2024 | 555.53 Mn |
| Dec 31, 2024 | 555.53 Mn |
| Sep 30, 2024 | 703.81 Mn |
| Sep 30, 2024 | 703.81 Mn |
| Jun 30, 2024 | 653.24 Mn |
| Jun 30, 2024 | 653.24 Mn |
| Mar 31, 2024 | 48.63 Mn |
| Mar 31, 2024 | 48.63 Mn |