Patterson Uti Energy (PTEN) Current Taxes (2010 - 2023)
Patterson Uti Energy (PTEN) posted Current Taxes of $62.2 million for Q4 2023, down 7.86% sequentially from $67.5 million in Q3 2023, and up 514.63% YoY from $10.1 million in Q4 2022.
Patterson Uti Energy (PTEN) Current Taxes (2010 - 2023) Analysis & Trends
Patterson Uti Energy has reported Current Taxes for 14 years, with the latest figure at $62.2 million in Q4 2023.
- Quarterly Current Taxes rose 514.63% year-over-year to $62.2 million in Q4 2023, while the trailing twelve-month figure through Dec 2023 was $62.2 million (up 514.63% YoY) and the FY2023 annual result came in at $62.2 million, up 514.63% from the prior year.
- Current Taxes declined to $62.2 million in Q4 2023 per PTEN's latest filing, from $67.5 million in the prior quarter.
- Over five years, Current Taxes peaked at $67.5 million in Q3 2023 and troughed at $535000.0 in Q3 2019.
- A 5-year average of $20.5 million and a median of $17.8 million in 2021 frame the typical range for Current Taxes.
- The sharpest annual moves came in 2020 and 2022: Current Taxes soared 4647.66% in 2020, then tumbled 96.21% in 2022.
- Over 5 years, Current Taxes stood at $22.4 million in 2019, then tumbled by 52.39% to $10.7 million in 2020, then slipped by 9.31% to $9.7 million in 2021, then rose by 4.61% to $10.1 million in 2022, then soared by 514.63% to $62.2 million in 2023.
- According to Business Quant data, Current Taxes over the past three periods registered $62.2 million, $67.5 million, and $17.0 million for Q4 2023, Q3 2023, and Q2 2023 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Current Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.46 Bn | 7.01 Bn | 273.38 Mn | 59.52 Mn |
| 2 | Transocean | 6.71 Bn | 5.91 Bn | 358.00 Mn | 9.00 Mn |
| 3 | Patterson Uti Energy | 4.63 Bn | 4.43 Bn | 597.25 Mn | - |
| 4 | Helmerich & Payne | 4.39 Bn | 4.16 Bn | 349.94 Mn | - |
| 5 | Seadrill | 2.96 Bn | 2.60 Bn | 234.00 Mn | - |
| 6 | Borr Drilling | 1.36 Bn | 1.14 Bn | - | - |
| 7 | Nabors Industries | 1.30 Bn | 792.72 Mn | 309.38 Mn | 24.22 Mn |
| 8 | Precision Drilling | 1.15 Bn | 1.10 Bn | 89.29 Mn | 318,810.05 |
| 9 | Valaris | 886.35 Mn | 345.15 Mn | 123.70 Mn | - |
| 10 | Sable Offshore | 777.33 Mn | 755.73 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 62.19 Mn |
| Sep 30, 2023 | 67.50 Mn |
| Jun 30, 2023 | 16.95 Mn |
| Mar 31, 2023 | 6.29 Mn |
| Dec 31, 2022 | 10.12 Mn |
| Sep 30, 2022 | 16.25 Mn |
| Jun 30, 2022 | 803,000.00 |
| Mar 31, 2022 | 569,000.00 |
| Dec 31, 2021 | 9.67 Mn |
| Sep 30, 2021 | 19.57 Mn |
| Jun 30, 2021 | 18.56 Mn |
| Mar 31, 2021 | 15.02 Mn |
| Dec 31, 2020 | 10.67 Mn |
| Sep 30, 2020 | 25.40 Mn |
| Jun 30, 2020 | 26.23 Mn |
| Mar 31, 2020 | 26.72 Mn |
| Dec 31, 2019 | 22.40 Mn |
| Sep 30, 2019 | 535,000.00 |
| Jun 30, 2019 | 34.15 Mn |
| Mar 31, 2019 | 21.16 Mn |