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Patterson Uti Energy (PTEN) Depreciation Expense (2021 - 2026)

Patterson Uti Energy recorded quarterly Depreciation Expense of $185.3 million in Q1 2026, down 6.17% quarter-over-quarter from $197.5 million in Q1 2025, and down 6.17% year-over-year from $197.5 million in Q1 2025.

Patterson Uti Energy's Depreciation Expense history runs 4 years deep, the most recent figure standing at $185.3 million for Q1 2026.

  • In Q1 2026, Depreciation Expense fell 6.17% year-over-year to $185.3 million; the TTM figure through Mar 2026 stood at $388.2 million (up 90.24% YoY), while the FY2025 annual figure was $5.8 million, down 23.95% from the prior year.
  • Depreciation Expense came in at $185.3 million for Q1 2026 at Patterson Uti Energy, down from $197.5 million in the prior quarter.
  • In the past five years, Depreciation Expense ranged from a high of $197.5 million in Q1 2025 to a low of $1.3 million in Q3 2022.
  • A 3-year average of $97.0 million and a median of $94.7 million in 2022 frame the typical range for Depreciation Expense.
  • On a YoY basis, Depreciation Expense climbed as much as 259.83% in 2022 and fell as far as 10.08% in 2022.
  • Patterson Uti Energy's Depreciation Expense stood at $4.1 million in 2022, then jumped by 4672.4% to $197.5 million in 2025, then decreased by 6.17% to $185.3 million in 2026.
  • According to Business Quant data, Depreciation Expense over the past three periods registered $185.3 million, $197.5 million, and $4.1 million for Q1 2026, Q1 2025, and Q4 2022 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Depreciation (Qtr)
1 Precision Drilling 157.47 Bn 157.41 Bn 120.82 Mn -
2 Noble 8.34 Bn 7.67 Bn 755.58 Mn -
3 Transocean 7.55 Bn 6.94 Bn 475.00 Mn -
4 Patterson Uti Energy 4.63 Bn 4.30 Bn 535.85 Mn 185.29 Mn
5 Helmerich & Payne 3.96 Bn 3.86 Bn 907.56 Mn 162.30 Mn
6 Seadrill 3.20 Bn 2.87 Bn 177.00 Mn -
7 Sable Offshore 2.10 Bn 2.05 Bn -66.76 Mn -
8 Nabors Industries 1.49 Bn 1.37 Bn 290.08 Mn -
9 Borr Drilling 1.48 Bn 1.10 Bn - -

Historic Data

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DateValue
Mar 31, 2026 185.29 Mn
Mar 31, 2025 197.48 Mn
Dec 31, 2022 4.14 Mn
Sep 30, 2022 1.29 Mn
Dec 31, 2021 1.15 Mn
Sep 30, 2021 1.43 Mn