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Patterson Uti Energy (PTEN) Long-Term Deferred Tax (2009 - 2024)

Patterson Uti Energy recorded quarterly Long-Term Deferred Tax of $4.8 million in Q1 2024, up 21.82% quarter-over-quarter from $3.9 million in Q4 2023, and up 34.01% year-over-year from $3.6 million in Q2 2023.

Patterson Uti Energy's Long-Term Deferred Tax history runs 14 years deep, the most recent figure standing at $4.8 million for Q1 2024.

  • In Q1 2024, Long-Term Deferred Tax rose 34.01% year-over-year to $4.8 million; the TTM figure through Mar 2024 stood at $4.8 million (up 34.01% YoY), while the FY2023 annual figure was $3.9 million, up 22.34% from the prior year.
  • Long-Term Deferred Tax came in at $4.8 million for Q1 2024 at Patterson Uti Energy, up from $3.9 million in the prior quarter.
  • In the past five years, Long-Term Deferred Tax ranged from a high of $7.7 million in Q3 2023 to a low of $2.8 million in Q2 2022.
  • A 4-year average of $4.1 million and a median of $3.9 million in 2022 frame the typical range for Long-Term Deferred Tax.
  • Across the five-year window, Long-Term Deferred Tax declined 19.25% in 2022 and surged 115.78% in 2023, its largest moves.
  • Patterson Uti Energy's Long-Term Deferred Tax stood at $4.0 million in 2021, then fell by 19.25% to $3.2 million in 2022, then gained by 22.34% to $3.9 million in 2023, then grew by 21.82% to $4.8 million in 2024.
  • According to Business Quant data, Long-Term Deferred Tax over the past three periods registered $4.8 million, $3.9 million, and $7.7 million for Q1 2024, Q4 2023, and Q3 2023 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (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
5 Helmerich & Payne 3.96 Bn 3.86 Bn 907.56 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, 2024 4.78 Mn
Dec 31, 2023 3.93 Mn
Sep 30, 2023 7.70 Mn
Jun 30, 2023 4.03 Mn
Mar 31, 2023 3.57 Mn
Dec 31, 2022 3.21 Mn
Sep 30, 2022 3.57 Mn
Jun 30, 2022 2.82 Mn
Mar 31, 2022 3.81 Mn
Dec 31, 2021 3.98 Mn
Sep 30, 2018 2.58 Mn
Jun 30, 2018 1.86 Mn
Mar 31, 2018 1.01 Mn
Dec 31, 2017 3.88 Mn
Sep 30, 2017 2.56 Mn
Jun 30, 2017 1.34 Mn
Mar 31, 2017 4.77 Mn
Dec 31, 2016 4.12 Mn
Dec 31, 2015 137.03 Mn
Mar 31, 2015 -914.71 Mn
Dec 31, 2014 117.62 Mn
Sep 30, 2014 -836.40 Mn
Jun 30, 2014 -873.11 Mn
Mar 31, 2014 -878.77 Mn
Dec 31, 2013 67.20 Mn
Sep 30, 2013 -896.66 Mn
Jun 30, 2013 -885.81 Mn
Mar 31, 2013 -871.40 Mn
Dec 31, 2012 63.58 Mn
Sep 30, 2012 -846.93 Mn
Jun 30, 2012 -828.42 Mn
Mar 31, 2012 -808.86 Mn
Dec 31, 2011 62.09 Mn
Dec 31, 2010 -484.61 Mn
Dec 31, 2009 42.42 Mn