Patterson Uti Energy (PTEN) Operating Expenses (2009 - 2026)
Patterson Uti Energy (PTEN) posted Operating Expenses of $1.1 billion for Q1 2026, down 1.69% sequentially from $1.2 billion in Q4 2025, and down 10.44% YoY from $1.3 billion in Q1 2025.
Patterson Uti Energy (PTEN) Operating Expenses (2009 - 2026) Analysis & Trends
Patterson Uti Energy has reported Operating Expenses for 18 years, with the latest figure at $1.1 billion in Q1 2026.
- Quarterly Operating Expenses fell 10.44% year-over-year to $1.1 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $4.7 billion (down 22.47% YoY) and the FY2025 annual result came in at $4.9 billion, down 22.34% from the prior year.
- Operating Expenses declined to $1.1 billion in Q1 2026 per PTEN's latest filing, from $1.2 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $2.3 billion in Q3 2024 and troughed at $528.3 million in Q1 2022.
- A 5-year average of $1.1 billion and a median of $1.2 billion in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses jumped 134.38% in 2024, then plunged 48.72% in 2025.
- Over 5 years, Operating Expenses stood at $671.7 million in 2022, then soared by 119.25% to $1.5 billion in 2023, then slipped by 18.96% to $1.2 billion in 2024, then declined by 3.55% to $1.2 billion in 2025, then decreased by 1.69% to $1.1 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $1.1 billion, $1.2 billion, and $1.2 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.48 Bn | 7.02 Bn | 273.38 Mn | 689.21 Mn |
| 2 | Transocean | 6.72 Bn | 5.93 Bn | 358.00 Mn | 812.00 Mn |
| 3 | Patterson Uti Energy | 4.65 Bn | 4.44 Bn | 597.25 Mn | 1.23 Bn |
| 4 | Helmerich & Payne | 4.35 Bn | 4.11 Bn | 349.94 Mn | 846.65 Mn |
| 5 | Seadrill | 2.95 Bn | 2.59 Bn | 234.00 Mn | 377.00 Mn |
| 6 | Borr Drilling | 1.39 Bn | 1.16 Bn | - | 232.10 Mn |
| 7 | Nabors Industries | 1.30 Bn | 791.29 Mn | 309.38 Mn | 802.04 Mn |
| 8 | Precision Drilling | 1.17 Bn | 1.12 Bn | 89.29 Mn | 19.12 Mn |
| 9 | Valaris | 827.45 Mn | 286.25 Mn | 123.70 Mn | 498.70 Mn |
| 10 | Sable Offshore | 782.67 Mn | 761.07 Mn | - | 204.02 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.23 Bn |
| Mar 31, 2026 | 1.13 Bn |
| Dec 31, 2025 | 1.15 Bn |
| Sep 30, 2025 | 1.20 Bn |
| Jun 30, 2025 | 1.25 Bn |
| Mar 31, 2025 | 1.26 Bn |
| Dec 31, 2024 | 1.19 Bn |
| Sep 30, 2024 | 2.35 Bn |
| Jun 30, 2024 | 1.30 Bn |
| Mar 31, 2024 | 1.42 Bn |
| Dec 31, 2023 | 1.47 Bn |
| Sep 30, 2023 | 1.00 Bn |
| Jun 30, 2023 | 654.30 Mn |
| Mar 31, 2023 | 665.84 Mn |
| Dec 31, 2022 | 671.67 Mn |
| Sep 30, 2022 | 651.16 Mn |
| Jun 30, 2022 | 585.48 Mn |
| Mar 31, 2022 | 528.26 Mn |
| Dec 31, 2021 | 827.30 Mn |
| Sep 30, 2021 | 447.89 Mn |