Patterson Uti Energy (PTEN) Operating Expenses (2009 - 2026)

Patterson Uti Energy has disclosed Operating Expenses across 18 years of filings, most recently posting $1.1 billion for Q1 2026.

• Operating Expenses for Q1 2026 came in at $1.1 billion, down 10.44% year-over-year; the trailing twelve-month figure through Mar 2026 was $4.7 billion (down 22.47% YoY), and the FY2025 annual result was $4.9 billion, down 22.34% from the prior year.
• Operating Expenses came in at $1.1 billion for Q1 2026 at Patterson Uti Energy, down from $1.2 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $2.3 billion in Q3 2024 to a low of $528.3 million in Q1 2022.
• The 5-year median for Operating Expenses is $1.2 billion (2025), against an average of $1.1 billion.
• Across the five-year window, Operating Expenses surged 134.38% in 2024 and plunged 48.72% in 2025, its largest moves.
• Patterson Uti Energy's Operating Expenses stood at $671.7 million in 2022, then jumped by 119.25% to $1.5 billion in 2023, then retreated by 18.96% to $1.2 billion in 2024, then slipped by 3.55% to $1.2 billion in 2025, then fell by 1.69% to $1.1 billion in 2026.
• The last three Operating Expenses figures came in at $1.1 billion (Q1 2026), $1.2 billion (Q4 2025), and $1.2 billion (Q3 2025), per Business Quant data.