Patterson Uti Energy (PTEN) Operating Leases (2019 - 2026)
Patterson Uti Energy (PTEN) posted Operating Leases of $25.1 million for Q1 2026, down 9.14% sequentially from $27.6 million in Q4 2025, and down 21.76% YoY from $32.1 million in Q1 2025.
Patterson Uti Energy (PTEN) Operating Leases (2019 - 2026) Analysis & Trends
Patterson Uti Energy has reported Operating Leases for 8 years, with the latest figure at $25.1 million in Q1 2026.
- Quarterly Operating Leases fell 21.76% year-over-year to $25.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $25.1 million (down 21.76% YoY) and the FY2025 annual result came in at $27.6 million, down 19.52% from the prior year.
- Operating Leases declined to $25.1 million in Q1 2026 per PTEN's latest filing, from $27.6 million in the prior quarter.
- Over five years, Operating Leases peaked at $40.2 million in Q1 2024 and troughed at $7.5 million in Q3 2023.
- A 5-year average of $26.7 million and a median of $27.6 million in 2025 frame the typical range for Operating Leases.
- The sharpest annual moves came in 2023 and 2024: Operating Leases tumbled 63.58% in 2023, then soared 390.59% in 2024.
- Over 5 years, Operating Leases stood at $19.6 million in 2022, then jumped by 93.16% to $37.8 million in 2023, then declined by 9.36% to $34.3 million in 2024, then fell by 19.52% to $27.6 million in 2025, then retreated by 9.14% to $25.1 million in 2026.
- According to Business Quant data, Operating Leases over the past three periods registered $25.1 million, $27.6 million, and $29.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Noble | 7.49 Bn | 7.04 Bn | 273.38 Mn |
| 2 | Transocean | 6.71 Bn | 5.92 Bn | 358.00 Mn |
| 3 | Patterson Uti Energy | 4.68 Bn | 4.47 Bn | 597.25 Mn |
| 4 | Helmerich & Payne | 4.36 Bn | 4.12 Bn | 349.94 Mn |
| 5 | Seadrill | 2.96 Bn | 2.60 Bn | 234.00 Mn |
| 6 | Borr Drilling | 1.40 Bn | 1.17 Bn | - |
| 7 | Nabors Industries | 1.30 Bn | 786.87 Mn | 309.38 Mn |
| 8 | Precision Drilling | 1.17 Bn | 1.13 Bn | 89.29 Mn |
| 9 | Valaris | 827.45 Mn | 286.25 Mn | 123.70 Mn |
| 10 | Sable Offshore | 774.26 Mn | 752.66 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 27.59 Mn |
| Mar 31, 2026 | 25.08 Mn |
| Dec 31, 2025 | 27.61 Mn |
| Sep 30, 2025 | 29.14 Mn |
| Jun 30, 2025 | 29.59 Mn |
| Mar 31, 2025 | 32.06 Mn |
| Dec 31, 2024 | 34.31 Mn |
| Sep 30, 2024 | 36.79 Mn |
| Jun 30, 2024 | 38.14 Mn |
| Mar 31, 2024 | 40.23 Mn |
| Dec 31, 2023 | 37.85 Mn |
| Sep 30, 2023 | 7.50 Mn |
| Jun 30, 2023 | 17.29 Mn |
| Mar 31, 2023 | 18.39 Mn |
| Dec 31, 2022 | 19.59 Mn |
| Sep 30, 2022 | 20.59 Mn |
| Jun 30, 2022 | 21.61 Mn |
| Mar 31, 2022 | 18.28 Mn |
| Dec 31, 2021 | 18.11 Mn |
| Sep 30, 2021 | 15.80 Mn |