Patterson Uti Energy (PTEN) Operating Leases (2019 - 2026)

Patterson Uti Energy's (PTEN) quarterly Operating Leases came in at $25.1 million in Q1 2026, down 21.76% year-on-year from $32.1 million in Q1 2025, and down 9.14% quarter-over-quarter from $27.6 million in Q4 2025.

Patterson Uti Energy (PTEN) Operating Leases (2019 - 2026) Analysis & Trends

Patterson Uti Energy has disclosed Operating Leases across 8 years of filings, most recently posting $25.1 million for Q1 2026.

  • Operating Leases for Q1 2026 came in at $25.1 million, down 21.76% year-over-year; the trailing twelve-month figure through Mar 2026 was $25.1 million (down 21.76% YoY), and the FY2025 annual result was $27.6 million, down 19.52% from the prior year.
  • Operating Leases came in at $25.1 million for Q1 2026 at Patterson Uti Energy, down from $27.6 million in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $40.2 million in Q1 2024 to a low of $17.3 million in Q2 2023.
  • The 5-year median for Operating Leases is $27.6 million (2025), against an average of $27.4 million.
  • Across the five-year window, Operating Leases soared 120.61% in 2024 and dropped 22.41% in 2025, its largest moves.
  • Patterson Uti Energy's Operating Leases stood at $19.6 million in 2022, then surged by 93.16% to $37.8 million in 2023, then slipped by 9.36% to $34.3 million in 2024, then dropped by 19.52% to $27.6 million in 2025, then declined by 9.14% to $25.1 million in 2026.
  • The last three Operating Leases figures came in at $25.1 million (Q1 2026), $27.6 million (Q4 2025), and $29.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Precision Drilling 156.90 Bn 156.84 Bn 120.82 Mn
2 Noble 7.48 Bn 6.81 Bn 755.58 Mn
3 Transocean 6.71 Bn 6.09 Bn 475.00 Mn
4 Patterson Uti Energy 4.36 Bn 4.03 Bn 535.85 Mn
5 Helmerich & Payne 3.92 Bn 3.82 Bn 907.56 Mn
6 Seadrill 2.75 Bn 2.42 Bn 177.00 Mn
7 Sable Offshore 1.56 Bn 1.51 Bn -66.76 Mn
8 Nabors Industries 1.45 Bn 1.33 Bn 290.08 Mn
9 Borr Drilling 1.40 Bn 1.16 Bn -
10 Valaris 492.40 Mn -85.40 Mn 92.00 Mn

Historic Data

Download Data
DateValue
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 19.10 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
Jun 30, 2021 17.15 Mn