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

Patterson Uti Energy recorded quarterly Operating Leases of $25.1 million in Q1 2026, down 9.14% quarter-over-quarter from $27.6 million in Q4 2025, and down 21.76% year-over-year from $32.1 million in Q1 2025.

Patterson Uti Energy's Operating Leases history runs 8 years deep, the most recent figure standing at $25.1 million for Q1 2026.

  • In Q1 2026, Operating Leases fell 21.76% year-over-year to $25.1 million; the TTM figure through Mar 2026 stood at $25.1 million (down 21.76% YoY), while the FY2025 annual figure 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.
  • A 5-year average of $27.4 million and a median of $27.6 million in 2025 frame the typical range for Operating Leases.
  • Across the five-year window, Operating Leases jumped 120.61% in 2024 and declined 22.41% in 2025, its largest moves.
  • Patterson Uti Energy's Operating Leases stood at $19.6 million in 2022, then soared by 93.16% to $37.8 million in 2023, then dropped by 9.36% to $34.3 million in 2024, then declined by 19.52% to $27.6 million in 2025, then fell 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.

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, 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
Mar 31, 2021 17.50 Mn
Dec 31, 2020 19.12 Mn
Sep 30, 2020 20.74 Mn
Jun 30, 2020 23.56 Mn
Mar 31, 2020 25.51 Mn
Dec 31, 2019 26.64 Mn
Sep 30, 2019 20.40 Mn
Jun 30, 2019 22.36 Mn
Mar 31, 2019 23.90 Mn