Patterson Uti Energy (PTEN) Tax Provisions (2009 - 2026)
Patterson Uti Energy (PTEN) posted Tax Provisions of -$3.6 million for Q1 2026, up 39.35% sequentially from -$5.9 million in Q4 2025, and down 358.71% YoY from $1.4 million in Q1 2025.
Patterson Uti Energy (PTEN) Tax Provisions (2009 - 2026) Analysis & Trends
Patterson Uti Energy has reported Tax Provisions for 18 years, with the latest figure at -$3.6 million in Q1 2026.
- Quarterly Tax Provisions fell 358.71% year-over-year to -$3.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$14.9 million (down 63.02% YoY) and the FY2025 annual result came in at -$9.9 million, down 205.12% from the prior year.
- Tax Provisions improved to -$3.6 million in Q1 2026 per PTEN's latest filing, from -$5.9 million in the prior quarter.
- Over five years, Tax Provisions peaked at $31.3 million in Q4 2023 and troughed at -$30.3 million in Q3 2024.
- A 5-year average of $4.1 million and a median of $1.8 million in 2022 frame the typical range for Tax Provisions.
- The sharpest annual moves came in 2023 and 2024: Tax Provisions surged 2075.11% in 2023, then slumped 632.59% in 2024.
- Over 5 years, Tax Provisions stood at $8.3 million in 2022, then surged by 277.77% to $31.3 million in 2023, then plunged by 93.85% to $1.9 million in 2024, then tumbled by 407.68% to -$5.9 million in 2025, then jumped by 39.35% to -$3.6 million in 2026.
- According to Business Quant data, Tax Provisions over the past three periods registered -$3.6 million, -$5.9 million, and -$6.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Noble | 7.43 Bn | 6.98 Bn | 273.38 Mn | 16.29 Mn |
| 2 | Transocean | 6.68 Bn | 5.88 Bn | 358.00 Mn | 14.00 Mn |
| 3 | Patterson Uti Energy | 4.70 Bn | 4.50 Bn | 597.25 Mn | -8.65 Mn |
| 4 | Helmerich & Payne | 4.37 Bn | 4.13 Bn | 349.94 Mn | 72.40 Mn |
| 5 | Seadrill | 2.95 Bn | 2.59 Bn | 234.00 Mn | 12.00 Mn |
| 6 | Borr Drilling | 1.39 Bn | 1.17 Bn | - | 10.90 Mn |
| 7 | Nabors Industries | 1.32 Bn | 807.28 Mn | 309.38 Mn | 16.41 Mn |
| 8 | Precision Drilling | 1.18 Bn | 1.14 Bn | 89.29 Mn | 503,155.99 |
| 9 | Valaris | 827.45 Mn | 286.25 Mn | 123.70 Mn | 33.60 Mn |
| 10 | Sable Offshore | 774.26 Mn | 752.66 Mn | - | 26.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -8.65 Mn |
| Mar 31, 2026 | -3.60 Mn |
| Dec 31, 2025 | -5.93 Mn |
| Sep 30, 2025 | -6.59 Mn |
| Jun 30, 2025 | 1.19 Mn |
| Mar 31, 2025 | 1.39 Mn |
| Dec 31, 2024 | 1.93 Mn |
| Sep 30, 2024 | -30.26 Mn |
| Jun 30, 2024 | 17.79 Mn |
| Mar 31, 2024 | 20.00 Mn |
| Dec 31, 2023 | 31.33 Mn |
| Sep 30, 2023 | -4.13 Mn |
| Jun 30, 2023 | 13.77 Mn |
| Mar 31, 2023 | 20.19 Mn |
| Dec 31, 2022 | 8.29 Mn |
| Sep 30, 2022 | 2.20 Mn |
| Jun 30, 2022 | 1.78 Mn |
| Mar 31, 2022 | 928,000.00 |
| Dec 31, 2021 | -8.12 Mn |
| Sep 30, 2021 | -17.64 Mn |