Patterson Uti Energy (PTEN) Work In Process (2016 - 2023)

Patterson Uti Energy's (PTEN) quarterly Work In Process came in at $7.4 million in Q4 2023, up 217.68% year-on-year from $2.3 million in Q4 2022, and up 17.66% quarter-over-quarter from $6.3 million in Q3 2023.

Patterson Uti Energy (PTEN) Work In Process (2016 - 2023) Analysis & Trends

Patterson Uti Energy has disclosed Work In Process across 8 years of filings, most recently posting $7.4 million for Q4 2023.

  • Work In Process for Q4 2023 came in at $7.4 million, up 217.68% year-over-year; the trailing twelve-month figure through Dec 2023 was $7.4 million (up 217.68% YoY), and the FY2023 annual result was $7.4 million, up 217.68% from the prior year.
  • Work In Process came in at $7.4 million for Q4 2023 at Patterson Uti Energy, up from $6.3 million in the prior quarter.
  • In the past five years, Work In Process ranged from a high of $8.2 million in Q2 2019 to a low of $255000.0 in Q1 2021.
  • The 5-year median for Work In Process is $1.3 million (2020), against an average of $2.6 million.
  • Across the five-year window, Work In Process surged 418.13% in 2019 and sank 85.48% in 2020, its largest moves.
  • Patterson Uti Energy's Work In Process stood at $1.2 million in 2019, then plunged by 34.74% to $802000.0 in 2020, then gained by 9.98% to $882000.0 in 2021, then soared by 165.42% to $2.3 million in 2022, then soared by 217.68% to $7.4 million in 2023.
  • The last three Work In Process figures came in at $7.4 million (Q4 2023), $6.3 million (Q3 2023), and $4.4 million (Q2 2023), 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
Dec 31, 2023 7.44 Mn
Sep 30, 2023 6.32 Mn
Jun 30, 2023 4.43 Mn
Mar 31, 2023 3.02 Mn
Dec 31, 2022 2.34 Mn
Sep 30, 2022 2.35 Mn
Jun 30, 2022 1.84 Mn
Mar 31, 2022 1.00 Mn
Dec 31, 2021 882,000.00
Sep 30, 2021 943,000.00
Jun 30, 2021 424,000.00
Mar 31, 2021 255,000.00
Dec 31, 2020 802,000.00
Sep 30, 2020 1.26 Mn
Jun 30, 2020 1.19 Mn
Mar 31, 2020 1.39 Mn
Dec 31, 2019 1.23 Mn
Sep 30, 2019 1.09 Mn
Jun 30, 2019 8.19 Mn
Mar 31, 2019 6.09 Mn