Patterson-UTI Energy PTEN reported its Q2 earnings results on Wednesday, July 27, 2022 at 04:55 PM.
Here’s what investors need to know about the announcement.
Earnings
Patterson-UTI Energy beat estimated earnings by 225.0%, reporting an EPS of $0.05 versus an estimate of $-0.04.
Revenue was up $330.46 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.08 which was followed by a 7.46% increase in the share price the next day.
Here’s a look at Patterson-UTI Energy’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.21 | -0.35 | -0.44 | -0.52 |
| EPS Actual | -0.13 | -0.38 | -0.44 | -0.54 |
| Revenue Estimate | 510.67M | 435.89M | 352.18M | 292.89M |
| Revenue Actual | 509.38M | 466.49M | 357.88M | 291.77M |
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.21 | -0.35 | -0.44 | -0.52 |
| EPS Actual | -0.13 | -0.38 | -0.44 | -0.54 |
| Revenue Estimate | 510.67M | 435.89M | 352.18M | 292.89M |
| Revenue Actual | 509.38M | 466.49M | 357.88M | 291.77M |
To track all earnings releases for Patterson-UTI Energy visit their earnings calendar here.
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