Patterson-UTI Energy: Q2 Earnings Insights

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.

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.

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

To track all earnings releases for Patterson-UTI Energy visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Calendar