PTEN NASDAQ
Patterson-UTI Energy, Inc.
1W: +5.1%
1M: +12.6%
3M: +32.0%
YTD: +94.3%
1Y: +92.1%
3Y: +0.7%
5Y: +53.9%
$12.21
-0.04 (-0.33%)
Weekly Expected Move ±5.9%
$11
$11
$12
$13
$13
Credit Risk of going bust: higher than 55% of companies Debt: 21.3% of company value Bonds: none of note held by US funds details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.32 (down 97%), Patterson-UTI Energy, Inc. would be worth roughly what it owes.
Total debt $1.26B against a stock market value of $4.66B.
Distance to default 4.65 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $617.1M (short-term plus half of long-term), stock volatility 50.5%; Altman Z'' 1.27. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
If the stock fell to about $0.32 (down 97%), Patterson-UTI Energy, Inc. would be worth roughly what it owes.
Total debt $1.26B against a stock market value of $4.66B.
Distance to default 4.65 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $617.1M (short-term plus half of long-term), stock volatility 50.5%; Altman Z'' 1.27. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
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Balance Sheet Trends
Total Assets
$5.6B
-4.5% ▼
5Y CAGR: +8.5%
Total Liabilities
$2.3B
-0.5% ▼
5Y CAGR: +6.7%
Shareholders Equity
$3.2B
-7.1% ▼
5Y CAGR: +9.8%
Cash & Investments
$421M
+75.9% ▲
5Y CAGR: +13.3%
Total Debt
$1.3B
-1.4% ▼
5Y CAGR: +6.7%
Net Debt
$860M
-18.9% ▼
Assets vs Liabilities & Equity
Year-over-Year Growth
View Full Balance Sheet
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Assets — | |||||
| Cash | $118M | $138M | $193M | $239M | $421M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Cash & ST Investments | $118M | $138M | $193M | $239M | $421M |
| Net Receivables | $356M | $611M | $1.0B | $822M | $776M |
| Inventory | $42M | $65M | $181M | $167M | $160M |
| Other Current Assets | $68M | $3M | $37M | $35M | $61M |
| Total Current Assets | $584M | $829M | $1.5B | $1.3B | $1.4B |
| Property, Plant & Equip. | $2.4B | $2.3B | $3.5B | $3.1B | $2.7B |
| Goodwill & Intangibles | $8M | $6M | $2.4B | $1.4B | $1.3B |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Other Non-Current Assets | $11M | $11M | $19M | $39M | $139M |
| Total Non-Current Assets | $2.4B | $2.3B | $5.9B | $4.5B | $4.2B |
| Total Assets | $3.0B | $3.1B | $7.4B | $5.8B | $5.6B |
| — Liabilities — | |||||
| Accounts Payable | $190M | $237M | $534M | $421M | $471M |
| Short-Term Debt | $0 | $0 | $12M | $6M | $0 |
| Deferred Revenue | $60M | $110M | $99M | $0 | $79M |
| Other Current Liabilities | $68M | $68M | $84M | $331M | $0 |
| Total Current Liabilities | $436M | $551M | $1.1B | $842M | $864M |
| Long-Term Debt | $852M | $831M | $1.2B | $1.2B | $1.2B |
| Other Non-Current Liab. | $13M | $48M | $25M | $13M | $12M |
| Total Non-Current Liabilities | $913M | $927M | $1.5B | $1.5B | $1.5B |
| Total Liabilities | $1.3B | $1.5B | $2.6B | $2.4B | $2.3B |
| — Equity — | |||||
| Common Stock | $3M | $3M | $5M | $5M | $5M |
| Retained Earnings | -$198M | -$87M | $57M | -$1.0B | -$1.3B |
| Accumulated OCI | $6M | $0 | $472K | -$3M | -$1M |
| Total Stockholders Equity | $1.6B | $1.7B | $4.8B | $3.5B | $3.2B |
| Total Liabilities & Equity | $3.0B | $3.1B | $7.4B | $5.8B | $5.6B |
| — Key Metrics — | |||||
| Total Debt | $877M | $856M | $1.3B | $1.3B | $1.3B |
| Net Debt | $760M | $718M | $1.2B | $1.1B | $860M |
| Total Investments | $0 | $0 | $0 | $0 | $0 |