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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Cash Flow Trends
Operating Cash Flow
$961M
-18.2% ▼
5Y CAGR: +28.1%
Capital Expenditures
$589M
+13.2% ▲
5Y CAGR: +32.3%
Free Cash Flow
$372M
-25.1% ▼
5Y CAGR: +22.8%
Dividends Paid
$122M
+3.4% ▲
Buybacks
$70M
+76.0% ▲
Net Change in Cash
$179M
+268.9% ▲
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | -$655M | $155M | $246M | -$966M | -$93M |
| Depreciation & Amort. | $849M | $484M | $731M | $1.2B | $940M |
| Stock-Based Comp. | $22M | $21M | $47M | $46M | $39M |
| Change in Working Capital | -$55M | -$87M | -$67M | $36M | $96M |
| Other Non-Cash Items | -$2M | -$14M | -$3M | $889M | $44K |
| Operating Cash Flow | $95M | $566M | $1.0B | $1.2B | $961M |
| — Investing Activities — | |||||
| Capital Expenditures | -$166M | -$437M | -$616M | -$678M | -$589M |
| Acquisitions (Net) | -$29M | $26M | -$396M | $3M | $0 |
| Investment Purchases | $0 | $0 | $0 | $0 | $0 |
| Investment Sales | $0 | $0 | $0 | $0 | $0 |
| Other Investing | $64M | -$3M | -$6M | $21M | $22M |
| Investing Cash Flow | -$132M | -$413M | -$1.0B | -$655M | -$567M |
| — Financing Activities — | |||||
| Net Debt Issuance | -$50M | -$20M | $373M | -$45M | -$8M |
| Stock Repurchased | -$6M | -$70M | -$201M | -$290M | -$70M |
| Dividends Paid | -$16M | -$43M | -$100M | -$127M | -$122M |
| Other Financing | $0 | -$455K | -$6M | -$12M | -$11M |
| Financing Cash Flow | -$72M | -$133M | $66M | -$475M | -$211M |
| Net Change in Cash | -$107M | $20M | $55M | $49M | $179M |
| Cash End of Period | $118M | $138M | $193M | $241M | $421M |
| Free Cash Flow | -$71M | $129M | $390M | $497M | $372M |