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Patterson-UTI Energy Reports Financial Results for the Three Months and Year Ended December 31, 2019

Feb 06, 2020 - PR Newswire
Financial Results

PR Newswire

 PATTERSON-UTI ENERGY, INC.(NASDAQ: PTEN) today reported financial results for the three months and year ended December 31, 2019. The Company reported a net loss of $85.9 million, or $0.44 per share, for the fourth quarter of 2019, compared to a net loss of $201 million, or $0.93 per share, for the fourth quarter of 2018.  Revenues for the fourth quarter of 2019 were $492 million, compared to $796 million for the fourth quarter of 2018.

For the year ended December 31, ...