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Patterson-UTI Energy Reports Financial Results for the Three Months Ended March 31, 2020

Apr 23, 2020 - PR Newswire
Financial Results

PR Newswire

PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three months ended March 31, 2020.  The Company reported a net loss of $435 million, or $2.28 per share, for the first quarter of 2020, compared to a net loss of $28.6 million, or $0.14 per share, for the first quarter of 2019.  Revenues for the first quarter of 2020 were $446 million, compared to $704 million for the first quarter of 2019.

Financial results for the three months ended Mar...