PATTERSON UTI ENERGY INC (PTEN)

Patterson-UTI Energy, Inc. engages in the provision of drilling and pressure pumping services, directional drilling, rental equipment, and technology. It operates through the following segments: Drilling Services, Completion Services, and Drilling Products. The Drilling Services segment represents contract drilling, directional drilling, oilfield technology, and electrical controls and automation businesses. The Completion Services segment offers hydraulic fracturing, wireline and pumping, completion support, cementing, and pressure pumping business. The Drilling Products segment focuses on manufacturing and distribution of drill bits business. The company was founded by Cloyce A. Talbott and A. Glenn Patterson in 1978 and is headquartered in Houston, TX.

Address

10713 WEST SAM HOUSTON PARKWAY NORTH

HOUSTON, TX 77064

Founded

1978

Number of Employees

10,600

Website

http://www.patenergy.com

Buyback

Buyback Data	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	Average
$ Amount Purchased ($ in 000s)	$18,146	$8,009	$4,050	$7,617	$161,752	$264,659	$21,174	$6,328	$80,445	$204,566	$232,105	$91,714
Average Price	$32.96	$20.61	$21.84	$18.58	$16.34	$11.20	$3.49	$8.71	$17.38	$12.16	$11.07	$11.97
# Shares Purchased	550,528	388,655	185,377	409,994	9,898,485	23,635,291	6,065,935	726,673	4,629,727	16,821,289	20,968,795	7,661,886

Buyback Performance	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	Average
Total Return to Date	-78.8%	-66.0%	-68.0%	-62.3%	-57.2%	-37.5%	100.5%	-19.6%	-59.7%	-42.4%	-36.8%	-41.5%
S&P 500 Return to Date	181.9%	173.0%	168.6%	129.7%	104.9%	93.1%	74.8%	31.7%	37.3%	31.3%	7.4%	94.0%
Excess Total Return	-260.6%	-239.0%	-236.5%	-192.0%	-162.0%	-130.6%	25.7%	-51.3%	-97.0%	-73.8%	-44.2%	-135.5%
Quartile Rank
Percentile Rank	7%	11%	9%	10%	11%	16%	73%	31%	8%	9%	5%	18%

Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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