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Patterson-UTI Energy: Q2 Earnings Insights

Patterson-UTI Energy (NASDAQ:PTEN) reported its Q2 earnings results on Wednesday, July 27, 2022 at 04:55 PM. Here's what investors need to know about the announcement.

Benzinga · 07/27/2022 18:11

Patterson-UTI Energy (NASDAQ:PTEN) reported its Q2 earnings results on Wednesday, July 27, 2022 at 04:55 PM.

Here's what investors need to know about the announcement.

Earnings

Patterson-UTI Energy beat estimated earnings by 225.0%, reporting an EPS of $0.05 versus an estimate of $-0.04.

Revenue was up $330.46 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.08 which was followed by a 7.46% increase in the share price the next day.

Here's a look at Patterson-UTI Energy's past performance:

Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate -0.21 -0.35 -0.44 -0.52
EPS Actual -0.13 -0.38 -0.44 -0.54
Revenue Estimate 510.67M 435.89M 352.18M 292.89M
Revenue Actual 509.38M 466.49M 357.88M 291.77M

To track all earnings releases for Patterson-UTI Energy VISIT THEIR EARNINGS CALENDAR HERE.

This article was generated by Benzinga's automated content engine and reviewed by an editor.