Patterson-UTI Energy, Inc.

PTEN Energy Oil & Gas Drilling

Patterson-UTI Energy, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.8 billion, down 10.3% from fiscal 2024.

Revenue
+14.1%
EPS
+170.0%
Free cash flow
+169.6%
Total debt
+0.73%

Quarter to September 2026, against a year earlier

10.15 0.20 +2.01%
Market cap
$3.8B
P/E
0.0×
Fwd P/E
−444×
Dividend yield
3.78%
F-score
6/9
Altman Z
1.24
Beneish M
−3.31
Dividend safety
53/100

Patterson-UTI Energy, Inc. (PTEN) Debt to equity

Alert me on Debt to equity

Patterson-UTI Energy, Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 0.4×, up 0.0× from fiscal 2025 (0.4×). Over the past ten years it has ranged from 0.2× (fiscal 2017) to 0.5× (fiscal 2021); the current reading is higher than 73% of that period. That is below the Oil & Gas Drilling industry median of 0.6× and below the Energy sector median of 0.4×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.4× 6.92%
FY2024 0.4× 37.18%
FY2023 0.3× (48.34%)
FY2022 0.5× (5.99%)
FY2021 0.5× 18.49%
FY2020 0.5× 30.76%
FY2019 0.3× 7.92%
FY2018 0.3× 112.30%
FY2017 0.2× (43.48%)
FY2016 0.3× (19.92%)

Quarterly newest first

Period Debt to equity Change
Sep 2026 0.4× 0.96%
Jun 2026 0.4× 3.00%
Mar 2026 0.4× 1.53%
Dec 2025 0.4× 0.93%
43 more quarters

Against its own ten years

Low 0.2× High 0.5×
Ten-year median 0.3×
Current reading's percentile 73

Debt to equity against peers

Company Debt to equity
SDRL Seadrill Limited compare 0.3×
VAL Valaris Limited compare 0.3×
PTEN Patterson-UTI Energy, Inc. 0.4×
NE Noble Corporation PLC compare 0.4×
RIG Transocean Ltd. compare 0.6×
HP Helmerich & Payne, Inc. compare 0.7×
NBR Nabors Industries Ltd. compare 2.0×
SOC Sable Offshore Corp. compare 2.5×
BORR Borr Drilling Limited compare 2.6×
Oil & Gas Drilling industry median 0.6×
Energy sector median 0.4×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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