Patterson-UTI Energy (PTEN) Tops Q1 EPS by 2c
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Patterson-UTI Energy Reports Financial Results for Three Months Ended March 31, 2017
April 27, 2017 6:00 AM EDTHOUSTON, April 27, 2017 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three months ended March 31, 2017.  As previously announced, Patterson-UTI completed the merger with Seventy Seven Energy on April 20, 2017. All reported financial results for Patterson-UTI for the first quarter of 2017 are on a standalone basis.
The Company reported a net loss of $63.5 million, or $0.40 per share, for the first quarter of 2017, compared to a net loss of $70.5 million, or $0.48 per share, for the quarter ended March 31, 2016. Â Revenues for the first quarter of 2017 were $305 million, compared to... More
