Patterson-UTI Energy (PTEN) Misses Q4 EPS by 2c, Revenues Beat
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Patterson-UTI Energy Reports Financial Results for the Three Months and Year Ended December 31, 2019
February 6, 2020 6:00 AM ESTHOUSTON, Feb. 6, 2020 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three months and year ended December 31, 2019. The Company reported a net loss of $85.9 million, or $0.44 per share, for the fourth quarter of 2019, compared to a net loss of $201 million, or $0.93 per share, for the fourth quarter of 2018. Revenues for the fourth quarter of 2019 were $492 million, compared to $796 million for the fourth quarter of 2018.
For the year ended December 31, 2019, the Company reported a net loss of $426 million, or $2.10 per share, compared to a net loss of $321... More
