
Patterson-UTI Energy Inc
PTENPatterson-UTI Energy Inc (PTEN) is a leading provider of oil and natural gas well construction services in the United States. Founded in 2000, the company primarily offers drilling, well servicing, and related services to exploration and production companies, supporting onshore oil and natural gas development projects. Known for its fleet of drilling rigs and focus on technological innovation, Patterson-UTI plays a significant role in the energy sector's exploration and production efforts.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| June 15, 2026 | $0.10 | 2026-06-01 | 2026-06-01 |
| March 16, 2026 | $0.10 | 2026-03-02 | 2026-03-02 |
| December 15, 2025 | $0.08 | 2025-12-01 | 2025-12-01 |
| September 15, 2025 | $0.08 | 2025-09-02 | 2025-09-02 |
| June 16, 2025 | $0.08 | 2025-06-02 | 2025-06-02 |
Dividends Summary
- Consistent Payer: Patterson-UTI Energy Inc has rewarded shareholders with 89 dividend payments over the past 22 years.
- Total Returned Value: Investors who held PTEN shares during this period received a total of $5.44 per share in dividend income.
- Latest Payout: The most recent dividend of $0.10/share was paid 33 days ago, on June 15, 2026.
- Yield & Schedule: PTEN currently pays dividends quarterly with an annual yield of 3.59%.
- Dividend Growth: Since 2004, the dividend payout has grown by 150.0%, from $0.04 to $0.10.
- Dividend Reliability: PTEN has maintained or increased its dividend for 25 consecutive payments.
Company News
The article compares two energy services companies: Helmerich & Payne, a land-based drilling specialist, and Noble Corp., an offshore drilling contractor. While both companies benefit from strong U.S. energy markets, Helmerich & Payne is recommended as the better 2026 investment due to its 67% U.S. revenue exposure, lower valuation multiples (P/E...
Patterson-UTI Energy director Jaime Cesar sold 10,000 shares (11.43% of his direct holdings) for approximately $123,000 on May 5, 2026. However, he retained $961,000 worth of stock, suggesting confidence in the company. The article characterizes this as a routine trim rather than a significant exit signal, noting it was a deliberate open-market t...
Rising geopolitical tensions in the Middle East have driven crude oil prices near $100 per barrel, creating favorable conditions for energy stocks. The article highlights three undervalued mid-cap energy companies positioned to benefit from higher oil prices and increased exploration activity.
Schlumberger, ADNOC Drilling, and Patterson-UTI have formed a joint venture to accelerate the UAE's unconventional oil and gas program, with a target of completing 144 wells by 2025.
Patterson-UTI Energy reported lower Q2 2024 earnings compared to the prior year due to weaker performance in its Drilling Services segment. The company's Completion Services segment saw strong revenue growth, but missed expectations. Patterson-UTI Energy returned $164 million to shareholders in Q2 and has $819 million remaining in its share repur...








