Patterson-UTI Energy Inc
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Patterson-UTI Energy Inc (PTEN). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Completion Services | – | $523.8M 38.0% | $1.02B 38.6% · +95.2% | $2.02B 48.7% · +97.3% |
| Drilling Services | – | $805.3M 58.4% | $1.54B 58.3% · +91.8% | $1.92B 46.3% · +24.3% |
| Drilling Products | – | $0 0.0% | $0 0.0% | $134.7M 3.2% |
| Other | $45.7M 4.1% | $49.1M 3.6% · +7.6% | $80.4M 3.0% · +63.6% | $74.6M 1.8% · -7.2% |
| Directional Drilling | $73.4M 6.5% | – | – | – |
| Corporate Segment | – | – | – | – |
| Contract Drilling | $669.1M 59.5% | – | – | – |
| Pressure Pumping | $336.1M 29.9% | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Completion Services | – | -$118.9M -22.7% | – | – |
| Drilling Services | – | -$465.1M -57.7% | – | – |
| Drilling Products | – | $0 | – | -$6.5M -4.8% |
| Other | – | – | – | – |
| Directional Drilling | -$40.6M -55.4% | – | – | – |
| Corporate Segment | -$94.3M | -$92.2M | -$86.7M | -$205.8M |
| Contract Drilling | – | – | – | – |
| Pressure Pumping | – | – | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| U.S | $1.12B 100.0% | $1.34B 98.8% · +19.3% | $2.58B 97.4% · +92.2% | $4.06B 97.8% · +57.4% | $5.25B 97.6% · +29.4% | $4.69B 97.2% · -10.7% |
| Other Countries | – | – | – | $28.2M 0.7% | $83.0M 1.5% · +194.9% | $75.1M 1.6% · -9.5% |
| Canada | – | – | – | $12.5M 0.3% | $33.5M 0.6% · +168.1% | $34.7M 0.7% · +3.7% |
| Colombia | $0 0.0% | $15.8M 1.2% | $70.1M 2.6% · +345.2% | $48.6M 1.2% · -30.7% | $12.2M 0.2% · -74.8% | $27.6M 0.6% · +125.4% |
| International | – | $0 0.0% | $0 0.0% | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 14, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.