/PRNewswire/ PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three months ended March 31, 2021. The Company reported a.
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HOUSTON, Feb. 4, 2021 /PRNewswire/
PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three months and year ended December 31, 2020. The Company reported a net loss of $107 million, or $0.57 per share, for the fourth quarter of 2020, compared to a net loss of $85.9 million, or $0.44 per share, for the fourth quarter of 2019. Revenues for the fourth quarter of 2020 were $221 million, compared to $492 million for the fourth quarter of 2019.
For the year ended December 31, 2020, the Company reported a net loss of $804 million, or $4.27 per share, compared to a net loss of $426 million, or $2.10 per share, for the year ended December 31, 2019. Revenues for the year ended December 31, 2020 were $1.1 billion, compared to $2.5 billion for 2019.