Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Shares Will Pay Quarterly Dividend of $0.10

Posted by George Bondi on Oct 29th, 2026

Patterson-UTI Energy, Inc. (NASDAQ:PTEN – Get Free Report) declared a quarterly dividend on Wednesday, October 28th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.10 per share by the oil and gas company on Tuesday, December 15th. This represents a $0.40 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Tuesday, December 1st.

Patterson-UTI Energy has raised its dividend by an average of 0.3% per year over the last three years. Patterson-UTI Energy has a payout ratio of -800.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Patterson-UTI Energy to earn $0.31 per share next year, which means the company may not be able to cover its $0.40 annual dividend with an expected future payout ratio of 129.0%.

Patterson-UTI Energy Price Performance

NASDAQ PTEN opened at $12.60 on Thursday. The company has a quick ratio of 1.57, a current ratio of 1.75 and a debt-to-equity ratio of 0.40. Patterson-UTI Energy has a 12-month low of $5.24 and a 12-month high of $13.39. The company has a market capitalization of $4.81 billion, a PE ratio of -54.78 and a beta of 0.77. The firm’s 50 day moving average is $11.85 and its 200-day moving average is $10.45.

Patterson-UTI Energy (NASDAQ:PTEN – Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The oil and gas company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Patterson-UTI Energy had a negative net margin of 1.92% and a negative return on equity of 1.68%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.31 billion. Equities research analysts anticipate that Patterson-UTI Energy will post 0.01 earnings per share for the current fiscal year.

Patterson-UTI Energy Company Profile

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Patterson-UTI Energy, Inc is an oilfield services company that provides drilling, completion and production-related services to oil and natural gas exploration and production companies. Its operations are primarily focused on onshore oil and gas development in the United States.

The company provides contract land drilling services through a fleet of rigs, as well as directional drilling and related technologies used to guide wellbores. Patterson-UTI also offers pressure pumping and hydraulic fracturing, wireline, well-completion, equipment rental and other services that support the development and maintenance of unconventional wells.

Patterson-UTI expanded its completion-services business through its 2023 merger with NexTier Oilfield Solutions.