Patterson-UTI profit tumbles 38%

Profit plunge: Weather curtails Patterson-UTI Energy's bottom line

Onshore driller Patterson-UTI Energy reported net income of $34.8 million for the first quarter, down 38% compared to the same period last year as weather impacted operations.


Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?