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Patterson-UTI Energy (Patterson-UTI Energy) 10-Year RORE % : 1.09% (As of Dec. 2023)


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What is Patterson-UTI Energy 10-Year RORE %?

Return on Retained Earnings (RORE) is an indicator of a company's growth potential, it shows how much a company earns by reinvesting its retained earnings, i.e. profits after dividend payments. Patterson-UTI Energy's 10-Year RORE % for the quarter that ended in Dec. 2023 was 1.09%.

The industry rank for Patterson-UTI Energy's 10-Year RORE % or its related term are showing as below:

PTEN's 10-Year RORE % is ranked better than
50.32% of 789 companies
in the Oil & Gas industry
Industry Median: 0.89 vs PTEN: 1.09

Patterson-UTI Energy 10-Year RORE % Historical Data

The historical data trend for Patterson-UTI Energy's 10-Year RORE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Patterson-UTI Energy 10-Year RORE % Chart

Patterson-UTI Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
10-Year RORE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 99.66 80.95 39.89 4.00 1.09

Patterson-UTI Energy Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
10-Year RORE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.00 -1.13 -2.62 -3.34 1.09

Competitive Comparison of Patterson-UTI Energy's 10-Year RORE %

For the Oil & Gas Drilling subindustry, Patterson-UTI Energy's 10-Year RORE %, along with its competitors' market caps and 10-Year RORE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Patterson-UTI Energy's 10-Year RORE % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Patterson-UTI Energy's 10-Year RORE % distribution charts can be found below:

* The bar in red indicates where Patterson-UTI Energy's 10-Year RORE % falls into.



Patterson-UTI Energy 10-Year RORE % Calculation

Patterson-UTI Energy's 10-Year RORE % for the quarter that ended in Dec. 2023 is calculated as:

10-Year RORE %=( Most Recent EPS (Diluted)- First Period EPS (Diluted) )/( Cumulative EPS (Diluted) for 10-year -Cumulative Dividends per Share for 10-year )
=( 0.95-1.11 )/( -12.66-2.04 )
=-0.16/-14.7
=1.09 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of 10-Year RORE %, the most recent and first period EPS (Diluted) is the trailing twelve months (TTM) data ended in Dec. 2023 and 10-year before.


Patterson-UTI Energy  (NAS:PTEN) 10-Year RORE % Explanation

Return on Retained Earnings (RORE) is important to investors because it reveals a company's efficiency and growth potential. A higher RORE indicates a higher return. A high RORE indicates that the company should reinvest profits into the business. A lower RORE suggests that the company should distribute profits to shareholders by paying out dividends, since those dollars aren't generating much additional growth for the company.

There are a several different ways to arrive at the Return on Retained Earnings. The simplest way to calculate it is by using published information on Earnings per Share (EPS) and Dividend per Share (DPS) over a selected period. Here, 10-year period is chosen.

Be Aware

Please keep in mind that the RORE is relative to the nature of the business and its competitors. If another company in the same sector is producing a lower return on retained earnings, it doesn’t necessarily mean it’s a bad investment. It may just suggest the company is older and no longer in a high growth stage. At such a stage in the business cycle, it would be expected to see a lower RORE and higher dividend payout.


Patterson-UTI Energy 10-Year RORE % Related Terms

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Patterson-UTI Energy (Patterson-UTI Energy) Business Description

Traded in Other Exchanges
Address
10713 West Sam Houston Parkway North, Suite 800, Houston, TX, USA, 77064
Patterson-UTI Energy is one of the largest land rig drilling contractors in the United States and maintains moderately sized pressure-pumping operations primarily in Texas and the Appalachian region, plus some modest operations in Colombia. It also provides directional drilling services and tool rental services in most U.S. onshore oil and gas basins.
Executives
Tiffany Thom Cepak director C/O PATTERSON-UTI ENERGY, INC., 10713 WEST SAM HOUSTON PARKWAY NORTH, SU, HOUSTON TX 77064
Charles Andrew Smith officer: EVP & Chief Financial Officer 13627 COMELY LANE, HOUSTON TX 77079
Seth David Wexler officer: GENERAL COUNSEL AND SECRETARY 450 GEARS ROAD, SUITE 500, HOUSTON TX 77067
James Carl Stewart director 1800 POST OAK BLVD., SUITE 450, HOUSTON TX 77056
James Michael Holcomb officer: President-Drilling Subsidiary 450 GEARS ROAD, SUITE 500, HOUSTON TX 77067
Amy H Nelson director 2000 POST OAK BLVD., SUITE 100, HOUSTON TX 77056
Drummond Robert Wayne Jr director 1301 MCKINNEY ST, STE 1800, HOUSTON TX 77010
Leslie Ann Beyer director C/O NATURAL GAS SERVICES GROUP., INC., 404 VETERANS AIRPARK LANE, SUITE 300, MIDLAND TX 79705
Gary M. Halverson director 1333 WEST LOOP SOUTH, SUITE 1700, HOUSTON TX 77027
Matthew Gillard officer: President-Completions 3990 ROGERDALE RD., HOUSTON TX 77042
Blackstone Management Associates Vii L.l.c. 10 percent owner C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154
Bcp Vii/bep Ii Holdings Manager L.l.c. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Energy Management Associates Ii L.l.c. 10 percent owner C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154
Bep Diamond Aggregator L.p. 10 percent owner C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Ema Ii L.l.c. 10 percent owner C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154