Patterson-UTI Energy, Inc.

DB:PE1 Stock Report

Market Cap: €3.2b

Patterson-UTI Energy Management

Management criteria checks 2/4

Patterson-UTI Energy's CEO is Andy Hendricks, appointed in Oct 2012, has a tenure of 12.25 years. total yearly compensation is $8.28M, comprised of 12.1% salary and 87.9% bonuses, including company stock and options. directly owns 0.38% of the company’s shares, worth €12.40M. The average tenure of the management team and the board of directors is 4 years and 2.8 years respectively.

Key information

Andy Hendricks

Chief executive officer

US$8.3m

Total compensation

CEO salary percentage12.1%
CEO tenure12.3yrs
CEO ownership0.4%
Management average tenure4yrs
Board average tenure2.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Andy Hendricks's remuneration changed compared to Patterson-UTI Energy's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-US$854m

Jun 30 2024n/an/a

US$124m

Mar 31 2024n/an/a

US$198m

Dec 31 2023US$8mUS$1m

US$246m

Sep 30 2023n/an/a

US$284m

Jun 30 2023n/an/a

US$346m

Mar 31 2023n/an/a

US$283m

Dec 31 2022US$11mUS$1m

US$155m

Sep 30 2022n/an/a

-US$310m

Jun 30 2022n/an/a

-US$454m

Mar 31 2022n/an/a

-US$579m

Dec 31 2021US$8mUS$1m

-US$657m

Sep 30 2021n/an/a

-US$399m

Jun 30 2021n/an/a

-US$428m

Mar 31 2021n/an/a

-US$475m

Dec 31 2020US$4mUS$1m

-US$804m

Sep 30 2020n/an/a

-US$783m

Jun 30 2020n/an/a

-US$933m

Mar 31 2020n/an/a

-US$832m

Dec 31 2019US$9mUS$1m

-US$426m

Sep 30 2019n/an/a

-US$541m

Jun 30 2019n/an/a

-US$354m

Mar 31 2019n/an/a

-US$316m

Dec 31 2018US$10mUS$1m

-US$321m

Compensation vs Market: Andy's total compensation ($USD8.28M) is above average for companies of similar size in the German market ($USD1.91M).

Compensation vs Earnings: Andy's compensation has been consistent with company performance over the past year.

CEO

Andy Hendricks (59 yo)

12.3yrs

Tenure

US$8,284,008

Compensation

Mr. William Andrew Hendricks, Jr., also known as Andy, has been Chief Executive Officer and President at Seventy Seven Energy Inc. since April 20, 2017. Mr. Hendricks has been the Chief Executive Officer a...

Leadership Team

NamePositionTenureCompensationOwnership
William Hendricks
President12.3yrsUS$8.28m0.38%
€ 12.4m
C. Smith
Executive VP & CFO7.3yrsUS$3.14m0.12%
€ 3.8m
Seth Wexler
Senior VP15.4yrsUS$2.43m0.079%
€ 2.6m
Kenneth Berns
Executive VP & Chief Commercial Officer21.8yrsUS$3.03m0.21%
€ 6.9m
James Holcomb
Executive VP & Chief Business Officer1.3yrsUS$3.01m0.085%
€ 2.8m
Michael Sabella
Vice President of Investor Relationsno datano datano data
Marty Unrein
Senior VP of Sales & Marketing2yrsno datano data
Diana Dotolo
Senior Vice President of Human Resources9yrsno datano data
Matt Pye
Senior Vice President of Industry Affairs2yrsno datano data
Kathryn Roark
Senior Vice President of Sustainability4yrsno datano data
Mike Garvin
President of Patterson-UTI Drilling2yrsno datano data
Tommy Balez
President of NexTier Completion Solutionsless than a yearno datano data

4.0yrs

Average Tenure

59yo

Average Age

Experienced Management: PE1's management team is considered experienced (4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
William Hendricks
President7.6yrsUS$8.28m0.38%
€ 12.4m
Julie Robertson
Independent Director2.8yrsUS$266.65k0.0055%
€ 178.4k
Curtis Huff
Independent Non-Executive Chairman23.7yrsUS$368.33k0.092%
€ 3.0m
Amy Nelson
Independent Director1.3yrsUS$31.67k0.032%
€ 1.0m
Tiffany Thom Cepak
Independent Director10.4yrsUS$279.98k0.027%
€ 890.5k
James Stewart
Independent Director1.3yrsUS$31.67k0.0042%
€ 134.9k
Gary Halverson
Independent Director1.3yrsUS$33.33k0.033%
€ 1.1m
Robert Drummond
Independent Vice Chairman of the Board1.3yrsUS$2.32m0.57%
€ 18.6m
Janeen Judah
Independent Director6.8yrsUS$268.32k0.031%
€ 1.0m
Leslie A. Beyer
Independent Independnt Director1.3yrsUS$28.33k0.0046%
€ 147.6k
Cesar Jaime
Independent Director2.8yrsUS$259.55k0.0055%
€ 178.4k

2.8yrs

Average Tenure

63yo

Average Age

Experienced Board: PE1's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/05 13:38
End of Day Share Price 2025/01/03 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

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Analyst Sources

Patterson-UTI Energy, Inc. is covered by 63 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Waqar SyedATB Capital Markets
Tim MonachelloATB Capital Markets
Eddie KimBarclays