Patterson-UTI Energy Management
Management criteria checks 3/4
Patterson-UTI Energy's CEO is Andy Hendricks, appointed in Oct 2012, has a tenure of 12.33 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 $12.03M. The average tenure of the management team and the board of directors is 4.1 years and 2.8 years respectively.
Key information
Andy Hendricks
Chief executive officer
US$8.3m
Total compensation
| CEO salary percentage | 12.1% |
| CEO tenure | 12.3yrs |
| CEO ownership | 0.4% |
| Management average tenure | 4.1yrs |
| Board average tenure | 2.8yrs |
Recent management updates
Recent updates
Investor Optimism Abounds Patterson-UTI Energy, Inc. (NASDAQ:PTEN) But Growth Is Lacking
Jan 15
Patterson-UTI: Cheap Despite Leading Yield And Buyback And Power Segment Potential
Dec 20Why I'm Downranking Patterson-UTI To Hold
Dec 05Patterson-UTI Energy's (NASDAQ:PTEN) Dividend Will Be $0.08
Oct 29Patterson-UTI: Prioritizing Free Cash Flow And Shareholder Returns
Oct 28Is Patterson-UTI Energy (NASDAQ:PTEN) A Risky Investment?
Oct 15With Patterson-UTI Energy, Inc. (NASDAQ:PTEN) It Looks Like You'll Get What You Pay For
Sep 18Patterson-UTI Energy (NASDAQ:PTEN) Will Pay A Dividend Of $0.08
Aug 21Patterson-UTI: If We Don't Get Recession Soon, Oil/Gas Could Soar
Aug 09Patterson-UTI Energy, Inc. Just Missed EPS By 59%: Here's What Analysts Think Will Happen Next
Aug 01Does Patterson-UTI Energy (NASDAQ:PTEN) Have A Healthy Balance Sheet?
Jun 22Patterson-UTI Energy's (NASDAQ:PTEN) Dividend Will Be $0.08
May 23Patterson-UTI: The Worm Has Turned In Gas
May 22Patterson-UTI Energy (NASDAQ:PTEN) Will Pay A Dividend Of $0.08
May 07Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
May 03Patterson-UTI Energy, Inc.'s (NASDAQ:PTEN) Business Is Trailing The Market But Its Shares Aren't
Apr 25Are Investors Undervaluing Patterson-UTI Energy, Inc. (NASDAQ:PTEN) By 42%?
Mar 08Patterson-UTI Grows With NexTier Merger
Jan 15Investors Continue Waiting On Sidelines For Patterson-UTI Energy, Inc. (NASDAQ:PTEN)
Jan 03Here's Why Patterson-UTI Energy (NASDAQ:PTEN) Can Manage Its Debt Responsibly
Dec 13Additional Considerations Required While Assessing Patterson-UTI Energy's (NASDAQ:PTEN) Strong Earnings
Nov 16Are Investors Undervaluing Patterson-UTI Energy, Inc. (NASDAQ:PTEN) By 40%?
Nov 05Growth Investors: Industry Analysts Just Upgraded Their Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Revenue Forecasts By 36%
Sep 08These 4 Measures Indicate That Patterson-UTI Energy (NASDAQ:PTEN) Is Using Debt Reasonably Well
Aug 22An Intrinsic Calculation For Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Suggests It's 27% Undervalued
Aug 01Is Patterson-UTI Energy (NASDAQ:PTEN) Using Too Much Debt?
May 05CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$854m |
| Jun 30 2024 | n/a | n/a | US$124m |
| Mar 31 2024 | n/a | n/a | US$198m |
| Dec 31 2023 | US$8m | US$1m | US$246m |
| Sep 30 2023 | n/a | n/a | US$284m |
| Jun 30 2023 | n/a | n/a | US$346m |
| Mar 31 2023 | n/a | n/a | US$283m |
| Dec 31 2022 | US$11m | US$1m | US$155m |
| Sep 30 2022 | n/a | n/a | -US$310m |
| Jun 30 2022 | n/a | n/a | -US$454m |
| Mar 31 2022 | n/a | n/a | -US$579m |
| Dec 31 2021 | US$8m | US$1m | -US$657m |
| Sep 30 2021 | n/a | n/a | -US$399m |
| Jun 30 2021 | n/a | n/a | -US$428m |
| Mar 31 2021 | n/a | n/a | -US$475m |
| Dec 31 2020 | US$4m | US$1m | -US$804m |
| Sep 30 2020 | n/a | n/a | -US$783m |
| Jun 30 2020 | n/a | n/a | -US$933m |
| Mar 31 2020 | n/a | n/a | -US$832m |
| Dec 31 2019 | US$9m | US$1m | -US$426m |
| Sep 30 2019 | n/a | n/a | -US$541m |
| Jun 30 2019 | n/a | n/a | -US$354m |
| Mar 31 2019 | n/a | n/a | -US$316m |
| Dec 31 2018 | US$10m | US$1m | -US$321m |
Compensation vs Market: Andy's total compensation ($USD8.28M) is about average for companies of similar size in the US market ($USD6.64M).
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 12.3yrs | US$8.28m | 0.38% $ 12.0m | |
| Executive VP & CFO | 7.4yrs | US$3.14m | 0.12% $ 3.7m | |
| Senior VP | 15.5yrs | US$2.43m | 0.079% $ 2.5m | |
| Executive VP & Chief Commercial Officer | 21.8yrs | US$3.03m | 0.21% $ 6.7m | |
| Executive VP & Chief Business Officer | 1.4yrs | US$3.01m | 0.085% $ 2.7m | |
| Vice President of Investor Relations | no data | no data | no data | |
| Senior VP of Sales & Marketing | 2.1yrs | no data | no data | |
| Senior Vice President of Human Resources | 9.1yrs | no data | no data | |
| Senior Vice President of Industry Affairs | 2.1yrs | no data | no data | |
| Senior Vice President of Sustainability | 4.1yrs | no data | no data | |
| President of Patterson-UTI Drilling | 2.1yrs | no data | no data | |
| President of NexTier Completion Solutions | less than a year | no data | no data |
4.1yrs
Average Tenure
59yo
Average Age
Experienced Management: PTEN's management team is considered experienced (4.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.7yrs | US$8.28m | 0.38% $ 12.0m | |
| Independent Director | 2.8yrs | US$266.65k | 0.0097% $ 303.7k | |
| Independent Non-Executive Chairman | 23.8yrs | US$368.33k | 0.098% $ 3.1m | |
| Independent Director | 1.4yrs | US$31.67k | 0.036% $ 1.1m | |
| Independent Director | 10.5yrs | US$279.98k | 0.032% $ 994.8k | |
| Independent Director | 1.4yrs | US$31.67k | 0.0083% $ 261.8k | |
| Independent Director | 1.4yrs | US$33.33k | 0.038% $ 1.2m | |
| Independent Vice Chairman of the Board | 1.4yrs | US$2.32m | 0.58% $ 18.2m | |
| Independent Director | 6.8yrs | US$268.32k | 0.035% $ 1.1m | |
| Independent Independnt Director | 1.4yrs | US$28.33k | 0.0087% $ 273.8k | |
| Independent Director | 2.8yrs | US$259.55k | 0.0097% $ 303.7k |
2.8yrs
Average Tenure
63yo
Average Age
Experienced Board: PTEN's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/02 13:36 |
| End of Day Share Price | 2025/01/31 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
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.
| Analyst | Institution |
|---|---|
| Waqar Syed | ATB Capital Markets |
| Tim Monachello | ATB Capital Markets |
| Eddie Kim | Barclays |