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 11.5 years. total yearly compensation is $8.28M, comprised of 12.1% salary and 87.9% bonuses, including company stock and options. directly owns 0.35% of the company’s shares, worth $16.33M. The average tenure of the management team and the board of directors is 3.3 years and 2 years respectively.
Key information
Andy Hendricks
Chief executive officer
US$8.3m
Total compensation
| CEO salary percentage | 12.1% |
| CEO tenure | 11.5yrs |
| CEO ownership | 0.3% |
| Management average tenure | 3.3yrs |
| Board average tenure | 2yrs |
Recent management updates
Recent updates
Are Investors Undervaluing Patterson-UTI Energy, Inc. (NASDAQ:PTEN) By 42%?
Mar 08
Patterson-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 05Patterson-UTI Energy's (NASDAQ:PTEN) Dividend Will Be Increased To $0.08
Nov 20Patterson-UTI Energy (NASDAQ:PTEN) Has Announced That It Will Be Increasing Its Dividend To $0.08
Nov 03Patterson-UTI Energy Is Likely To Greatly Benefit From OPEC's Decision But It Remains Risky
Oct 10Calculating The Intrinsic Value Of Patterson-UTI Energy, Inc. (NASDAQ:PTEN)
Oct 10We Think Patterson-UTI Energy (NASDAQ:PTEN) Has A Fair Chunk Of Debt
Sep 19Patterson-UTI Energy goes ex-dividend tomorrow
Aug 30Patterson-UTI Energy Q2 2022 Earnings Preview
Jul 27A Look At The Fair Value Of Patterson-UTI Energy, Inc. (NASDAQ:PTEN)
Jul 09Would Patterson-UTI Energy (NASDAQ:PTEN) Be Better Off With Less Debt?
May 18Is There An Opportunity With Patterson-UTI Energy, Inc.'s (NASDAQ:PTEN) 35% Undervaluation?
Mar 18CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 |
| Sep 30 2018 | n/a | n/a | US$75m |
| Jun 30 2018 | n/a | n/a | US$116m |
| Mar 31 2018 | n/a | n/a | US$35m |
| Dec 31 2017 | US$14m | US$854k | US$6m |
Compensation vs Market: Andy's total compensation ($USD8.28M) is about average for companies of similar size in the US market ($USD6.57M).
Compensation vs Earnings: Andy's compensation has been consistent with company performance over the past year.
CEO
Andy Hendricks (58 yo)
11.5yrs
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 | 11.5yrs | US$8.28m | 0.35% $ 16.3m | |
| Executive VP & CFO | 6.6yrs | US$3.14m | 0.083% $ 3.9m | |
| Senior VP | 14.7yrs | US$2.43m | 0.054% $ 2.5m | |
| Executive VP & Chief Commercial Officer | 21yrs | US$3.03m | 0.18% $ 8.4m | |
| Executive VP & Chief Business Officer | less than a year | US$3.01m | 0.064% $ 3.0m | |
| Vice President of Investor Relations | no data | no data | no data | |
| Senior VP of Sales & Marketing | 1.3yrs | no data | no data | |
| Senior Vice President of Human Resources | 8.3yrs | no data | no data | |
| Senior Vice President of Industry Affairs | 1.3yrs | no data | no data | |
| Senior Vice President of Sustainability | 3.3yrs | no data | no data | |
| President of Patterson-UTI Drilling | 1.3yrs | no data | no data | |
| President of NexTier Completion Solutions & Universal Pressure Pumping | less than a year | no data | 0.027% $ 1.3m |
3.3yrs
Average Tenure
55yo
Average Age
Experienced Management: PTEN's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 6.8yrs | US$8.28m | 0.35% $ 16.3m | |
| Independent Director | 2yrs | US$266.65k | 0.0053% $ 248.4k | |
| Independent Non-Executive Chairman | 22.9yrs | US$368.33k | 0.089% $ 4.1m | |
| Independent Director | less than a year | US$31.67k | 0.031% $ 1.5m | |
| Independent Director | 9.7yrs | US$279.98k | 0.027% $ 1.2m | |
| Independent Director | less than a year | US$31.67k | 0.024% $ 1.1m | |
| Independent Director | less than a year | US$33.33k | 0.032% $ 1.5m | |
| Independent Vice Chairman of the Board | less than a year | US$2.32m | 0.59% $ 27.7m | |
| Independent Director | 6yrs | US$268.32k | 0.030% $ 1.4m | |
| Independent Independnt Director | less than a year | US$28.33k | 0.0044% $ 205.8k | |
| Independent Director | 2yrs | US$259.55k | 0.0053% $ 248.4k |
2.0yrs
Average Tenure
62yo
Average Age
Experienced Board: PTEN's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.