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Patterson-UTI Energy Sees Q4 Net Income Exceeding $100 Mln
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928 days ago

(RTTNews) - Providing an update on the fourth quarter results on Wednesday, oilfield services provider Patterson-UTI Energy, Inc. (PTEN) announced that it expects its net income for the fourth quarter of 2022 to exceed $100 million and its adjusted EBITDA for the fourth quarter of 2022 to surpass $230 million, based on current projections.
In aggregate, the Company has returned $74.3 million to shareholders in the fourth quarter through its regularly scheduled dividend and the purchase of approximately 3.3 million shares of its common stock for $57.2 million. The Company also repurchased $22.4 million of its long-term indebtedness during the fourth quarter.
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Rally May Stall For Taiwan Stock Market
The Taiwan stock market has finished higher in four straight sessions, collecting almost 770 points or 1.4 percent along the way. The Taiwan Stock Exchange now sits just above the 23,380-point plateau although it may spin its wheels on Monday.
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14 minutes ago
Singapore Shares Overdue For Consolidation
The Singapore stock market has moved higher in 10 straight sessions, improving more than 170 points or 4.3 percent along the way. The Straits Times Index now rests just beneath the 4,190-point plateau although it's likely to see profit taking on Monday.
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44 minutes ago
Malaysia Stock Market May Spin Its Wheels On Monday
The Malaysia stock market has moved higher in back-to-back sessions, collecting almost 15 points or 1 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau although investors may cash in on Monday.
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1h 14min ago
Thai Bourse May Slip Back Beneath 1,200 Points On Monday
The Thai stock market has tracked higher in two straight sessions, advancing almost 50 points or 4.1 percent along the way. The Stock Exchange of Thailand now sits just above the 1,205-point plateau although it may see a downward correction on Monday.
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1h 20min ago
KOSPI May Remain Stuck In Neutral On Monday
The South Korea stock market has moved lower in two of three days since the end of the two-day winning streak in which it had climbed almost 40 points or 1.2 percent. The KOSPI sits just beneath the 3,190-point plateau and it figures to remain in that neighborhood again on Monday.
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1h 44min ago
New Zealand Annual Inflation Climbs 2.7% In Q2
Consumer prices in New Zealand were up 2.7 percent on year in the second quarter of 2025, Statistics New Zealand said on Monday - up from 2.5 percent in the three months prior but shy of expectations for 2.8 percent.
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1h 49min ago
New Zealand Inflation Data Due On Monday
New Zealand will on Monday release Q2 figures for consumer prices, highlighting a light day for Asia-Pacific economic activity.
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2h 44min ago
Swiss Franc Rises Against Majors
The Swiss franc advanced against its major counterparts in the New York session on Friday.
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2 days ago