Patterson-UTI Energy Inc (NAS:PTEN)
$ 8.46 0.12 (1.44%) Market Cap: 3.30 Bil Enterprise Value: 4.50 Bil PE Ratio: 0 PB Ratio: 0.93 GF Score: 52/100
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Patterson-UTI Energy Inc at Goldman Sachs Energy Conference Transcript

Jan 05, 2023 / 03:20PM GMT
Release Date Price: $16.71 (+2.52%)
Unidentified Analyst

All right. Good morning, everyone, and thank you for joining us for this oil services panel on the outlook of activity and pricing in U.S. land services. We've got John Lindsay, CEO of Helmerich & Payne; Chris Wright, CEO at Liberty; Robert Drummond, CEO at NexTier Oilfield Services; and Andy Hendricks, CEO at Patterson-UTI. Thank you for taking the time to talk to us.

Questions & Answers

Unidentified Analyst

John, I'd like to start with you. H&P is up 80% in 2022 over the last 12 months. But really, everyone, NexTier is up 118%; Liberty is up 40%; Patterson, 72%. 2022 has been a rate of change story. But how do you think about 2023? First of all, how is 4Q looking? And Andy, I know you had a press release, so would allow for you to talk about it. What should investors expect from 2023? And what are you most focused on? John, maybe you start.

John W. Lindsay
Helmerich & Payne, Inc. - President, CEO & Director

Well, again, thank you for having us. Yes, 2022 was a great year,

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