Patterson-UTI Energy's Q2 earnings call drew nine analyst firms as CEO Hendricks and CFO Smith took questions. Financial results not detailed in opening remarks.
Patterson-UTI Energy (PTEN) held its second-quarter earnings call on July 30 with CEO Andy Hendricks and CFO Andy Smith fielding questions from at least nine sell-side analysts.
BofA Securities, Citigroup, Piper Sandler, Stifel, RBC Capital Markets, Raymond James, Goldman Sachs, Barclays and Morgan Stanley all had representatives on the line. The call opened with Vice President of Investor Relations Michael Sabella reminding participants that forward-looking statements in the discussion were subject to risks outlined in SEC filings, and that non-GAAP reconciliations would be posted on the company's website.
No financial results were disclosed in the opening remarks. The prepared remarks and Q&A portion were not included in the provided transcript excerpt, leaving the market to parse the full call recording for revenue, earnings and any guidance updates.
Patterson-UTI provides contract drilling and pressure pumping services to oil and gas producers in the U.S. The company's quarterly report and earnings release were issued prior to the call.
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