PATTERSON-UTI ENERGY, INC., has reported financial results for the three and six months ended June 30, 2015. The Company reported a net loss of $19.0 million, or $0.13 per share, for the second quarter of 2015, compared to net income of $54.3 million, or $0.37 per share, for the quarter ended June 30, 2014. Revenues for the second quarter of 2015 were $473 million, compared to $757 million for the second quarter of 2014.
For the six months ended June 30, 2015 the Company reported a net loss of $9.9 million, or $0.07 per share, compared to net income of $89.1 million, or $0.61 per share, for the six months ended June 30, 2014. Revenues for the six months ended June 30, 2015, were $1.1 billion, compared to $1.4 billion for the same period in 2014.
The Company declared a quarterly dividend on its common stock of $0.10 per share, to be paid on September 24, 2015 to holders of record as of September 10, 2015.
View the full earnings release here.