Earnings Call Summary | Patterson-UTI Energy(PTEN.US) Q1 2024 Earnings Conference
Earnings Call Summary | Patterson-UTI Energy(PTEN.US) Q1 2024 Earnings Conference
The following is a summary of the Patterson-UTI Energy, Inc. (PTEN) Q1 2024 Earnings Call Transcript:
以下是帕特森-UTI能源公司（PTEN）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Patterson-UTI reported a Q1 2024 total revenue of $1.510 billion.
The net income attributable to company shareholders was $51 million, roughly $0.13 per share.
Generated $139 million in free cash flow in Q1, returning $130 million to shareholders, including a $0.08 per share dividend and repurchasing 9 million shares of $98 million.
A $10 million gain in completion services was reported due to a legal agreement with a supplier.
The company is planning cash taxes in the range of $20 million to $30 million for 2024.
Patterson-UTI報告稱，2024年第一季度總收入爲15.10億美元。
歸屬於公司股東的淨收益爲5100萬美元，約合每股0.13美元。
第一季度創造了1.39億美元的自由現金流，向股東返還了1.3億美元，其中包括每股0.08美元的股息和回購9,800萬美元的900萬股股票。
據報道，由於與供應商簽訂了法律協議，完工服務收益爲1000萬美元。
該公司計劃在2024年徵收2000萬至3000萬美元的現金稅。
Business Progress:
業務進展：
The company is investing in technologies to enhance the efficiency of the U.S. shale model, like drilling rig control automation, natural gas-fueled frac technology using electric pumps, well placement analytics, and new drill bit design.
Their operational integration with next year is nearly complete, marking a significant progress for the company.
Increase in demand is expected in all basins starting later this year.
The company projects international growth, offsetting typical seasonality in Canada with the spring breakup.
Fleet renewal is in progress with the focus on various solutions like Tier four DGB, electric spreads tied to 100% natural gas generators, gas recip engines, and turbine Direct Drive Systems.
Forecast for a bottom for rig margins in Q2 or Q3, 2024 while expecting incremental growth in completion services in Q3, 2024.
No current plans for additional acquisitions, focusing on integrating past acquisitions and unlocking synergies.
Anticipating increased demand for natural gas with rising LNG exports going into 2025 and 2026, particularly from the Haynesville and Permian reserves.
The company plans to continue investing in new technologies within their CapEx budget over the next few years.
Patterson-UTI will continue returning a significant amount of cash to shareholders, aiming to return at least $400 million this year through dividends and share repurchases.
該公司正在投資提高美國頁岩模型效率的技術，例如鑽機控制自動化、使用電動泵的天然氣燃料壓裂技術、油井佈局分析和新的鑽頭設計。
他們與明年的運營整合已接近完成，這標誌着公司取得了重大進展。
預計從今年晚些時候開始，所有流域的需求都將增加。
該公司預計國際增長，春季解散將抵消加拿大的典型季節性。
機隊更新正在進行中，重點是各種解決方案，例如Tier Four DGB、與 100% 天然氣發電機相關的電價差、燃氣配方發動機和渦輪直驅系統。
預計鑽機利潤率將在2024年第二季度或第三季度觸底，同時預計完井服務將在2024年第三季度逐步增長。
目前沒有進行更多收購的計劃，重點是整合過去的收購和釋放協同效應。
預計到2025年和2026年，隨着液化天然氣出口的增加，對天然氣的需求將增加，尤其是來自海恩斯維爾和二疊紀儲量的出口。
該公司計劃在未來幾年繼續在其資本支出預算範圍內投資新技術。
Patterson-UTI將繼續向股東返還大量現金，目標是今年通過分紅和股票回購返還至少4億美元。
More details: Patterson-UTI Energy IR
更多詳情： Patterson-UTI 能量紅外
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。