Patterson-UTI Energy Q4 Earnings Beat Expectations, Raises Dividend 25% to 10 Cents per Share

Patterson-UTI Energy reported a Q4 loss of 2 cents per share, narrower than the Zacks Consensus Estimate of an 11-cent loss. Total revenues of $1.2 billion beat the Zacks Consensus Estimate by 5%, driven by higher-than-expected revenues from Completion Services. The company's board raised the quarterly dividend by 25% to 10 cents per share.