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Patterson-UTI 1Q15: Revenue Down a Little, Earnings Down a Lot | Marcellus Drilling News
Patterson-UTI Energy, one of the companies that owns and operates drilling rigs in the Marcellus/Utica, filed their first quarter 2015 financial results today. Revenue was down just 3% year over year--$678 million for 1Q15 vs $658 million for 1Q14. But earnings--the money you keep after all expenses--took a dive right off a cliff. In 1Q15