What is Patterson-UTI Energy's backlog?

Patterson-UTI Energy reported $424M of remaining performance obligations at 30 Sep 2026, up 66% from a year earlier and up 16% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 1.04.

Patterson-UTI Energy (PTEN) backlog: remaining performance obligations

How much revenue Patterson-UTI Energy already has under contract, how fast it converts, and who it is with.

Data as of 7 Nov 2026.

Open the interactive Backlog view Patterson-UTI Energy competitor analysis

Patterson-UTI Energy reported $424M of remaining performance obligations at 30 Sep 2026, up 66% from a year earlier and up 16% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 1.04.
Net new backlog added in the latest quarter: $59.0M.
Customer prepayments (contract liabilities) cover 0.8% of the backlog.
Twelve-month book-to-bill: 1.03, i.e. 1.03 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: +66 points — orders are running ahead of revenue.
By backlog size it ranks 326th among US filers the cockpit tracks.

Patterson-UTI Energy backlog history

Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).

Amounts in USD. Source: SEC XBRL filings.
Quarter end	Backlog (RPO)	TTM revenue	Coverage	Customer prepayments
30 Sep 2026	$424M	$4.84B	0.1 yrs	$3.40M
30 Jun 2026	$365M	$4.67B	0.1 yrs	$9.90M
31 Mar 2026	$260M	$4.66B	0.1 yrs	$20.5M
31 Dec 2025	$291M	$4.83B	0.1 yrs	$79.5M
30 Sep 2025	$256M	$4.84B	0.1 yrs	$3.90M
30 Jun 2025	$312M	$5.02B	0.1 yrs	$4.80M
31 Mar 2025	$407M	$5.15B	0.1 yrs	$14.4M
31 Dec 2024	$426M	$5.38B	0.1 yrs	$75.6M
30 Sep 2024	$401M	$5.80B	0.1 yrs	$13.3M
30 Jun 2024	$433M	$5.45B	0.1 yrs	$14.4M
31 Mar 2024	$527M	$4.87B	0.1 yrs	$23.8M
31 Dec 2023	$700M	$4.15B	0.2 yrs	$103M

Questions

What is Patterson-UTI Energy's backlog?: Patterson-UTI Energy reported $424M of remaining performance obligations at 30 Sep 2026, up 66% from a year earlier and up 16% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 1.04.

About these numbers

Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.