04:38 AM EDT, 05/02/2024 (MT Newswires) -- Petterson-UTI Energy (PTEN) reported Q1 net income Wednesday of $0.13 per diluted share, down from $0.46 a year earlier.

Analysts polled by Capital IQ expected $0.13.

Revenue for the quarter ended March 31 was $1.51 billion, up from $791.8 million a year earlier.

Analysts surveyed by Capital IQ expected $1.52 billion.

Shares of the shale energy company rose 4% in Wednesday's after-hours activity.

Price: 10.92, Change: +0.42, Percent Change: +4.00