Patterson-UTI Earnings Reports

Patterson-UTI posted $1.2 billion in revenue for Q3 2025 with a net loss of $36 million. The company maintained stable activity levels across segments, with strong gross profit from drilling and completion services, although margin pressure and legacy legal costs weighed on earnings.

Patterson-UTI generated $1.2 billion in revenue for Q2 2025 but reported a net loss of $49 million due to a non-cash asset impairment related to its Colombian operations. The Drilling Services, Completion Services, and Drilling Products segments delivered steady operational performance, supported by technology adoption and high utilization rates. The company expects free cash flow to accelerate in the second half of 2025 and raised its technology-driven investments outlook.

Patterson-UTI Energy posted $1.3 billion in revenue and marginal net income in Q1 2025, reflecting balanced operational execution across segments, particularly in Drilling Services and Completion Services.

Patterson-UTI Energy reported a total revenue of $1.2 billion and a net loss attributable to common stockholders of $52 million, or $0.13 per share, for the fourth quarter of 2024. The company's Adjusted EBITDA for the quarter was $225 million.

Patterson-UTI Energy reported a total revenue of $1.4 billion for the third quarter of 2024. The company experienced a net loss attributable to common stockholders of $979 million, or $2.50 per share, which included an $885 million goodwill impairment, a $114 million asset retirement charge, and $7 million in merger and integration expenses. Adjusted net income attributable to common stockholders was $2 million, or $0.00 per share. Adjusted EBITDA was $275 million.

Patterson-UTI Energy reported a total revenue of $1.3 billion and a net income attributable to common stockholders of $11 million, or $0.03 per share, for the second quarter of 2024. The results include $11 million in merger and integration expenses. The company returned $164 million to shareholders during the quarter and confirmed its expectation to return at least $400 million in 2024.

Patterson-UTI Energy reported a strong first quarter with total revenue of $1.5 billion and net income attributable to common stockholders of $51 million, or $0.13 per share. The company achieved its annualized synergy target of $200 million from the NexTier merger and returned $130 million to shareholders. The near-term outlook for U.S. shale activity is cautious, but activity in oil basins remains steady.