Patterson-UTI Energy Inc (PTEN) Financials
Key financial figures for Patterson-UTI Energy Inc (Q3 2026).
Patterson-UTI Q3 2026 revenue rose 9% sequentially to $1.342B with Adjusted EBITDA of $263.9M and diluted EPS of $0.07, versus a $(0.05) loss in Q2. Revenue was $1.342B, up 9% from Q2 2026 ($1.228B) and up from $1.176B in Q3 2025; net income attributable to common stockholders was $28.4M, or $0.07 per diluted share, versus $(0.05) in Q2 2026 and $(0.10) in Q3 2025. The release carried no analyst estimates. Adjusted EBITDA was $263.9M versus $231.9M in Q2 2026 and $218.7M in Q3 2025. Operating income of $63.3M included a $22.1M gain on rigs sold, which the Adjusted EBITDA reconciliation excludes. Drilling Services: revenue $417M, adjusted gross profit $149M (Q2 2026: $114M), 9,249 U.S. On the outlook: For Q4 2026 management outlined an average of approximately 104 U.S. rigs (exiting 2026 above that level), Drilling Services adjusted gross profit of $150 million, Completion Services adjusted gross profit of $140 million, Drilling Products adjusted gross profit down 5-10% sequentially, Other adjusted gross profit steady, general and administrative expense of approximately $70 million, and depreciation, depletion, amortization and impairment expense of approximately $220 million. Figures are for Q3 2026, as Patterson-UTI Energy, Inc. reported them.
- Revenue
- $1.3B
- Net Income
- $28M
- EPS
- $0.07
- Total Assets
- $5.5B
- Operating Cash Flow
- $301M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $1.3B | $28M | $0.07 | 4.71% | $160M |
| Q2 FY2026 | $1.2B | -$20M | -$0.05 | -0.57% | -$100M |
| Q1 FY2026 | $1.1B | -$25M | -$0.06 | -1.28% | -$53M |
| Q4 FY2025 | $1.2B | -$9M | -$0.02 | -0.35% | $259M |
| Q3 FY2025 | $1.2B | -$36M | -$0.10 | -2.39% | $71M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $4.8B | -$94M | -$0.24 | -0.52% | $372M |
| FY2024 | $5.4B | -$968M | -$2.44 | -16.54% | $497M |
| FY2023 | $4.1B | $246M | $0.88 | 8.49% | $390M |
Frequently asked questions
What was Patterson-UTI Energy, Inc.'s revenue last quarter?
Patterson-UTI Energy, Inc. reported revenue of $1.34 billion for Q3 FY2026, up 14.1% from the same period a year earlier.
Is Patterson-UTI Energy, Inc. profitable?
Yes. Patterson-UTI Energy, Inc. reported net income of $28.4 million for Q3 FY2026, a net margin of 2.11% on revenue.
How has Patterson-UTI Energy, Inc.'s margin trended?
Operating margin was 4.71% in Q3 FY2026, compared with -2.39% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Patterson-UTI Energy, Inc. generate?
Patterson-UTI Energy, Inc. generated free cash flow of $159.6 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Patterson-UTI Energy Inc on SentiSense, with up to forty quarters and twenty fiscal years of history.