Patterson-UTI Energy Inc (PTEN) Financials
Key financial figures for Patterson-UTI Energy Inc (Q2 2026).
Patterson-UTI Energy reported Q2 2026 revenue of $1,227,967 thousand (about $1.23 billion), roughly flat year over year, with adjusted EBITDA of $231,886 thousand and a GAAP net loss attributable to common stockholders of $19,602 thousand ($0.05 diluted loss per share), including non-cash charges tied to exiting Colombia drilling operations and a noncontrolling investment write-down. Q2 2026 revenue was $1,227,967 thousand (about $1.23 billion), up about 0.7% from $1,219,320 thousand in Q2 2025. Adjusted EBITDA rose to $231,886 thousand from $226,631 thousand a year earlier, a 2.3% increase. GAAP net loss attributable to common stockholders narrowed to $19,602 thousand ($0.05 diluted loss per share) from $49,144 thousand ($0.13 per share) in Q2 2025; adjusted net income was $564 thousand after excluding a $20,011 thousand non-cash charge tied to exiting Colombia drilling operations and a $4,520 thousand non-cash write down of other noncontrolling investments. On the outlook: For Q3 2026, management guided to an average U.S. rig count of approximately 100, adjusted gross profit of approximately $145 million for Drilling Services, approximately $140 million for Completion Services, and approximately $40 million for Drilling Products, with full-year 2026 capital expenditures of approximately $600 million. Figures are for Q2 2026, as Patterson-UTI Energy, Inc. reported them.
- Revenue
- $1.2B
- Net Income
- -$19M
- EPS
- $-0.05
- Total Assets
- $5.4B
- Operating Cash Flow
- $56M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| 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 |
| Q2 FY2025 | $1.2B | -$49M | -$0.13 | -2.42% | -$4M |
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 $1.23 billion for Q2 FY2026, up 0.7% from the same period a year earlier.
Is Patterson-UTI Energy, Inc. profitable?
Not in its most recent reported period. Patterson-UTI Energy, Inc. reported a net loss of $19.6 million for Q2 FY2026, a net margin of -1.6% on revenue.
How has Patterson-UTI Energy, Inc.'s margin trended?
Operating margin was -0.57% in Q2 FY2026, compared with -2.42% 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 -$99.8 million in Q2 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.