Patterson-Uti Energy Inc Stock Price, News & Analysis

Patterson-UTI Energy (NASDAQ:PTEN) reported operational rig counts for September 2025. For the month of September 2025, the company averaged 93 drilling rigs operating in the United States. For the three months ended September 30, 2025, the quarterly average was 95 drilling rigs in the United States.

The release clarifies that "average drilling rigs operating" equals rigs earning revenue under a drilling contract and cautions that rig counts alone may not predict financial results. Patterson-UTI will continue to provide monthly rig operating updates shortly after each month-end.

Patterson-UTI Energy (NASDAQ:PTEN) announced that board member Leslie Beyer has resigned from her position following her confirmation by the U.S. Senate as the Assistant Secretary for Land and Minerals Management at the U.S. Department of the Interior.

Beyer, who joined Patterson-UTI's board in September 2023, was praised by CEO Andy Hendricks for her contributions to the company and industry. Hendricks highlighted her role in shaping policy and supporting the energy workforce throughout her career.

Patterson-UTI Energy (NASDAQ:PTEN) has released its drilling activity report for August 2025. The company operated an average of 94 drilling rigs in the United States during August, showing a slight decrease from the two-month average of 96 rigs for July-August 2025.

The company emphasizes that drilling rig counts are just one of many factors affecting overall financial performance, and monthly trends in rig operations may not directly correlate with financial results. Patterson-UTI will continue to provide monthly updates on its drilling operations.

Patterson-UTI Energy (NASDAQ:PTEN) reported its drilling activity for July 2025, maintaining an average of 98 drilling rigs operating in the United States. These rigs were actively generating revenue under drilling contracts during the period.

The company emphasized that drilling rig count is just one of many factors affecting operational performance, and trends in rig count may not directly correlate with financial results. Patterson-UTI will continue to provide monthly updates on its drilling rig operations.

Patterson-UTI Energy (NASDAQ:PTEN) reported Q2 2025 financial results with total revenue of $1.2 billion and a net loss of $49 million, which included a $28 million non-cash asset impairment from Colombian operations. The company achieved Adjusted EBITDA of $231 million and returned $46 million to shareholders through dividends and buybacks.

Key operational highlights include 9,465 U.S. Contract Drilling operating days with an average of 104 rigs working in Q2. The Completion Services segment generated $719 million in revenue, while Drilling Products contributed $88 million. The company maintains $312 million in future dayrate drilling revenue from term contracts and expects to operate an average of 48 rigs under term contracts in Q3 2025.

Looking ahead, Patterson-UTI anticipates Q3 2025 rig count in the mid-90s and projects capital expenditures below $600 million for 2025. The company continues to invest in drilling automation technologies and digital solutions while maintaining strong liquidity.

Patterson-UTI Energy (NASDAQ:PTEN) has released its drilling activity report for June 2025. The company operated an average of 101 drilling rigs in the United States during June, showing a slight decrease from the three-month average of 104 rigs for the quarter ended June 30, 2025.

The company emphasizes that drilling rig counts are just one of many factors affecting financial performance, and monthly trends may not directly correlate with overall business results. Patterson-UTI will continue providing monthly updates on its drilling operations.

Patterson-UTI Energy (NASDAQ:PTEN), a leading provider of drilling and completion services, has scheduled its Q2 2025 earnings conference call for Thursday, July 24, 2025, at 9:00 a.m. Central Time. The call will review results for the quarter ended June 30, 2025.

Investors can join via phone using the dial-in numbers (800) 715-9871 for North America or (646) 307-1963 for international calls, with Conference ID 5625191. A webcast will be available through the Investors section of Patterson-UTI's website, and a replay will remain accessible for two weeks following the call.

Patterson-UTI Energy reported its drilling activity metrics for May 2025, revealing an average of 103 drilling rigs operating in the United States. This represents a slight decrease from the two-month average of 106 rigs for the period ending May 31, 2025. The company emphasizes that drilling rig counts are just one of many factors affecting operational performance and financial results. Patterson-UTI plans to continue providing monthly updates on its drilling rig operations.

Patterson-UTI Energy (NASDAQ:PTEN) has reported its drilling activity for April 2025, maintaining an average of 108 drilling rigs operating in the United States. The company emphasizes that this metric represents only the average number of drilling rigs actively earning revenue under drilling contracts. While PTEN will continue providing monthly updates on operational rigs, they caution that multiple factors beyond rig count influence their financial performance, and rig count trends may not directly correlate with the company's financial results.