Welcome to our dedicated page for Patterson-Uti Energy news (Ticker: PTEN), a resource for investors and traders seeking the latest updates and insights on Patterson-Uti Energy stock.
Patterson-UTI Energy Inc. reports developments tied to drilling and completion services for oil and natural gas exploration and production companies. Recurring updates cover U.S. drilling rigs earning revenue under contract, quarterly financial results, segment performance in Drilling Services and Completion Services, and market conditions affecting U.S. land drilling and hydraulic fracturing activity.
The company also reports developments involving contract drilling, directional drilling, integrated well completion services, specialized drill bit solutions, and selected international activity. News may include customer agreements, fleet utilization commentary, technology and equipment investments, conference call notices, dividends, and operating trends across U.S. and other selected markets.
Patterson-UTI (NASDAQ:PTEN) reported an average of 88 drilling rigs operating in the United States during April 2026. The figure represents rigs that were earning revenue under U.S. drilling contracts. The company cautioned that rig counts alone may not indicate trends in financial performance and will continue monthly updates.
Patterson-UTI Energy (NASDAQ:PTEN) reported Q1 2026 results: Total revenue $1.1 billion, net loss $25 million, and Adjusted EBITDA $205 million. The company declared a quarterly dividend of $0.10 per share, payable June 15, 2026.
Segment highlights: Drilling Services revenue $352 million (8,301 U.S. operating days, average 92 rigs); Completion Services revenue $680 million with high utilization despite ~5 days of winter-storm downtime; Drilling Products revenue $80 million with 10–15% exposure to the Middle East. Second-quarter outlook provides segment adjusted gross profit and expense guidance.
Patterson-UTI Energy (NASDAQ:PTEN) will host a conference call on Thursday, April 23, 2026 at 9:00 a.m. Central Time to discuss results for the first quarter ended March 31, 2026.
Participants may join by North America dial-in, international dial-in, or live webcast via the Investors section at investor.patenergy.com; a replay will be available on the website for two weeks.
Patterson-UTI Energy (NASDAQ:PTEN) reported operational rig counts for March 2026. The company averaged 90 drilling rigs operating in the United States for March 2026 and averaged 92 drilling rigs for the three months ended March 31, 2026.
The announcement clarifies that "average drilling rigs operating" reflects rigs earning revenue under U.S. drilling contracts and cautions that rig counts alone may not indicate trends in financial results. The company said it will continue monthly updates shortly after each month-end.
Patterson-UTI Energy (NASDAQ:PTEN) reported operating averages for drilling rigs in February 2026. The company said it averaged 93 drilling rigs operating in the United States for February and 94 drilling rigs on average for the two months ended February 28, 2026.
The announcement clarifies that these averages represent rigs earning revenue under U.S. drilling contracts and warns that rig counts alone may not predict financial results. The company plans to continue providing monthly rig count updates after each month-end.
Patterson-UTI Energy (NASDAQ:PTEN) reported an average of 94 drilling rigs operating in the United States for January 2026. The figure reflects rigs earning revenue under U.S. drilling contracts.
The company cautioned that rig counts alone do not determine operating results and will continue monthly updates after each month ends.
Patterson-UTI Energy (NASDAQ:PTEN) reported Q4 2025 revenue of $1.2 billion, net loss attributable to common stockholders of $9 million, and adjusted EBITDA of $221 million. Full-year 2025 cash from operations was $961 million with adjusted free cash flow of $416 million. The company raised its quarterly dividend 25% to $0.10 per share, payable March 16, 2026. Segment highlights: Drilling Services revenue $361M (8,596 U.S. operating days, avg 93 rigs), Completion Services revenue $702M with adjusted gross profit $111M, and Drilling Products revenue $84M. Full-year 2026 capex expected $500 million net of asset sales.
Patterson-UTI (NASDAQ:PTEN) signed a multi-year agreement to lease two APEX 1500 drilling rigs to DLS Archer Ltd. S.A., a division of Archer Ltd., to support operations in Argentina's Vaca Muerta basin.
The rigs will be supplied from Patterson-UTI's existing U.S. fleet, with Archer covering all preparation, upgrade and mobilization costs. The rigs will support Archer's seven-rig contract with YPF announced in December 2025 and are expected to commence operations by mid-2026. Management framed the deal as an international expansion that complements Patterson-UTI's drilling products presence in Argentina, including Ulterra drill bits.
Patterson-UTI Energy (NASDAQ:PTEN) will host a fourth quarter 2025 earnings conference call and webcast on Thursday, February 5, 2026 at 9:00 a.m. Central Time to discuss results for the quarter ended December 31, 2025.
Participants may dial (800) 715-9871 (North America) or (646) 307-1963 (International) and use Conference ID 5526772. The call will be webcast via the Investors section at investor.patenergy.com, and a replay will be available on the company's website for two weeks following the call.
Patterson-UTI Energy (NASDAQ:PTEN) reported an average of 93 drilling rigs operating in the United States for December 2025 and for the three months ended December 31, 2025.
The company defines average drilling rigs operating as rigs earning revenue under a drilling contract in the United States and warns that rig counts are one of many factors that can affect operating results.
Patterson-UTI said it intends to continue providing monthly updates on drilling rigs operating shortly after each month-end.