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Stock research / United States / PTEN · Drilling Oil & Gas Wells · Nasdaq

Patterson UTI Energy Inc. (PTEN)

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Patterson UTI Energy Inc. (PTEN) reported revenue of $1.2 billion for Q2 FY2026, the quarter ended 30 June 2026, up 0.7% on the same quarter a year earlier. Net income was -$20 million, and diluted earnings per share $-0.05. The figures are the company's own, from the 10-Q it filed with the SEC on 4 August 2026.

Revenue$1.2 billionup 0.7%
Net income-$20 million
Diluted EPS$-0.05
QuarterQ2 FY2026ended 30 June 2026

Patterson UTI Energy (PTEN) in brief

Patterson UTI Energy (PTEN) reported revenue of $4.8 billion for fiscal 2025, the year ended 31 December 2025, down 10.3% on the year before.
Read moreNet loss was $94 million and the diluted loss per share $0.24. Revenue was $5.4 billion in fiscal 2024, $4.1 billion in fiscal 2023, $2.6 billion in fiscal 2022 and $1.4 billion in fiscal 2021. Net income in the same years was a loss of $968 million, $246 million, $155 million and a loss of $655 million. Over the twelve months to 30 June 2026, Patterson UTI Energy reported revenue of $4.7 billion and net loss of $90 million. Revenue grew 33.8% a year, compounded, over the five years to fiscal 2025. Patterson UTI Energy declared $0.32 a share in dividends over the last four quarters and had 381 million shares outstanding at the latest filed count. At 30 June 2026 it carried $1.2 billion of debt and $201 million of cash. At the close of 9 October 2026 the market cap of Patterson UTI Energy was $4.3 billion.

Ratios

From the filings

ROE-2.9%
ROCE-1.1%
Operating margin-1.1%
Net margin-1.9%
FCF margin3.8%
Interest cover-0.68
Debt to equity0.40
Cash conversionn/a
Share count, 1 year-1.0%
Sales CAGR, 3 years22.2%
Profit CAGR, 3 yearsn/a
EPS, TTM-$0.23

At the close of 9 October 2026

Price$11.31
Market cap$4.3 billion
Stock P/En/a
Price to book1.39
EV / EBITDAn/a
Dividend yield2.8%
Market cap / sales0.92
52-week high$13.15
52-week low$5.37
Price, 1 year98.1%
Price CAGR, 3 years-5.1%
Price CAGR, 5 years4.5%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Debt to equity here stands on long-term debt as Patterson UTI Energy Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.
PTENgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on PTEN

Filings21 in twelve months: 11 current reports (8-K), about 6 other events; 5 results of operations; 3 regulation FD disclosure; 2 material agreement; 2 new financial obligation
Planned insider sales16 Form 144 notices in twelve months, $34.3 million; latest 18 September 2026
Options tapeput/call 0.12 by open interest at the 9 October 2026 close; the straddle prices a 5.7% move to 16 October 2026
13F holders8 of the followed funds hold it; largest Geode Capital Management; 5 Schedule 13D or 13G filings in twelve months
Insider trading18 sales and 0 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest30.7 million shares short, 3.60 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 5 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue1,0111,5841,5101,3481,3571,1621,2811,2191,1761,1511,1171,228
SG&A45.161.065.064.665.773.166.964.162.062.1n/an/a
Operating income9.711287.045.2-991-31.316.9-29.5-28.1-0.2-14.3-7.0
Operating margin1%7%6%3%-73%-3%1%-2%-2%-0%-1%-1%
Interest expense15.618.718.317.918.017.717.717.617.517.717.520.4
Pre-tax income-4.493.371.729.4-1,009-49.52.7-47.5-43.0-15.1-28.1-27.9
Tax raten/a34%28%60%n/an/a52%n/an/an/an/an/a
Net income0.162.051.211.1-979-51.61.0-49.1-36.4-9.1-24.6-19.6
Net margin0%4%3%1%-72%-4%0%-4%-3%-1%-2%-2%
Diluted EPS$0.00$0.15$0.13$0.03-$2.50-$0.13$0.00-$0.13-$0.10-$0.02-$0.06-$0.05
Operating cash flow15645336619829631620814021639863.956.1
Capital expenditure160205227131181140162144144139117156
Free cash flow-4.324713967.011617546.3-4.571.3259-52.8-99.8
Buybacks23.476.497.813239.720.520.315.633.60.20.39.1
Dividends paid33.233.332.631.831.231.230.930.730.530.338.038.1
Shares outstanding417m411m404m394m390m387m386m385m379m379m380m381m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014FY2015 †FY2016 †FY2017FY2018FY2019FY2020FY2021FY2022 †FY2023 †FY2024FY2025TTM
Revenue3,1821,8919162,3573,3272,4711,1241,3572,6484,1465,3784,8274,672
Selling, general and administrative80.174.969.210613413497.692.4117170268255n/a
Operating income283-407-456-293-322-462-892-678211352-890-40.8-49.6
Operating margin8.9%-21.5%-49.8%-12.4%-9.7%-18.7%-79.4%-49.9%8.0%8.5%-16.5%-0.8%-1.1%
Interest expense29.836.540.437.551.675.240.842.040.352.972.070.573.0
Pre-tax income254-442-496-328-367-530-931-720168307-957-103-114
Income tax91.6-148-178-334-46.0-105-127-62.713.261.29.5-9.9-24.8
Effective tax rate36.0%n/an/an/an/an/an/an/a7.9%19.9%n/an/an/a
Net income163-294-3195.9-321-426-804-655155246-968-93.6-89.7
Net margin5.1%-15.6%-34.8%0.3%-9.7%-17.2%-71.5%-48.2%5.8%5.9%-18.0%-1.9%-1.9%
Diluted EPS$1.11-$2.00-$2.18$0.03-$1.47-$2.10-$4.27-$3.36$0.70$0.88-$2.44-$0.24-$0.23
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by segment

FY2023FY2024FY2025Share
latest year
Completion Services2,0173,2332,89259.9%
Drilling Services1,9201,7281,55832.3%
Drilling Products1353523447.1%
Other74.665.733.00.7%
Completion ServicesDrilling ServicesDrilling ProductsOther
4,146FY20235,378FY20244,827FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023FY2024FY2025Share
latest year
United States4,0575,2494,68997.2%
Other Countries28.283.075.11.6%
Canada12.533.534.70.7%
CO48.612.227.60.6%
United StatesOther CountriesCanadaCO
4,146FY20235,378FY20244,827FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014FY2015 †FY2016 †FY2017FY2018FY2019FY2020FY2021FY2022 †FY2023 †FY2024FY2025TTM
Operating cash flow72999930530173169627995.55661,0061,176961733
Capital expenditure1,052744120567641348145166437616678589556
Free cash flow-324256185-26689.2349133-70.8129390497372178
Free cash flow margin-10.2%13.5%20.2%-11.3%2.7%14.1%11.9%-5.2%4.9%9.4%9.2%7.7%3.8%
Cash from investingn/an/a-97.8-1,011-585-302-125-132-413-1,018-655-567-537
Cash from financingn/an/a-28571756.9-465-103-71.9-13365.6-475-211-175
Share-based compensation27.028.528.344.537.939.326.621.621.146.846.439.332.3
Buybacks13.68.03.66.816225521.26.370.120129069.643.3
Dividends paid58.358.823.616.330.632.418.915.643.1100127122137
Dividend per share$0.40$0.40$0.16$0.08$0.14$0.16$0.10$0.08$0.20$0.32$0.32$0.32n/a
Diluted shares, weighted145m145m146m200m219m203m188m195m219m280m397m383m380m
Shares outstanding at period end146m147m148m222m214m192m188m215m214m411m387m379m381m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015 †FY2016 †FY2017FY2018FY2019FY2020FY2021FY2022 †FY2023 †FY2024FY2025TTM
Funded by
Shareholders' equity2,9062,5612,2493,9823,5052,8342,0161,6091,6664,8123,4663,2193,100
Non-controlling interestn/an/an/an/an/an/an/an/a0.08.410.06.26.7
Debt9868556008681,1259759098598361,2461,2341,2271,234
Operating lease liabilitiesn/an/an/an/a35.026.619.118.119.637.834.327.627.6
Finance lease liabilitiesn/an/an/an/an/an/an/an/a0.013.010.25.51.2
Other liabilities1,5031,0499249088046043554716221,3021,0791,0851,003
Total liabilities and equity5,3944,4653,7725,7595,4704,4403,2992,9583,1447,4205,8335,5705,373
Owned
Fixed assets4,1313,9213,4094,2554,0033,3072,7612,3322,2613,3403,0102,7112,598
Goodwill21186.286.2611411395n/a0.00.01,380487487487
Intangible assetsn/an/a2.775.666.948.930.17.55.81,052930815755
Cash and equivalents43.011335.242.8245174225118138190239419201
Receivables663220148580559340160356566971764723920
Inventory32.314.720.269.265.636.433.142.465.4181167160141
Other assets31311070.912512013989.7103109306236255270
Total assets5,3944,4653,7725,7595,4704,4403,2992,9583,1447,4205,8335,5705,373
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded9.8%33.8%22.2%-6.9%
Profit growth, compoundedn/an/an/an/a
Return on equity, average-13.5%-11.4%-8.6%-2.9%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Patterson UTI Energy's revenue in fiscal 2025?

Patterson UTI Energy (PTEN) reported revenue of $4.8 billion for fiscal 2025, the year ended 31 December 2025, down 10.3% on the year before.

How much did Patterson UTI Energy earn in fiscal 2025?

Net loss was $94 million for fiscal 2025, and the diluted loss per share $0.24.

What is Patterson UTI Energy's market cap?

The market cap of Patterson UTI Energy was $4.3 billion at the close of 9 October 2026.

Does Patterson UTI Energy pay a dividend?

Yes. Patterson UTI Energy declared $0.32 a share in dividends over the four quarters to 30 June 2026.

How much debt does Patterson UTI Energy have?

At 30 June 2026 Patterson UTI Energy carried $1.2 billion of debt and $201 million of cash.

Peers: Petroleum and Natural Gas

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Noble Corp. plc NE$6.8 billion45.573.3%11.4%-11.1%0.424.7%
Valaris Ltd. VAL$5.8 billion6.2529.2%11.3%-13.2%0.340.0%
Murphy OIL Corp. MUR$5.5 billion19.155.6%18.5%8.3%0.293.5%
CNX Resources Corp. CNX$5.1 billion5.7319.6%44.4%61.9%0.460.0%
California Resources Corp. CRC$4.7 billionn/a-3.6%-1.7%-22.5%0.383.0%
Oceaneering International Inc. OII$4.5 billion12.9130.1%10.4%3.8%0.420.0%
Patterson UTI Energy Inc. PTEN$4.3 billionn/a-2.9%-1.1%-6.9%0.402.8%
Crescent Energy Co. CRGY$4.2 billionn/a1.1%20.6%24.3%1.00n/a
PAR Pacific Holdings, Inc. PARR$4.1 billion4.8143.2%13.4%13.2%0.37n/a
Comstock Resources Inc. CRK$4.0 billion7.7019.7%28.8%31.6%1.200.0%
Helmerich & Payne, Inc. HP$4.0 billionn/a-5.1%2.3%16.6%0.700.6%
Valvoline Inc. VVV$3.9 billion37.8824.4%15.3%16.1%3.840.4%
All 54 in Petroleum and Natural Gas
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
ExxonMobil Holdings Corp. XOM$694.8 billion21.7212.6%12.3%9.1%0.122.4%
Chevron Corp. CVX$418.8 billion20.3210.8%14.2%10.2%0.193.2%
Shell plc SHEL *$285.1 billion16.7010.2%n/a-6.1%0.433.0%
TotalEnergies SE TTE *$190.0 billion14.9011.4%n/a-6.2%0.534.3%
Petróleo Brasileiro S.A. (Petrobras) PBR *$163.0 billion8.3226.0%29.3%-2.4%0.355.0%
ConocoPhillips COP$161.1 billion17.7414.2%n/a9.6%0.352.4%
Marathon Petroleum Corp. MPC$127.8 billion15.6444.8%9.2%15.0%1.610.8%
BP plc BP *$127.1 billionn/a0.1%6.6%-1.1%1.094.0%
Valero Energy Corp. VLO$124.9 billion18.0028.8%7.2%12.6%0.361.0%
Phillips 66 PSX$111.0 billion15.8822.5%n/a14.4%0.601.7%
Equinor ASA EQNR *$107.5 billion22.1712.5%23.8%2.6%0.690.3%
Canadian Natural Resources Limited CNQ *$103.4 billion13.7124.4%n/a8.7%0.373.4%
Suncor Energy Inc. SU *$86.2 billion21.2313.1%n/a-4.6%0.222.3%
Eni S.p.A. E *$82.8 billion31.875.4%6.1%-7.5%0.594.2%
EOG Resources Inc. EOG$77.7 billion11.5321.6%32.9%19.1%0.252.7%
SLB Limited SLB$72.6 billion23.6511.9%n/a2.5%0.43n/a
Occidental Petroleum Corp. OXY$60.1 billionn/an/an/an/a0.311.6%
Diamondback Energy, Inc. FANG$53.9 billion37.453.9%6.3%21.4%0.332.2%
Devon Energy Corp. DVN$53.1 billion11.467.9%16.7%14.6%0.272.2%
Woodside Energy Group Ltd. WDS *$42.9 billion15.897.6%30.0%-1.5%0.334.7%
EQT Corp. EQT$33.0 billion12.2610.7%42.5%32.3%0.221.2%
Halliburton Co. HAL$27.1 billion17.0314.6%11.4%0.6%0.642.1%
Expand Energy Corp. EXE$20.4 billion7.6214.3%26.9%59.3%0.190.0%
Permian Resources Corp. PR$19.3 billion15.2510.3%35.8%12.8%0.252.6%
Ovintiv Inc. OVV$17.7 billion18.058.0%9.7%6.0%0.321.9%
APA Corp. APA$16.1 billion9.7023.9%44.4%-16.1%0.532.2%
Antero Resources Corp. AR$11.1 billion10.3213.0%24.7%25.8%0.31n/a
PBF Energy Inc. PBF$10.2 billion7.4621.1%5.8%13.5%0.271.4%
Range Resources Corp. RRC$9.6 billion11.2918.3%32.1%23.2%0.180.9%
SM Energy Co. SM$8.8 billion7.3012.8%29.6%75.4%0.852.2%
Viper Energy, Inc. VNOM$8.3 billion330.621.2%12.3%n/a0.33n/a
Chord Energy Corp. CHRD$7.8 billion9.4910.2%19.0%19.2%0.183.7%
Noble Corp. plc NE$6.8 billion45.573.3%11.4%-11.1%0.424.7%
Matador Resources Co. MTDR$6.7 billion9.3112.2%32.2%-3.6%0.712.6%
CVR Energy Inc. CVI$5.8 billion85.3113.1%4.1%17.9%3.248.4%
Valaris Ltd. VAL$5.8 billion6.2529.2%11.3%-13.2%0.340.0%
Magnolia Oil & Gas Corp. MGY$5.7 billion10.5719.8%38.0%11.4%0.182.5%
Murphy OIL Corp. MUR$5.5 billion19.155.6%18.5%8.3%0.293.5%
CNX Resources Corp. CNX$5.1 billion5.7319.6%44.4%61.9%0.460.0%
California Resources Corp. CRC$4.7 billionn/a-3.6%-1.7%-22.5%0.383.0%
Oceaneering International Inc. OII$4.5 billion12.9130.1%10.4%3.8%0.420.0%
Patterson UTI Energy Inc. PTEN$4.3 billionn/a-2.9%-1.1%-6.9%0.402.8%
Crescent Energy Co. CRGY$4.2 billionn/a1.1%20.6%24.3%1.00n/a
PAR Pacific Holdings, Inc. PARR$4.1 billion4.8143.2%13.4%13.2%0.37n/a
Comstock Resources Inc. CRK$4.0 billion7.7019.7%28.8%31.6%1.200.0%
Helmerich & Payne, Inc. HP$4.0 billionn/a-5.1%2.3%16.6%0.700.6%
Valvoline Inc. VVV$3.9 billion37.8824.4%15.3%16.1%3.840.4%
Liberty Energy Inc. LBRT$3.2 billion25.696.2%1.3%2.3%0.661.7%
Gulfport Energy Corp. GPOR$2.9 billion6.5027.2%45.0%35.2%0.50n/a
Talos Energy Inc. TALO$2.8 billionn/a-19.9%-12.7%2.4%0.60n/a
Quaker Chemical Corp. KWR$2.7 billion27.787.1%7.7%7.8%0.621.3%
Northern OIL & Gas, Inc. NOG$2.6 billionn/a-24.4%-24.1%-25.6%1.377.3%
Atlas Energy Solutions Inc. AESI$1.5 billionn/a-10.6%-8.3%-8.1%0.826.1%
RPC Inc. RES$1.3 billion66.222.1%1.9%25.4%0.022.7%
3 companies share its SEC industry code (Drilling Oil & Gas Wells); the rest are the names nearest in size in its wider industry, Petroleum and Natural Gas, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 20264 August 2026EDGAR
10-Q31 March 202628 April 2026EDGAR
10-K31 December 202510 February 2026EDGAR
10-Q30 September 202528 October 2025EDGAR
10-Q30 June 202529 July 2025EDGAR
10-Q31 March 202529 April 2025EDGAR
10-K31 December 202411 February 2025EDGAR
10-Q30 September 202428 October 2024EDGAR
10-Q30 June 202429 July 2024EDGAR
10-Q31 March 20246 May 2024EDGAR

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