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Patterson-UTI Energy Reports Q2 2025 Financial Results

Patterson-UTI Energy Reports Q2 2025 Financial Results

Patterson-UTI Energy ( (PTEN) ) has released its Q2 earnings. Here is a breakdown of the information Patterson-UTI Energy presented to its investors.

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Patterson-UTI Energy, Inc., a prominent provider of drilling and completion services for oil and natural gas exploration and production companies, operates primarily in the United States and select international markets, offering contract drilling, integrated well completion, and directional drilling services.

In its latest earnings report for the second quarter of 2025, Patterson-UTI Energy reported total revenue of $1.2 billion, with a net loss attributable to common stockholders of $49 million, which included a $28 million non-cash asset impairment related to its Colombian drilling operations. Despite the loss, the company returned $46 million to shareholders through dividends and share repurchases.

Key financial metrics highlighted in the report include an adjusted EBITDA of $231 million and a steady performance across its segments. The Drilling Services segment generated $404 million in revenue, while the Completion Services segment reported $719 million in revenue. The company also noted increased demand for its proprietary drilling automation technologies and continued high utilization of its natural gas-powered assets.

Looking ahead, Patterson-UTI Energy remains optimistic about its strategic positioning, emphasizing its strong balance sheet and low leverage as key advantages. The company anticipates an acceleration in free cash flow in the latter half of 2025 and plans to continue investing in technology-driven solutions to enhance operational efficiency and shareholder value.

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