Patterson-UTI posts Q4 loss, boosts dividend and outlook

Patterson-UTI ( (PTEN) ) has shared an announcement.

On February 4, 2026, Patterson-UTI Energy reported that for the fourth quarter ended December 31, 2025, it generated $1.2 billion in revenue, a net loss attributable to common shareholders of $9 million, and adjusted EBITDA of $221 million, while full-year 2025 cash from operations reached $961 million and adjusted free cash flow totaled $416 million. Despite a challenging commodity environment and seasonally soft period, management highlighted resilient margins across its diversified drilling, completion and drilling products businesses, supported by cost controls and stable customer activity, and rewarded shareholders by raising the quarterly dividend by 25% to $0.10 per share. Segment results underscored solid U.S. rig utilization in Drilling Services, strong near-full utilization and steady pricing in Completion Services, and robust U.S. revenue per industry rig in Drilling Products, complemented by strategic investments in digital platforms such as the eos completions system and Vertex frac automation, as well as a new drill bit manufacturing facility in Saudi Arabia. Looking ahead, the company signaled modest near-term softness in completions due to winter weather but expects relatively stable drilling activity, slightly improved Drilling Products profitability driven by international growth, and disciplined 2026 capital spending below $500 million, reinforcing its focus on cash generation, fleet high-grading and maintaining significant capital returns to shareholders.

The most recent analyst rating on (PTEN) stock is a Hold with a $8.00 price target. To see the full list of analyst forecasts on Patterson-UTI stock, see the PTEN Stock Forecast page.

Spark’s Take on PTEN Stock

According to Spark, TipRanks’ AI Analyst, PTEN is a Neutral.

PTEN’s score is held back most by weak profitability and declining revenue/FCF trends, partially offset by a stable balance sheet and decent operating cash generation. Technicals are supportive (price above major moving averages with positive MACD), while valuation is mixed: an attractive dividend yield is tempered by losses (negative P/E). Earnings call commentary adds moderate support via steady activity expectations, disciplined capex plans, and shareholder-return commitment, but near-term headwinds (net losses and regional/international softness) remain.

To see Spark’s full report on PTEN stock, click here.

More about Patterson-UTI

Patterson-UTI Energy is a leading oilfield services company providing drilling and completion services to oil and natural gas exploration and production companies in the United States and select international markets. Its portfolio includes contract drilling, integrated well completion and directional drilling services in the U.S., along with specialized drill bit solutions sold in the United States, the Middle East and other regions worldwide, positioning the company as a key technology- and operations-focused player in upstream energy services.

Average Trading Volume: 9,289,807

Technical Sentiment Signal: Buy

Current Market Cap: $3.01B

Find detailed analytics on PTEN stock on TipRanks’ Stock Analysis page.