The call highlighted significant strides in technology and a strong position in managing cash flow and capital allocation. However, it also faced challenges with net losses, regional activity declines, and legal expenses. The company's operational resilience and strategic focus on technology and cash flow were positive, but these were balanced by financial and regional challenges.

Company Guidance

In the call, Patterson-UTI provided guidance indicating an expectation of relatively steady activity through the end of 2025, despite a challenging environment marked by declining oil prices and moderating industry activity. The company expects a decrease in capital expenditures in 2026 compared to 2025, while continuing to maintain the high-demand portion of their fleet and investing in new technologies. Patterson-UTI is committed to returning at least 50% of their annual free cash flow to shareholders through dividends and share repurchases. The company reported a net loss attributable to common shareholders of $36 million, or $0.10 per share, and adjusted EBITDA of $219 million for the third quarter. The company's leverage remains low, with a net debt to EBITDA ratio of just over 1x, and they ended the quarter with $187 million in cash and an undrawn $500 million revolver.

Steady Completion Services Activity

Completion activity remained flat on a pump hour basis compared to the second quarter, with strong operational execution noted.

Strong Free Cash Flow and Balance Sheet

The company expects the fourth quarter to be the strongest free cash flow quarter of the year, maintaining a strong balance sheet with $187 million in cash and an undrawn $500 million revolver.

Growth in Natural Gas Demand

The outlook for natural gas in 2026 is favorable due to increased demand from LNG, potentially driving higher drilling and completion activity.

Technology Advancements

Introduction of new technologies like the EOS completions platform and Vertex automation controls, with plans for full deployment by year-end.

Capital Allocation and Shareholder Returns

Commitment to returning at least 50% of annual free cash flow to shareholders, with potential acceleration of the share repurchase program.

Patterson-UTI (PTEN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

PTEN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 05, 2026	2025 (Q4)	-0.13 / -	-0.116	―	―	―
Oct 22, 2025	2025 (Q3)	-0.09 / -0.06	0	―	―
Jul 23, 2025	2025 (Q2)	-0.04 / -0.13	0.03	-520.00% (-0.16)	―
Apr 23, 2025	2025 (Q1)	-0.04 / <0.01	0.15	-96.67% (-0.14)	―
Feb 05, 2025	2024 (Q4)	-0.10 / -0.12	0.19	-161.05% (-0.31)	―
Oct 23, 2024	2024 (Q3)	<0.01 / 0.00	0.2	―	―
Jul 25, 2024	2024 (Q2)	0.08 / 0.03	0.4	-92.50% (-0.37)	―
May 01, 2024	2024 (Q1)	0.13 / 0.15	0.46	-67.39% (-0.31)	―
Feb 14, 2024	2023 (Q4)	0.18 / 0.19	0.46	-58.70% (-0.27)	―
Nov 07, 2023	2023 (Q3)	0.25 / 0.20	0.29	-31.03% (-0.09)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PTEN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 22, 2025	$6.08	$6.76	+11.18%
Jul 23, 2025	$6.08	$6.02	-0.99%
Apr 23, 2025	$5.71	$5.71	0.00%
Feb 05, 2025	$8.07	$8.07	0.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Patterson-Uti Energy (PTEN) report earnings?

Patterson-Uti Energy (PTEN) is schdueled to report earning on Feb 05, 2026, Before Open (Confirmed).

What is Patterson-Uti Energy (PTEN) earnings time?

Patterson-Uti Energy (PTEN) earnings time is at Feb 05, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is PTEN EPS forecast?

PTEN EPS forecast for the fiscal quarter 2025 (Q4) is -0.13.

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