Education
About Us
Working with TipRanks
Follow Us
Patterson-Uti Energy (PTEN)
NASDAQ:PTEN
Earnings Data
Report Date
Apr 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.1Last Year’s EPS
<0.01Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong cash generation, disciplined cost control, and meaningful technological and international progress (e.g., Cortex adoption, eos launch, Saudi manufacturing, Argentina rig leases). Management increased shareholder returns and maintained liquidity while cutting gross CapEx to preserve free cash flow. Offsetting items included a small GAAP net loss, near-term weather-related headwinds (Q1), a sequential dip in Completion Services gross profit, regional softness in international product sales, and continued commodity/macro uncertainty. Overall, operational execution and cash generation were highlighted as dominant themes.Company Guidance
Strong Full-Year Free Cash Flow
Adjusted free cash flow of $416 million for 2025, with the fourth quarter marking the company's highest adjusted free cash flow quarter since the 2023 strategic transformation.
Solid Quarterly Revenue and Adjusted EBITDA
Q4 reported revenue of $1.151 billion and adjusted EBITDA of $221 million, implying an adjusted EBITDA margin of ~19.2% for the quarter.
Segment Profitability — Drilling & Products
Drilling Services Q4 revenue $361 million with adjusted gross profit $132 million (~36.6% adjusted gross profit margin). Drilling Products Q4 revenue $84 million with adjusted gross profit $34 million (~40.5% adjusted gross profit margin).
Completion Services Performance and Utilization
Completion Services Q4 revenue $702 million and adjusted gross profit $111 million (~15.8% adjusted gross profit margin). Nearly 2.5 million horsepower either deployed or in normal maintenance cycles in early 2026, with very little spare capacity in higher-quality fleets.
Capital Allocation and Shareholder Returns
Returned $119 million to shareholders in 2025 (dividends and buybacks), Board approved a 25% increase in the quarterly dividend to $0.10 per share, and the company remains committed to returning at least 50% of adjusted free cash flow to shareholders (historically ~2/3 since start of 2024).
Technology and Product Investments
Broad adoption of proprietary technology: nearly all rigs equipped with Cortex automation; continued rollout of APEX rig technology; launch of eos completions digital platform with Vertex automated frac controls; ongoing high-grade deployment of Emerald 100% natural gas frac equipment (expect >85% of assets capable of using natural gas by year-end).
International Expansion & Manufacturing
Opened a new drill-bit manufacturing facility in Saudi Arabia (first in-country drill bit produced in December) and entered a multiyear lease agreement for 2 high-spec rigs to work in Argentina's Vaca Muerta—capital-efficient utilization of idle U.S. assets internationally.
Liquidity & Balance Sheet Flexibility
Ended Q4 with $421 million cash on hand, no borrowings on a $500 million revolver, and no senior note maturities until 2028; gross CapEx guidance reduced ~15% to roughly $500 million for 2026 (expected to be below $500M net of asset sales).
PTEN Earnings History
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 |
|---|---|---|---|
Feb 04, 2026 | $7.86 | $8.07 | +2.76% |
Oct 22, 2025 | $5.92 | $6.59 | +11.19% |
Jul 23, 2025 | $5.93 | $5.86 | -1.13% |
Apr 23, 2025 | $5.57 | $5.57 | 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 Apr 29, 2026, Before Open (Confirmed).
What is Patterson-Uti Energy (PTEN) earnings time?
Patterson-Uti Energy (PTEN) earnings time is at Apr 29, 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 2026 (Q1) is -0.1.