The earnings call highlights Patterson-UTI's strong financial position, growth in digital and technology solutions, and steady performance in key segments despite challenges. However, the company reported a net loss, faced reduced drilling activity, and navigated significant market volatility, leading to a balanced overall sentiment.

Company Guidance

In the second quarter of 2025, Patterson-UTI provided guidance emphasizing its operational and financial performance amidst a volatile oil market. Oil prices fluctuated between the mid-$50s and mid-$70s per barrel, stabilizing in the mid-$60s, which typically supports higher drilling and completion activities. Despite this, customers remained cautious. The company reported a total revenue of $1.219 billion and a net loss of $49 million, or $0.13 per share, including a $28 million impairment from Colombian operations. Adjusted EBITDA was $231 million, with a cash balance of $186 million and an undrawn $500 million revolver. Total CapEx for the second quarter was $144 million, with plans to keep 2025 expenditures under $600 million. The company returned $46 million to shareholders, including dividends and share repurchases, with a total share repurchase exceeding 37 million since the NexTier merger and Ulterra acquisition. Patterson-UTI anticipates steady completion services in Q3 2025, while drilling activity may decline slightly to an average rig count in the mid-90s. The company remains optimistic about future growth driven by its digital and automation technologies, the PTEN Digital Performance Center, and a strong balance sheet to support capital allocation decisions.

Strong Free Cash Flow and Financial Position

Patterson-UTI closed the quarter with $186 million in cash, an undrawn $500 million revolver, low leverage, and an investment-grade credit rating. The company expects free cash flow in the second half of the year to exceed what is needed to fund its dividend.

Growth in Digital and Technology Solutions

The PTEN Digital Performance Center and technology offerings like the Cortex automation platform and Vertex automated hydraulic fracturing are gaining traction, improving operational efficiencies and customer satisfaction.

Emerald Fleet Utilization

The Emerald fleet, consisting of 100% natural gas-powered equipment with more than 225,000 horsepower, is fully utilized, and the company plans to expand this fleet further.

Strong Completion Services Performance

Despite industry challenges, the Completion Services segment showed resilience with steady performance expected in Q3, driven by technology innovations and steady demand.

Improved Drilling Products Revenue

Drilling Products revenue improved in the US and key international markets like the Middle East, with continued gains in Canada despite seasonal challenges.

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
Oct 23, 2025	2025 (Q3)	-0.09 / -	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)	―
Jul 26, 2023	2023 (Q2)	0.44 / 0.40	0.108	270.37% (+0.29)	―

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
Jul 23, 2025	$6.17	$6.10	-1.13%
Apr 23, 2025	$5.79	$5.79	0.00%
Feb 05, 2025	$8.18	$8.18	0.00%
Oct 23, 2024	$7.54	$7.70	+2.12%

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 Oct 23, 2025, Before Open (Confirmed).

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

Patterson-Uti Energy (PTEN) earnings time is at Oct 23, 2025, 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 (Q3) is -0.09.

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