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Patterson-Uti Energy (PTEN)
NASDAQ:PTEN
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.02Last Year’s EPS
0.03Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Apr 23, 2025
|% Change Since: -1.70%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a cautiously optimistic outlook with significant strengths in integrated project performance and financial stability. However, there are concerns about potential impacts from commodity price volatility and slight expected declines in profitability in some segments.Company Guidance
During the Patterson-UTI First Quarter 2025 Earnings Conference Call, guidance was provided indicating steady drilling activity across U.S. shale and a strong recovery in completions activity. The company highlighted positive momentum in natural gas basins, which is expected to continue, while oil basins show stable demand. Financially, Patterson-UTI reported a total revenue of $1,281 million and a net income of $1 million, with an adjusted EBITDA of $251 million. They closed the quarter with $225 million in cash and an undrawn $500 million revolver. The company expects a slight decline in adjusted gross profit for drilling and completion services in the second quarter, driven by a reduction in average contracted revenue and seasonal cost increases. The guidance emphasized the company's commitment to maintaining a strong balance sheet, returning at least half of adjusted free cash flow to shareholders, and capital allocation flexibility, with a full-year capital budget of approximately $600 million.Steady Drilling Activity and Recovery in Completions
The first quarter of 2025 saw steady drilling activity across U.S. shale and a strong recovery in completions activity following fourth quarter budget constraints.
Strong Financial Position
The company closed Q1 with $225 million in cash and an undrawn $500 million revolver, maintaining low leverage and an investment grade credit rating.
Record Performance in Integrated Projects
The initial fully-integrated P10 Advantage project exceeded expectations, delivering performance bonuses and accretive margins.
Increased Demand in Natural Gas Basins
There was a notable increase in demand in natural gas basins, with the Haynesville being a significant beneficiary.
High-Quality Fleet and Technology
More than 80% of the active fleet can be powered by natural gas, with the Emerald fleet growing as a proportion of overall frac activity.
Positive Feedback on Cortex Automation Platform
The Cortex automation platform continues to set a standard in drilling automation, delivering high operational efficiency and better returns.
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 |
|---|---|---|---|
Apr 23, 2025 | $5.88 | $5.88 | 0.00% |
Feb 05, 2025 | $8.30 | $8.30 | 0.00% |
Oct 23, 2024 | $7.65 | $7.82 | +2.22% |
Jul 25, 2024 | $9.66 | $10.15 | +5.07% |
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 Jul 23, 2025, TBA Not Confirmed.
What is Patterson-Uti Energy (PTEN) earnings time?
Patterson-Uti Energy (PTEN) earnings time is at Jul 23, 2025, TBA Not 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 (Q2) is -0.02.