The earnings call highlighted several positive developments such as stable oil prices, strong financials, and successful integration of acquisitions. However, these were tempered by a reported net loss and challenges in drilling and completion activities. Despite the earnings and operational challenges, the company maintains a strong liquidity position and is optimistic about future prospects with strategic investments and digital innovations.

Company Guidance -

Q3 2025

During the Patterson-UTI Second Quarter 2025 Earnings Conference Call, the company provided guidance indicating a moderated drilling activity in the third quarter, with an expected average rig count in the mid-90s, reflecting a sequential decline from the second quarter's 104 rigs. Despite a net loss of $49 million or $0.13 per share, influenced by a $28 million impairment in Colombian drilling operations, the company saw a resilient performance in its Completions Services segment with $719 million in revenue and an adjusted gross profit of $100 million. Patterson-UTI maintained a strong balance sheet with $186 million in cash and a $500 million undrawn revolver, projecting significant free cash flow in the latter half of the year. The company continues to invest in technology, with the PTEN Digital Performance Center and automated hydraulic fracturing technology, Vertex, poised to enhance operational efficiencies and long-term shareholder value.

Stable Oil Prices

Oil prices have stabilized in the mid-$60 per barrel range, which is encouraging for future drilling and completion activity.

Emerald Fleet Utilization

The Emerald fleet of 100% natural gas-powered equipment remains fully utilized, showing strong demand for cleaner energy solutions.

Strong Financial Position

Patterson-UTI closed the quarter with $186 million in cash and an undrawn $500 million revolving credit facility, indicating strong liquidity.

Positive Free Cash Flow

The company is poised to see significant free cash flow in the second half of the year, exceeding dividend requirements.

Digital Performance Center

The company's PTEN Digital Performance Center is enhancing customer efficiency through automation and machine learning.

Successful Integration of Acquisitions

The integration of NexTier and Ulterra is yielding strategic benefits beyond cost synergies, positioning the company for future growth.

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)	-0.08 / -	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 -0.08.

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