PTEN
Patterson-UTI Energy, Inc.5.89
-0.33-5.31%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
2.27BP/E (TTM)
-Basic EPS (TTM)
-0.37Dividend Yield
0.05%Recent Filings
8-K
Q3 revenue $1.2B, net loss $36M
Patterson-UTI Energy reported third-quarter 2025 revenue of $1.2 billion, down from $1.2 billion in Q2, with a net loss of $36 million but adjusted EBITDA holding at $219 million amid stabilizing U.S. activity. Drilling Services saw steady rigs at 95, while Completion Services managed efficiency gains despite seasonal pressures. Teams are optimizing costs and tech edges. Q4 adjusted gross profit in Completion Services will dip to $85 million. Yet margins outpace history.
8-K
Beyer resigns from board
Patterson-UTI Energy announced the resignation of board director Leslie Beyer on September 18, 2025, following her U.S. Senate confirmation as Assistant Secretary for Land and Minerals Management at the Department of the Interior. The move, effective immediately, stems from her new role and involves no disagreements with the company. CEO Andy Hendricks praised her industry contributions since joining the board in September 2023. Her departure highlights the board's ties to energy policy.
8-K
Steady rigs, stronger cash flow
Patterson-UTI Energy disclosed its September 2025 investor presentation, projecting steady U.S. rig activity at 93 rigs into Q4 while expecting stronger adjusted free cash flow in H2 2025 versus H1. Drilling services averaged 96 rigs through the first two months of Q3, with completions maintaining steady adjusted gross profit from Q2 amid high utilization of natural gas-powered fleets. The company repurchased $22 million in shares during Q3 so far. Yet Permian reductions contrast with stable activity elsewhere.
8-K
Holcomb promoted to COO
Patterson-UTI Energy promoted James M. Holcomb to Chief Operating Officer, effective August 8, 2025, elevating him from his prior role as Executive Vice President and Chief Business Officer. Holcomb brings over 35 years of drilling operations experience, including stints as COO from 2023 and president of the drilling subsidiary. This internal move signals steady leadership continuity. No compensation details disclosed.
10-Q
Q2 FY2025 results
Patterson-UTI Energy's 10-Q filing for the quarter ended June 30, 2025, primarily details executive compensation arrangements under its 2021 Long-Term Incentive Plan, including restricted stock units vesting over three years and performance units tied to total stockholder return and free cash flow return relative to peers, with accelerated vesting on change of control or termination without cause. No financial statements or operating results are included in the provided filing, so key metrics like revenue, EPS, or cash flow deltas are not disclosed. The plan emphasizes alignment with shareholder value through cash-settled and equity awards, subject to forfeiture restrictions and tax withholding. Shares outstanding stood at 385,167,502 as of July 23, 2025. Compensation structures carry risks from stock price volatility.
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