Earnings summaries and quarterly performance for PATTERSON UTI ENERGY.
Executive leadership at PATTERSON UTI ENERGY.
William A. Hendricks, Jr.
President and Chief Executive Officer
C. Andrew Smith
Executive Vice President and Chief Financial Officer
James M. Holcomb
Chief Operating Officer
Kenneth N. Berns
Executive Vice President and Chief Commercial Officer
Seth D. Wexler
Executive Vice President, General Counsel and Secretary
Board of directors at PATTERSON UTI ENERGY.
Amy H. Nelson
Director
Cesar Jaime
Director
Curtis W. Huff
Chairman of the Board
Gary M. Halverson
Director
James C. Stewart
Director
Janeen S. Judah
Director
Julie J. Robertson
Director
Robert W. Drummond
Vice Chairman of the Board
Tiffany (TJ) Thom Cepak
Director
Research analysts who have asked questions during PATTERSON UTI ENERGY earnings calls.
Keith MacKey
RBC Capital Markets
6 questions for PTEN
Saurabh Pant
Bank of America
6 questions for PTEN
Ati Modak
Goldman Sachs
5 questions for PTEN
Scott Gruber
Citigroup
5 questions for PTEN
Stephen Gengaro
Stifel Financial Corp.
5 questions for PTEN
Arun Jayaram
JPMorgan Chase & Co.
4 questions for PTEN
Daniel Kutz
Morgan Stanley
4 questions for PTEN
Connor Jensen
Raymond James Financial, Inc.
3 questions for PTEN
Derek Podhaizer
Piper Sandler Companies
3 questions for PTEN
Sean Mitchell
Daniel Energy Partners
3 questions for PTEN
Don Crist
Johnson Rice & Company L.L.C.
2 questions for PTEN
Edward Kim
TD Cowen
2 questions for PTEN
Jeffrey LeBlanc
Tudor, Pickering, Holt & Co.
2 questions for PTEN
Jim Rollyson
Raymond James Financial
2 questions for PTEN
Kurt Hallead
The Benchmark Company
2 questions for PTEN
Waqar Syed
ATB Capital Markets
2 questions for PTEN
Donald Crist
Johnson Rice & Company, L.L.C.
1 question for PTEN
Doug Becker
Capital One
1 question for PTEN
Douglas Becker
Capital One
1 question for PTEN
Eddie Kim
Barclays
1 question for PTEN
Grant Hynes
JPMorgan Chase & Co.
1 question for PTEN
James Rollyson
Raymond James Financial, Inc.
1 question for PTEN
Jeff LeBlanc
TPH&Co.
1 question for PTEN
John Daniel
Daniel Energy Partners
1 question for PTEN
Recent press releases and 8-K filings for PTEN.
- Patterson-UTI reported Q3 2025 revenue of $1.176 billion, a net loss of $36 million (or $0.10 per share), and adjusted EBITDA of $219 million.
- The company returned $64 million to shareholders in Q3 2025, comprising a $0.08 per share dividend and $34 million in share repurchases, and is committed to returning at least 50% of annual free cash flow.
- Management expects lower capital expenditures in 2026 compared to 2025, with full 2025 CapEx projected to be less than $600 million, and anticipates Q4 2025 to be the strongest free cash flow quarter of the year.
- The company exited Q3 2025 with $187 million in cash and an undrawn $500 million revolving credit facility, maintaining a low net debt to EBITDA of just over one time.
- Operational highlights include stabilized U.S. contract drilling activity and strong relative performance in completion services, with new 100% natural gas direct-drive emerald systems being deployed and EOS Completions platform automation rolling out to all fleets by year-end 2025.
- Patterson-UTI reported Q3 2025 revenue of $1.176 billion, a net loss of $36 million (or $0.10 per share), and adjusted EBITDA of $219 million.
- The company generated $146 million in adjusted free cash flow through the first three quarters of 2025, returned $64 million to shareholders in Q3 (including a $0.08 per share dividend and $34 million in share repurchases), and expects lower capital expenditures in 2026 compared to 2025.
- Despite moderating U.S. shale activity, Patterson-UTI is adapting by enhancing commercial strategies, lowering costs, and investing in new technologies like the EOS Completions platform and direct-drive natural gas engines, with a favorable natural gas outlook for 2026.
- Patterson-UTI targets returning at least 50% of adjusted free cash flow to shareholders annually, including through dividends (currently $0.08 per share per quarter) and share repurchases. So far in the third quarter of 2025, the company used $22 million to repurchase 4 million shares.
- For the third quarter of 2025, the company expects to have averaged 96 rigs in the United States through the first two months, with 93 currently operating and relatively steady activity into the fourth quarter. Completion Services are expected to have steady activity and adjusted gross profit in Q3 2025 compared to Q2 2025.
- As of June 30, 2025, Patterson-UTI had $684 million in total liquidity, a cash balance of $186 million, and net debt of $1.108 billion. The company maintains an Investment Grade credit rating from all three major rating agencies and has no Senior Note maturities until 2028.
Quarterly earnings call transcripts for PATTERSON UTI ENERGY.
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