Patterson-UTI (PTEN) Q1 2026 Earnings Transcript [Globe and Mail, The (Toronto, Canada)]
Patterson-UTI Energy, Inc. (PTEN)
Last patterson-uti energy, inc. earnings: 4/23 06:01 am
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Source: Globe and Mail, The
President & Chief Executive Officer — William Andrew Hendricks Executive Vice President & Chief Financial Officer — C. Andrew Smith Takeaways Total revenue -- $1.12 billion reported for the quarter, reflecting the combined performance of all segments. Net loss -- $25 million, equivalent to $0.06 per share, attributed to common shareholders for the quarter. Adjusted EBITDA -- $205 million, which included $3 million in early contract termination revenue from Drilling Services. Drilling Services revenue -- $352 million, with adjusted gross profit of $134 million, inclusive of early termination payments. Drilling operating rig count -- Averaged 92 rigs with 8,301 operating days during the period. Completion Services revenue -- $680 million reported, with adjusted gross profit at $98 million, including a $9 million estimated EBITDA impact from a five-day winter storm disruption. Drilling Products revenue -- $80 million with adjusted gross profit of $33 million, noting re
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PTEN
News
- Patterson-UTI Energy (PTEN) had its price target raised by Barclays PLC from $8.00 to $10.00. They now have an "equal weight" rating on the stock.MarketBeat
- Patterson-UTI Energy (PTEN) had its price target raised by Piper Sandler from $10.00 to $12.00. They now have a "neutral" rating on the stock.MarketBeat
- Patterson-UTI Energy (PTEN) Is Up 20.3% After Beating Q1 Estimates Despite Reporting a Net Loss [Yahoo! Finance]Yahoo! Finance
- Patterson-UTI Energy (PTEN) had its price target raised by Royal Bank Of Canada from $12.00 to $14.00. They now have an "outperform" rating on the stock.MarketBeat
- Patterson-UTI Energy (PTEN) had its price target raised by Stifel Nicolaus from $11.00 to $14.00. They now have a "buy" rating on the stock.MarketBeat
PTEN
Earnings
- 4/22/26 - Beat
PTEN
Sec Filings
- 4/29/26 - Form SCHEDULE
- 4/28/26 - Form 10-Q
- 4/28/26 - Form 8-K
- PTEN's page on the SEC website