Welcome to our dedicated page for Patterson-Uti Energy news (Ticker: PTEN), a resource for investors and traders seeking the latest updates and insights on Patterson-Uti Energy stock.
Patterson-UTI Energy, Inc. (NASDAQ: PTEN) is an energy services company focused on drilling and completion services for oil and natural gas exploration and production companies. News about PTEN often centers on its contract drilling operations, integrated well completion services, directional drilling services and specialized drill bit solutions in key onshore oil and gas markets.
Investors following PTEN news can expect regular updates on drilling activity in the United States, where the company reports the average number of its rigs operating under revenue-earning drilling contracts each month. These releases explain how the company defines average drilling rigs operating and emphasize that rig counts are only one factor influencing overall operating results.
Patterson-UTI also issues earnings announcements and related conference call notices, including dates and times for quarterly results discussions. These communications are typically accompanied by segment commentary covering drilling services, completion services and drilling products, and may reference operational performance, technology deployment and geographic trends in its businesses.
Company news additionally includes corporate and strategic developments, such as multi-year agreements to lease drilling rigs for international projects, investor presentations, and changes in leadership or board composition disclosed through press releases and SEC filings. For example, the company has reported a multi-year rig leasing agreement to support operations in Argentina’s Vaca Muerta formation and has highlighted its established drilling products presence in that country.
By monitoring this news feed, readers can review a chronological record of Patterson-UTI’s operational updates, financial communications and corporate disclosures related to its role in the drilling oil and gas wells industry and the broader energy services market.
Patterson-UTI Energy (NASDAQ:PTEN) reported operating averages for drilling rigs in February 2026. The company said it averaged 93 drilling rigs operating in the United States for February and 94 drilling rigs on average for the two months ended February 28, 2026.
The announcement clarifies that these averages represent rigs earning revenue under U.S. drilling contracts and warns that rig counts alone may not predict financial results. The company plans to continue providing monthly rig count updates after each month-end.
Patterson-UTI Energy (NASDAQ:PTEN) reported an average of 94 drilling rigs operating in the United States for January 2026. The figure reflects rigs earning revenue under U.S. drilling contracts.
The company cautioned that rig counts alone do not determine operating results and will continue monthly updates after each month ends.
Patterson-UTI Energy (NASDAQ:PTEN) reported Q4 2025 revenue of $1.2 billion, net loss attributable to common stockholders of $9 million, and adjusted EBITDA of $221 million. Full-year 2025 cash from operations was $961 million with adjusted free cash flow of $416 million. The company raised its quarterly dividend 25% to $0.10 per share, payable March 16, 2026. Segment highlights: Drilling Services revenue $361M (8,596 U.S. operating days, avg 93 rigs), Completion Services revenue $702M with adjusted gross profit $111M, and Drilling Products revenue $84M. Full-year 2026 capex expected $500 million net of asset sales.
Patterson-UTI (NASDAQ:PTEN) signed a multi-year agreement to lease two APEX 1500 drilling rigs to DLS Archer Ltd. S.A., a division of Archer Ltd., to support operations in Argentina's Vaca Muerta basin.
The rigs will be supplied from Patterson-UTI's existing U.S. fleet, with Archer covering all preparation, upgrade and mobilization costs. The rigs will support Archer's seven-rig contract with YPF announced in December 2025 and are expected to commence operations by mid-2026. Management framed the deal as an international expansion that complements Patterson-UTI's drilling products presence in Argentina, including Ulterra drill bits.
Patterson-UTI Energy (NASDAQ:PTEN) will host a fourth quarter 2025 earnings conference call and webcast on Thursday, February 5, 2026 at 9:00 a.m. Central Time to discuss results for the quarter ended December 31, 2025.
Participants may dial (800) 715-9871 (North America) or (646) 307-1963 (International) and use Conference ID 5526772. The call will be webcast via the Investors section at investor.patenergy.com, and a replay will be available on the company's website for two weeks following the call.
Patterson-UTI Energy (NASDAQ:PTEN) reported an average of 93 drilling rigs operating in the United States for December 2025 and for the three months ended December 31, 2025.
The company defines average drilling rigs operating as rigs earning revenue under a drilling contract in the United States and warns that rig counts are one of many factors that can affect operating results.
Patterson-UTI said it intends to continue providing monthly updates on drilling rigs operating shortly after each month-end.
Patterson-UTI Energy (NASDAQ:PTEN) reported operating averages for November 2025. The company had an average of 93 drilling rigs operating in the United States in November 2025 and an average of 94 drilling rigs for the two months ended November 30, 2025.
The announcement clarifies that the averages represent rigs earning revenue under U.S. drilling contracts and cautions that multiple factors beyond rig counts can affect operating results; a trend in rigs operated may not indicate a trend in financial performance. The company said it will continue to provide monthly updates shortly after each month ends.
Patterson-UTI Energy (NASDAQ: PTEN) reported an average of 94 drilling rigs operating in the United States for October 2025.
The figure reflects the average number of the company's drilling rigs earning revenue under U.S. drilling contracts. The company cautioned that multiple factors beyond rig count can influence operating results and that changes in rig count may not indicate trends in financial performance. Patterson-UTI said it will continue to provide monthly updates on rigs operating shortly after each month end.
Patterson-UTI Energy (NASDAQ:PTEN) reported results for the quarter ended September 30, 2025: total revenue $1.2 billion, adjusted EBITDA $219 million, net loss attributable to common stockholders of $36 million and adjusted net loss of $21 million. The company returned $64 million to shareholders in Q3 via an $0.08 quarterly dividend and $34 million in share repurchases, and declared a quarterly dividend of $0.08 payable December 15, 2025.
Operational highlights: Drilling Services revenue $380 million; Completion Services revenue $705 million; Drilling Products revenue $86 million. Management expects moderating activity, Q4 adjusted D&A of ~$225 million, Q4 capex ~$140 million, and full-year 2025 capex now $600 million (before $33 million asset-sale benefit).
Patterson-UTI Energy (NASDAQ:PTEN) will host a third quarter 2025 earnings conference call on Thursday, October 23, 2025 at 9:00 a.m. Central Time to discuss results for the quarter ended September 30, 2025.
Dial-in access: (800) 715-9871 (North America) or (646) 307-1963 (International) using Conference ID 5526772. The call will be webcast via the Investors section at investor.patenergy.com. A replay will be available on the company website for two weeks after the call.