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Patterson-UTI Energy Inc. reports developments tied to drilling and completion services for oil and natural gas exploration and production companies. Recurring updates cover U.S. drilling rigs earning revenue under contract, quarterly financial results, segment performance in Drilling Services and Completion Services, and market conditions affecting U.S. land drilling and hydraulic fracturing activity.
The company also reports developments involving contract drilling, directional drilling, integrated well completion services, specialized drill bit solutions, and selected international activity. News may include customer agreements, fleet utilization commentary, technology and equipment investments, conference call notices, dividends, and operating trends across U.S. and other selected markets.
Patterson-UTI Energy (NASDAQ:PTEN) reported second quarter 2026 revenue of $1.23 billion, a 10% sequential increase. Net loss attributable to common stockholders was $20 million, while adjusted net income was $1 million, excluding a $21 million non-cash charge from exiting Contract Drilling in Colombia and a $5 million non-cash write-down of other noncontrolling investments. Adjusted EBITDA was $232 million.
Segment results included Drilling Services revenue of $374 million, Completion Services revenue of $754 million, Drilling Products revenue of $91 million, and Other revenue of $9 million. The board declared a quarterly dividend of $0.10 per share, payable September 15, 2026, to shareholders of record on September 1, 2026. For third quarter 2026, the company expects an average U.S. rig count of about 100 and adjusted gross profit of approximately $145 million in Drilling Services, $140 million in Completion Services, $40 million in Drilling Products, and $5 million in Other, with 2026 capital expenditures still projected at about $600 million.
Patterson-UTI Energy (NASDAQ: PTEN) will hold a second-quarter 2026 earnings conference call on Thursday, July 30, 2026, at 9:00 a.m. Central Time. Investors can join via North America dial-in, international dial-in, or webcast, with a replay available on the company website for one year.
Patterson-UTI Energy (NASDAQ:PTEN) reported an average of 95 drilling rigs operating in the United States for June 2026. For the three months ended June 30, 2026, the average was 92 rigs. Average rigs reflect rigs earning revenue under contract. The company noted that rig counts alone may not indicate financial performance and plans to continue monthly drilling activity updates.
Patterson-UTI Energy (NASDAQ:PTEN) reported an average of 92 drilling rigs operating in the United States during May 2026 and 90 rigs for the two months ended May 31, 2026.
These averages reflect rigs earning revenue under contracts. Patterson-UTI plans ongoing monthly activity updates and notes that rig counts alone may not indicate financial performance.
Patterson-UTI (NASDAQ:PTEN) reported an average of 88 drilling rigs operating in the United States during April 2026. The figure represents rigs that were earning revenue under U.S. drilling contracts. The company cautioned that rig counts alone may not indicate trends in financial performance and will continue monthly updates.
Patterson-UTI Energy (NASDAQ:PTEN) reported Q1 2026 results: Total revenue $1.1 billion, net loss $25 million, and Adjusted EBITDA $205 million. The company declared a quarterly dividend of $0.10 per share, payable June 15, 2026.
Segment highlights: Drilling Services revenue $352 million (8,301 U.S. operating days, average 92 rigs); Completion Services revenue $680 million with high utilization despite ~5 days of winter-storm downtime; Drilling Products revenue $80 million with 10–15% exposure to the Middle East. Second-quarter outlook provides segment adjusted gross profit and expense guidance.
Patterson-UTI Energy (NASDAQ:PTEN) will host a conference call on Thursday, April 23, 2026 at 9:00 a.m. Central Time to discuss results for the first quarter ended March 31, 2026.
Participants may join by North America dial-in, international dial-in, or live webcast via the Investors section at investor.patenergy.com; a replay will be available on the website for two weeks.
Patterson-UTI Energy (NASDAQ:PTEN) reported operational rig counts for March 2026. The company averaged 90 drilling rigs operating in the United States for March 2026 and averaged 92 drilling rigs for the three months ended March 31, 2026.
The announcement clarifies that "average drilling rigs operating" reflects rigs earning revenue under U.S. drilling contracts and cautions that rig counts alone may not indicate trends in financial results. The company said it will continue monthly updates shortly after each month-end.
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.