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 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.
Patterson-UTI Energy (NASDAQ:PTEN) reported operational rig counts for September 2025. For the month of September 2025, the company averaged 93 drilling rigs operating in the United States. For the three months ended September 30, 2025, the quarterly average was 95 drilling rigs in the United States.
The release clarifies that "average drilling rigs operating" equals rigs earning revenue under a drilling contract and cautions that rig counts alone may not predict financial results. Patterson-UTI will continue to provide monthly rig operating updates shortly after each month-end.
Patterson-UTI Energy (NASDAQ:PTEN) announced that board member Leslie Beyer has resigned from her position following her confirmation by the U.S. Senate as the Assistant Secretary for Land and Minerals Management at the U.S. Department of the Interior.
Beyer, who joined Patterson-UTI's board in September 2023, was praised by CEO Andy Hendricks for her contributions to the company and industry. Hendricks highlighted her role in shaping policy and supporting the energy workforce throughout her career.
Patterson-UTI Energy (NASDAQ:PTEN) has released its drilling activity report for August 2025. The company operated an average of 94 drilling rigs in the United States during August, showing a slight decrease from the two-month average of 96 rigs for July-August 2025.
The company emphasizes that drilling rig counts are just one of many factors affecting overall financial performance, and monthly trends in rig operations may not directly correlate with financial results. Patterson-UTI will continue to provide monthly updates on its drilling operations.
Patterson-UTI Energy (NASDAQ:PTEN) reported its drilling activity for July 2025, maintaining an average of 98 drilling rigs operating in the United States. These rigs were actively generating revenue under drilling contracts during the period.
The company emphasized that drilling rig count is just one of many factors affecting operational performance, and trends in rig count may not directly correlate with financial results. Patterson-UTI will continue to provide monthly updates on its drilling rig operations.
Patterson-UTI Energy (NASDAQ:PTEN) reported Q2 2025 financial results with total revenue of $1.2 billion and a net loss of $49 million, which included a $28 million non-cash asset impairment from Colombian operations. The company achieved Adjusted EBITDA of $231 million and returned $46 million to shareholders through dividends and buybacks.
Key operational highlights include 9,465 U.S. Contract Drilling operating days with an average of 104 rigs working in Q2. The Completion Services segment generated $719 million in revenue, while Drilling Products contributed $88 million. The company maintains $312 million in future dayrate drilling revenue from term contracts and expects to operate an average of 48 rigs under term contracts in Q3 2025.
Looking ahead, Patterson-UTI anticipates Q3 2025 rig count in the mid-90s and projects capital expenditures below $600 million for 2025. The company continues to invest in drilling automation technologies and digital solutions while maintaining strong liquidity.
Patterson-UTI Energy (NASDAQ:PTEN) has released its drilling activity report for June 2025. The company operated an average of 101 drilling rigs in the United States during June, showing a slight decrease from the three-month average of 104 rigs for the quarter ended June 30, 2025.
The company emphasizes that drilling rig counts are just one of many factors affecting financial performance, and monthly trends may not directly correlate with overall business results. Patterson-UTI will continue providing monthly updates on its drilling operations.