Patterson-UTI Reports Drilling Activity for November 2025
Rhea-AI Summary
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.
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Key Figures
Market Reality Check
Peers on Argus
PTEN slipped 0.79% with mixed peer action: HP, SDRL, SOC and NE were down between about 0.85% and 2.09%, while RIG rose 0.45%, suggesting a stock‑specific move rather than a broad sector trend.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 05 | Monthly rig report | Neutral | +0.0% | Reported <b>94</b> average U.S. drilling rigs for October 2025. |
| Oct 22 | Quarterly earnings | Neutral | +0.8% | Q3 2025 results with <b>$1.2B</b> revenue and net loss reported. |
| Oct 06 | Earnings call notice | Neutral | +2.1% | Announced Q3 2025 earnings call on <b>Oct 23, 2025</b>. |
| Oct 03 | Monthly rig report | Neutral | +4.5% | Reported <b>93</b> average U.S. drilling rigs for September 2025. |
| Sep 19 | Board change | Neutral | -3.3% | Director Leslie Beyer resigned after U.S. Senate confirmation. |
Recent PTEN headlines are mostly neutral operational or corporate updates, yet several have seen notable price moves, indicating the stock can react meaningfully even to routine disclosures.
Over the last few months, PTEN has focused on transparent operational and financial updates. Monthly rig activity reports for September, October, and now November 2025 highlighted U.S. rig counts in the low- to mid-90s and emphasized that rig trends may not predict financial performance. The Q3 2025 earnings release on October 22, 2025 detailed a net loss but significant shareholder returns. Board changes in September 2025 and the Q3 earnings call announcement rounded out a steady cadence of communications, with today’s report extending that rig-count series.
Market Pulse Summary
This announcement updates PTEN’s U.S. drilling activity, noting an average of 93 rigs operating in November 2025 and 94 over the two months ended November 30. Management reiterates that rig counts alone may not predict financial performance, pointing investors back to full operating results and capital allocation trends seen in recent filings. The continued monthly cadence of rig disclosures provides a consistent lens on activity levels to track alongside future earnings reports.
AI-generated analysis. Not financial advice.
HOUSTON, TX / ACCESS Newswire / December 9, 2025 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported that for the month of November 2025, the Company had an average of 93 drilling rigs operating in the United States. For the two months ended November 30, 2025, the Company had an average of 94 drilling rigs operating in the United States.
Average drilling rigs operating reported in the Company's monthly announcements represent the average number of the Company's drilling rigs that were earning revenue under a drilling contract in the United States. The Company cautioned that numerous factors in addition to average drilling rigs operating can impact the Company's operating results and that a particular trend in the number of drilling rigs operating may or may not indicate a trend in or be indicative of the Company's financial performance. The Company intends to continue providing monthly updates on drilling rigs operating shortly after the end of each month.
About Patterson-UTI
Patterson-UTI is a leading provider of drilling and completion services to oil and natural gas exploration and production companies in the United States and other select countries, including contract drilling services, integrated well completion services and directional drilling services in the United States, and specialized drill bit solutions in the United States, Middle East and many other regions around the world. For more information, visit www.patenergy.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements which are protected as forward-looking statements under the Private Securities Litigation Reform Act of 1995 that are not limited to historical facts, but reflect Patterson-UTI's current beliefs, expectations or intentions regarding future events. Words such as "anticipate," "believe," "budgeted," "continue," "could," "estimate," "expect," "intend," "may," "plan," "predict," "potential," "project," "pursue," "should," "strategy," "target," or "will," and similar expressions are intended to identify such forward-looking statements. The statements in this press release that are not historical statements, including statements regarding Patterson-UTI's future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance that are not historical facts, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond Patterson-UTI's control, which could cause actual results to differ materially from the results expressed or implied by the statements. These risks and uncertainties include, but are not limited to: adverse oil and natural gas industry conditions; global economic conditions, including inflationary pressures and risks of economic downturns or recessions in the United States and elsewhere; volatility in customer spending and in oil and natural gas prices that could adversely affect demand for Patterson-UTI's services and their associated effect on rates; excess availability of land drilling rigs, pressure pumping and directional drilling equipment, including as a result of reactivation, improvement or construction; competition and demand for Patterson-UTI's services; the impact of the ongoing conflict in Ukraine; strength and financial resources of competitors; utilization, margins and planned capital expenditures; liabilities from operational risks for which Patterson-UTI does not have and receive full indemnification or insurance; operating hazards attendant to the oil and natural gas business; failure by customers to pay or satisfy their contractual obligations (particularly with respect to fixed-term contracts); the ability to realize backlog; specialization of methods, equipment and services and new technologies, including the ability to develop and obtain satisfactory returns from new technology; the ability to retain management and field personnel; loss of key customers; shortages, delays in delivery, and interruptions in supply, of equipment and materials; cybersecurity events; synergies, costs and financial and operating impacts of acquisitions; difficulty in building and deploying new equipment; governmental regulation; climate legislation, regulation and other related risks; environmental, social and governance practices, including the perception thereof; environmental risks and ability to satisfy future environmental costs; technology-related disputes; legal proceedings and actions by governmental or other regulatory agencies; the ability to effectively identify and enter new markets; public health crises, pandemics and epidemics; weather; operating costs; expansion and development trends of the oil and natural gas industry; ability to obtain insurance coverage on commercially reasonable terms; financial flexibility; interest rate volatility; adverse credit and equity market conditions; availability of capital and the ability to repay indebtedness when due; our return of capital to stockholders; stock price volatility; and compliance with covenants under Patterson-UTI's debt agreements.
Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained from time to time in Patterson-UTI's SEC filings. Patterson-UTI's filings may be obtained by contacting Patterson-UTI or the SEC or through Patterson-UTI's website at http://www.patenergy.com or through the SEC's Electronic Data Gathering and Analysis Retrieval System (EDGAR) at http://www.sec.gov. Patterson-UTI undertakes no obligation to publicly update or revise any forward-looking statement.
Contact:
Michael Sabella
Vice President, Investor Relations
(281) 885-7589
SOURCE: Patterson-UTI Energy
View the original press release on ACCESS Newswire
FAQ
How many drilling rigs did Patterson-UTI (PTEN) operate in November 2025?
What was Patterson-UTI's average rig count for the two months ended November 30, 2025?
Does Patterson-UTI (PTEN) say rig count equals revenue or earnings trends for November 2025?
Will Patterson-UTI continue publishing monthly rig operating updates after November 2025?
What does Patterson-UTI mean by 'average drilling rigs operating' in the November 2025 report?
Where can investors find future Patterson-UTI (PTEN) monthly rig operating reports in 2026?
