Here are the 10-Q quarterly reports from Patterson-UTI Energy Inc (PTEN) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PTEN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PTEN filings page.
Patterson-UTI Energy, Inc. (PTEN) reported third-quarter 2026 revenue of $1,342.234 million, compared with $1,175.954 million a year earlier, and net income attributable to common stockholders of $28.353 million, versus a $36.402 million loss. For the first nine months, common-stockholder net loss was $15.876 million, compared with a loss of $84.541 million in 2025; operating cash flow was $420.876 million, versus $563.693 million.
Third-quarter sales of 13 rigs produced a $22.1 million gain. Patterson-UTI plans to exit Colombian contract drilling operations, with the exit expected to be substantially completed over the next year; related costs were $24.0 million for the nine months ended September 30, 2026. It issued $500 million of 6.05% senior notes due 2036; net proceeds before offering expenses of approximately $496 million were used to redeem the 2028 notes and for general corporate purposes. On June 4, 2026, it redeemed approximately $483 million of 2028 notes.
The board declared a $0.10-per-share cash dividend, payable December 15, 2026, to holders of record December 1, 2026. U.S. contract-drilling backlog was approximately $424 million as of September 30, 2026; approximately 22% was reasonably expected to remain at September 30, 2027.
Patterson-UTI Energy, Inc. reported Q2 2026 operating revenues of $1,227,967 (thousands), roughly flat year over year, and a net loss attributable to common stockholders of $19,602 (thousands), or $0.05 per share, an improvement from a $49,144 (thousands) loss a year earlier. For the first half of 2026, revenues were $2,345,298 (thousands) with a net loss of $44,229 (thousands).
Cash, cash equivalents and restricted cash declined to $203,169 (thousands) at June 30, 2026 from $420,642 (thousands) at year-end, as operating cash flow fell to $119,940 (thousands) and the company invested $272,552 (thousands) in capital expenditures. Long-term debt rose slightly to $1,234,173 (thousands) after issuing $500,000 (thousands) of 6.05% senior notes due 2036 and redeeming approximately $483,000 (thousands) of 3.95% notes due 2028.
Drilling, completion and drilling products segments all remained profitable at the operating level, but results included about $21,000 (thousands) of exit and disposal costs from winding down Colombian contract drilling operations. U.S. contract drilling backlog was approximately $365,000 (thousands), and the company continued returning cash through a $0.10 per-share quarterly dividend and modest share repurchases under a $1.0 billion authorization.
Patterson-UTI Energy, Inc. reported a net loss for the quarter ended March 31, 2026 as softer activity and pricing weighed on results. Operating revenues were $1.12 billion, down from $1.28 billion a year earlier, with declines across drilling services, completion services and drilling products.
The company posted a net loss attributable to common stockholders of $24.6 million, or $(0.06) per share, versus net income of $1.0 million in the prior-year quarter. Cash provided by operating activities was $63.9 million, supporting capital expenditures of $116.6 million and a quarterly dividend of $0.10 per share.
At quarter-end, Patterson-UTI had $337.2 million of cash and cash equivalents, total assets of $5.36 billion and long-term debt of $1.23 billion. The company reported U.S. contract drilling backlog of about $260 million and maintained an undrawn $500 million revolving credit facility, later extended in April 2026 for most commitments.
Patterson-UTI Energy (PTEN) reported Q3 2025 results showing lower activity across key segments. Revenue was $1,175,954 thousand, down from $1,357,222 thousand a year ago, with declines in Drilling Services and Completion Services. The company posted a net loss attributable to common stockholders of $36,402 thousand, an improvement from a loss of $978,761 thousand in Q3 2024, which included a large goodwill impairment.
For the nine months ended September 30, 2025, revenue was $3,675,811 thousand versus $4,215,776 thousand in 2024, and net loss attributable to common stockholders was $84,541 thousand versus $916,449 thousand. Cash from operations was $563,693 thousand, supporting $450,516 thousand in capital expenditures and $69,424 thousand of share repurchases year-to-date. Cash, cash equivalents and restricted cash were $186,913 thousand at quarter-end.
Total assets were $5,533,110 thousand and long-term debt was $1,220,716 thousand. PTEN had no borrowings on its $500,000 thousand revolving credit facility, with approximately $495,000 thousand available. Contract drilling backlog in the United States was approximately $256,000 thousand. The Board approved a $0.08 per-share cash dividend, payable December 15, 2025.