PATTERSON UTI ENERGY INCPTENEarnings & Financial Report
Patterson UTI Energy Inc. is a leading oilfield services provider offering onshore contract drilling, pressure pumping, well completion and related support services. It primarily serves upstream oil and gas operators across North America, operating in major unconventional resource basins including shale and tight gas formations.
PTEN Q1 FY2026 Key Financial Metrics
Revenue
$1.1B
Gross Profit
N/A
Operating Profit
N/A
Net Profit
$-24.5M
Gross Margin
N/A
Operating Margin
N/A
Net Margin
-2.2%
YoY Growth
-12.7%
EPS
$-0.06
PATTERSON UTI ENERGY INC Q1 FY2026 Financial Summary
PATTERSON UTI ENERGY INC reported revenue of $1.1B (down 12.7% YoY) for Q1 FY2026, with a net profit of $-24.5M (down 170.8% YoY) (-2.2% margin).
Key Financial Metrics
| Total Revenue | $1.1B |
|---|---|
| Net Profit | $-24.5M |
| Gross Margin | N/A |
| Operating Margin | N/A |
| Report Period | Q1 FY2026 |
PATTERSON UTI ENERGY INC Annual Revenue by Year
PATTERSON UTI ENERGY INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $4.8B).
PATTERSON UTI ENERGY INC Quarterly Revenue & Net Profit History
PATTERSON UTI ENERGY INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $1.1B | -12.7% | $-24.5M | -2.2% |
| Q4 FY2025 | $1.1B | +0.0% | $-9.2M | -0.8% |
| Q3 FY2025 | $1.2B | -12.7% | $-36.4M | -3.1% |
| Q2 FY2025 | $1.2B | -9.0% | $-49.1M | -4.1% |
| Q1 FY2025 | $1.3B | -15.3% | $1.0M | 0.1% |
| Q4 FY2024 | $1.1B | -24.1% | $-51.4M | -4.5% |
| Q3 FY2024 | $1.3B | +32.7% | $-978.8M | -72.9% |
| Q2 FY2024 | $1.3B | +75.5% | $11.1M | 0.8% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.33B | $1.34B | $1.15B | $1.26B | $1.21B | $1.17B | $1.15B | $1.12B |
| YoY Growth | 75.5% | 32.7% | -24.1% | -15.3% | -9.0% | -12.7% | 0.0% | -12.7% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $7.02B | $5.96B | $5.83B | $5.77B | $5.58B | $5.53B | $5.57B | $5.36B |
| Liabilities | $2.41B | $2.39B | $2.36B | $2.33B | $2.23B | $2.28B | $2.35B | $2.19B |
| Equity | $4.60B | $3.56B | $3.47B | $3.43B | $3.34B | $3.25B | $3.22B | $3.17B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $197.5M | $296.3M | $315.8M | $208.1M | $139.7M | $215.8M | $397.5M | $63.9M |