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.
Revenue
$1.3B
Gross Profit
N/A
Operating Profit
$45.2M
Net Profit
$11.1M
Gross Margin
N/A
Operating Margin
3.4%
Net Margin
0.8%
YoY Growth
75.5%
EPS
$0.03
PATTERSON UTI ENERGY INC Q2 FY2024 Financial Summary
PATTERSON UTI ENERGY INC reported revenue of $1.3B (up 75.5% YoY) for Q2 FY2024, with a net profit of $11.1M (down 86.9% YoY) (0.8% margin).
Key Financial Metrics
| Total Revenue | $1.3B |
|---|---|
| Net Profit | $11.1M |
| Gross Margin | N/A |
| Operating Margin | 3.4% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
PATTERSON UTI ENERGY INC Q2 FY2024 revenue of $1.3B breaks down across 4 segments, led by Completion Services at $805.4M (60.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Completion Services | $805.4M | 60.5% |
| Drilling Services | $440.3M | 33.1% |
| Drilling Products | $86.1M | 6.5% |
| Other | $16.5M | 1.2% |
PATTERSON UTI ENERGY INC Revenue by Segment — Quarterly Trend
PATTERSON UTI ENERGY INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Completion Services and Drilling Services) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Drilling Services | — | $360.8M | $380.2M | $403.8M |
| Drilling Products | — | $83.8M | — | — |
| Other | — | $4.7M | $4.6M | $7.8M |
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).
| Year | Annual Revenue |
|---|---|
| 2025 | $4.8B |
| 2024 | $5.3B |
| 2023 | $4.1B |
| 2022 | $2.6B |
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 |