PTEN

The market expects Patterson-UTI (PTEN) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise. This provider of onshore contract drilling services is expected to post quarterly loss of $0.04 per share in its upcoming report, which represents a year-over-year change of +33.3%. Revenues are expected to be $1.14 billion, down 6.4% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 150% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. Price, Consensus and EPS Surprise Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power...

HOUSTON, TX / ACCESS Newswire / July 9, 2026 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) will host a conference call on Thursday, July 30, 2026, at 9:00 a.m. Central Time to discuss results for the second quarter ended June 30, 2026. Participants can access the call by dialing (833) 461-5787 in North America or (585) 542-9983 if International and referencing Meeting ID 227633549. The call will also be webcast and can be accessed through a link in the Investors section of the Company's website at investor.patenergy.com. A webcast replay of the conference call will be available on the Company's website for one year. 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 bit solutions in the United States, Middle East and many other regions around the world. For more information, visit https://www.patenergy.com/. Contact: Michael SabellaVice President, Investor Relations(281) 885-7589 SOURCE: Patterson-UTI Energy View the original press release on ACCESS Newswire

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Analysts have reset their fair value framework for Patterson-UTI Energy, moving the modeled fair value from about US$8.84 to roughly US$13.21, with recent price targets clustering in the low to mid teens. This shift is closely tied to new research that highlights higher Q2 EBITDA expectations, stronger assumptions for U.S. shale activity, and differing views on how commodity prices and sector cyclicality could influence the stock. As you read on, you will see how these evolving targets and narratives can shape the way you follow Patterson-UTI Energy from here. Stay updated as the Fair Value for Patterson-UTI Energy shifts by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Patterson-UTI Energy. Several firms, including Stifel, RBC Capital, Susquehanna, BofA and Goldman Sachs, have set Patterson-UTI Energy price targets in a US$13 to US$15 range, reflecting models that factor in higher Q2 EBITDA guidance and updated drilling and completions assumptions. Stifel, RBC Capital and Susquehanna tie their higher targets to Patterson-UTI Energy discussions at conferences and management meetings, highlighting momentum in drilling, completions and frac pricing in their valuation and earnings frameworks. Goldman Sachs points to Patterson-UTI Energy guidance tied to increased demand and pricing in North America drilling and pressure pumping, and updates its EBITDA estimates accordingly. BofA models Patterson-UTI Energy EBITDA above its broader coverage consensus for 2027 and 2028, which feeds into its higher price target and supports a constructive view on execution and medium term earnings power. Citi trims its Patterson-UTI Energy price target to US$10.50 and flags that land drillers are at a “crossroads,” with momentum into Q3 but with improvement after that described as at risk given the 2027 oil strip around US$66. Piper Sandler, while lifting its target to US$13, keeps a Neutral stance and notes that Patterson-UTI Energy shares slipped despite higher Q2 EBITDA guidance, underscoring how commodity moves and sector cyclicality can offset near term estimate revisions. Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there's more to the story. Hea...

Looking back on oilfield services stocks’ Q1 earnings, we examine this quarter’s best and worst performers, including Patterson-UTI (NASDAQ:PTEN) and its peers. Oilfield services companies provide equipment, technology, and services enabling exploration and production activities, including drilling, completion, well intervention, and reservoir evaluation. Their fortunes closely track upstream capital spending cycles. Tailwinds include increased drilling activity during favorable commodity environments, demand for efficiency-enhancing technologies, and growing offshore and unconventional resource development. Headwinds include significant revenue volatility tied to oil and gas price swings and producer spending discipline. Intense competition pressures pricing and margins, while the energy transition may structurally reduce long-term demand. Workforce availability and technological disruption require continuous adaptation. The 26 oilfield services stocks we track reported a strong Q1. As a group, revenues beat analysts’ consensus estimates by 3.8%. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 14.3% since the latest earnings results. Operating 135 Tier-1 super-spec rigs that can handle the industry's most demanding drilling projects, Patterson-UTI (NASDAQ:PTEN) provides contract drilling rigs, hydraulic fracturing, and drill bits to oil and gas operators. Patterson-UTI reported revenues of $1.12 billion, down 12.7% year on year. This print exceeded analysts’ expectations by 1.2%. Overall, it was a very strong quarter for the company with a beat of analysts’ EPS and EBITDA estimates. "We delivered another quarter of solid operating results, as our businesses successfully navigated a challenging commodity environment to start the year," said Andy Hendricks, Chief Executive Officer. Investor expectations, however, were likely higher than Wall Street’s published projections, leaving some wishing for even better results (analysts’ consensus estimates are those published by big banks and advisory firms, not the investors who make buy and sell decisions). The stock is down 19.9% since reporting and currently trades at $8.66. Is now the time to buy Patterson-UTI? Access our full analysis of the earnings results here, it’s free. Managing over 24 billion barrels of produced water annually across major U.S. shale pla...

Patterson-UTI has been on fire lately. In the past six months alone, the company’s stock price has rocketed 110%, reaching $12.21 per share. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation. Is it too late to buy PTEN? Find out in our full research report, it’s free. Operating 135 Tier-1 super-spec rigs that can handle the industry's most demanding drilling projects, Patterson-UTI (NASDAQ:PTEN) provides contract drilling rigs, hydraulic fracturing, and drill bits to oil and gas operators. A company’s long-term performance can give signals about its business quality. Even a bad business, especially in a cyclical industry, can shine for a year or so, but a top-tier one should exhibit resilience through cycles. Over the last five years, Patterson-UTI grew its sales at an incredible 38.7% compounded annual growth rate. Its growth surpassed the average energy upstream and integrated energy company and shows its offerings resonate with customers. In Energy, scale separates fragile single-asset producers from platform-style businesses that generate revenue across entire basins and infrastructure networks. Patterson-UTI’s $4.66 billion of revenue in the last year is mid-sized for the industry. While energy gross margins can be distorted by commodity prices, hedging, and short-term cost swings, sustained margins across a full cycle reflect a producer’s underlying asset quality, infrastructure position, and cost structure. Patterson-UTI, which averaged 30.2% gross margin over the last five years, exhibiting bottom-tier unit economics in the sector. It means the company will struggle at higher commodity prices than peers with better gross margins. Patterson-UTI’s positive characteristics outweigh the negatives, and after the recent rally, the stock trades at 6.4× forward EV-to-EBITDA (or $12.21 per share). Is now the time to buy despite the apparent froth? See for yourself in our comprehensive research report, it’s free. ONE MORE THING: Top 5 Growth Stocks. The biggest stock winners almost always had one thing in common before they ran. Revenue growing like crazy. Meta. CrowdStrike. Broadcom. Our AI flagged all three. They returned 315%, 314%, and 455%, respectively. Find out which 5 stocks it's flagging for this month - FREE. Get Our Top 5 Growth Stocks for Free HERE. Stocks that have ma...

Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Patterson-UTI Energy (PTEN) is back in focus after its latest quarterly report, where revenue and an adjusted net loss came in better than expected, supported by Drilling Services and Completion Services performance. The company also declared a quarterly dividend of $0.10 per share, a decision that has coincided with more constructive analyst estimates and a stronger sentiment backdrop around the stock. See our latest analysis for Patterson-UTI Energy. At a share price of $12.31, the stock has delivered a 90.26% year to date share price return and a 127.18% 1 year total shareholder return. The 47.25% 3 month share price return suggests momentum has recently been building alongside the earnings beat and dividend announcement. If Patterson-UTI Energy’s move has you thinking about where energy related capital expenditure could go next, it may be worth looking at 35 power grid technology and infrastructure stocks With the stock up sharply and trading only around 2% below the average analyst price target, but with some models flagging a large intrinsic discount, investors now face a key question: is there still a buying opportunity here, or is the market already pricing in future growth? At a last close of $12.31 against a narrative fair value of $8.84, Patterson-UTI Energy is framed as richly priced in the most followed narrative, which leans heavily on long term activity, margin and multiple assumptions. Read the complete narrative. Want to see what kind of revenue path, margin reset, and future earnings multiple are baked into that fair value gap and overvaluation call? The full narrative joins those moving pieces into a single pricing story that is far more detailed than the headline discount. Result: Fair Value of $8.84 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, softness in drilling and completion activity, along with the ongoing capital needs for technology and equipment, could still challenge the optimistic fair value story investors are watching. Find out about the key risks to this Patterson-UTI Energy narrative. The crowd narrative points to Patterson-UTI Energy as about 39.3% overvalued against a fair value of $8.84, but the SWS DCF model tells a different story, with a futur...

A month has gone by since the last earnings report for Patterson-UTI (PTEN). Shares have added about 9.6% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Patterson-UTI due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent drivers for Patterson-UTI Energy, Inc. before we dive into how investors and analysts have reacted as of late. Patterson-UTI Energy reported a first-quarter 2026 adjusted net loss of 6 cents per share, narrower than the Zacks Consensus Estimate of a 10-cent loss. However, the bottom line decreased from the year-ago quarter's breakeven result due to a decrease in operating income in its Drilling Services, Completion Services and Drilling Products segments. Total revenues of $1.1 billion beat the Zacks Consensus Estimate by 3.1%. This was driven by higher-than-expected revenues from the Drilling Services and Completion Services segments. The Drilling Services and Completion Services segments reported revenues of $351.7 million and $679.6 million, which beat the consensus mark of $350 million and $37.1 million, respectively. However, the top line decreased about 12.8% year over year. This underperformance can be attributed to the decrease in year-over-year segment revenues. PTEN’s board of directors declared a quarterly dividend of 10 cents per share, payable on June 15, 2026, to its common shareholders of record as of June 1. Drilling Services: Revenues in this segment totaled $351.7 million, down 14.8% from the prior-year quarter’s figure of $412.9 million, but beat our estimate of $350 million. Operating income amounted to $44.3 million compared with $76.3 million in the first quarter of 2025. The figure beat our operating income estimate of $37.1 million. Completion Services: This segment’s revenues of $679.6 million decreased about 11.3% from the year-ago quarter’s figure of $766.1 million. However, the metric beat our estimate of $644 million. Operating loss totaled $20.7 million compared with a loss of $18.8 million in the first quarter of 2025 and was narrower than our estimate of $22.7 million. Drilling Products: This segment’s revenues of $79.8 million decreased about 6.8% from the year-ago quarter’s figure of $85.7 million and missed our estimate of $82 million. Oper...

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Patterson-UTI Energy (NasdaqGS:PTEN) has issued $500 million of senior notes due 2036. The company intends to redeem its existing notes due 2028 using proceeds from the new offering. The transaction reshapes the company’s debt maturity profile and is a significant balance sheet event. Patterson-UTI Energy, trading at $11.41, has seen the stock up 76.4% year to date and 106.2% over the past year. For investors watching NasdaqGS:PTEN, this new $500 million senior notes offering adds an important piece of information to the recent share price performance and the ongoing story around the company’s capital structure. The planned redemption of the 2028 notes, funded by the new 2036 issue, changes when the company will need to address a large portion of its debt. For readers tracking risk, refinancing activity and balance sheet flexibility, this move may be an important factor to weigh alongside recent returns and the current share price. Stay updated on the most important news stories for Patterson-UTI Energy by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Patterson-UTI Energy. Is Patterson-UTI Energy's balance sheet strong enough for future acquisitions? Dive into our detailed financial health analysis. ⚖️ Price vs Analyst Target: At US$11.41, the stock sits about 5% below the US$12.07 analyst target, which is within the typical 10% band. ✅ Simply Wall St Valuation: Shares are flagged as trading about 67.8% below an estimated fair value, which is a large implied discount. ✅ Recent Momentum: The 30 day return of roughly 1.6% shows modest positive momentum heading into this balance sheet change. There is only one way to know the right time to buy, sell or hold Patterson-UTI Energy. Head to the Simply Wall St company report for the latest analysis of Patterson-UTI Energy's Fair Value.. 📊 The new US$500 million 2036 notes and redemption of 2028 debt extend maturities, which may alter interest costs and funding flexibility. 📊 Watch how leverage, interest coverage and free cash flow trend after this transaction, alongside the current P/E of -36.3 and DCF based undervaluation flag. ⚠️ With earnings currently negative and the dividend not well covered by earnings, income focused investors ma...

This article first appeared on GuruFocus. Total Revenue: $1.117 billion for the first quarter. Net Loss: $25 million or $0.06 per share. Adjusted EBITDA: $205 million, including $3 million in early contract termination revenue. Drilling Services Revenue: $352 million with an adjusted gross profit of $134 million. Completion Services Revenue: $680 million with an adjusted gross profit of $98 million. Drilling Products Revenue: $80 million with an adjusted gross profit of $33 million. General and Administrative Expenses: $69 million for the first quarter. Depreciation, Depletion, Amortization, and Impairment Expense: $218 million. Total CapEx: $117 million, including $54 million in drilling services and $45 million in completion services. Cash on Hand: $337 million at the end of the first quarter. Quarterly Dividend: $0.10 per share payable June 15. Warning! GuruFocus has detected 6 Warning Sign with PTEN. Is PTEN fairly valued? Test your thesis with our free DCF calculator. Release Date: April 23, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Patterson-UTI Energy Inc (NASDAQ:PTEN) is experiencing strong field execution supported by technology and digital offerings, which is enhancing operational efficiency. The company is well-positioned to capture value from a higher US rig count as US shale activity increases. Patterson-UTI Energy Inc (NASDAQ:PTEN) is investing in newer natural gas-powered technologies, which are expected to generate strong returns and remain in demand. The company has a strong balance sheet with $337 million of cash on hand and no senior note maturities until 2028. Patterson-UTI Energy Inc (NASDAQ:PTEN) is seeing improving demand for completion services, with discussions on higher pricing reflecting rising demand and high industry utilization. The company reported a net loss attributable to common shareholders of $25 million or $0.06 per share for the first quarter. Patterson-UTI Energy Inc (NASDAQ:PTEN) experienced disruption in its Completion Services segment due to a January winter storm, impacting operations for five days. The conflict in the Middle East has increased risk in key regions, affecting operations and contributing to higher logistics and personnel costs. The company is facing meaningful inflation in key inputs, particularly tungsten, which is impacting its Drilling...

Management says demand is tightening and supply is constrained — completions are “sold out” of top-tier equipment and active completions assets are near full utilization, supporting a gradual pricing recovery with leading-edge rigs moving up from the low $30k/day and upgraded APEX rigs approaching $40k/day. Q1 results: revenue was $1.117 billion with a net loss of $25 million (‑$0.06/share) and adjusted EBITDA of $205 million; the company exited the quarter with $337 million cash, no borrowings on its $500 million revolver, and the board approved a $0.10 quarterly dividend. Patterson‑UTI is prioritizing returns over reactivating old diesel fleets and is directing capital to expand its Emerald natural gas‑powered fleet (targeting >15% of active horsepower by year‑end), while estimating modest reactivation and new‑build economics that require only incremental pricing improvement. Interested in Patterson-UTI Energy, Inc.? Here are five stocks we like better. Oil Shorts Are Crowded, 3 Names That Could Bring on a Squeeze Patterson-UTI Energy (NASDAQ:PTEN) executives said first-quarter results reflected strong execution across the company’s drilling and completions operations, while a shifting commodity backdrop is driving more constructive customer conversations about higher U.S. land activity later this year. President and CEO Andy Hendricks said the company entered 2026 with momentum from 2025, supported by “technology and digital offerings” across drilling and completions, and continued focus on cost discipline and customer service. Hendricks also argued that geopolitical risk and Middle East oil supply disruptions have “shifted materially” the commodity outlook since the start of the year, reinforcing the strategic role of U.S. oil and natural gas production. → Credo Stock Flashes Strong Bullish Signal—Upswing Just Starting Why Goldman Sachs Just Upgraded These 3 Stocks and What It Means Hendricks said customer budgets were largely set with crude assumptions “well below the current strip,” but noted oil prices are now “significantly above the mid-December levels assumed in many customers’ 2026 budgets.” He added that Patterson-UTI is “increasingly hearing that the strip is likely to incentivize additional incremental oil-directed drilling and completion activity in the H2 of this year,” and pointed to a WTI strip exiting 2027 at about $70 as supportive if it...

Patterson-UTI Energy, Inc. PTEN reported a first-quarter 2026 adjusted net loss of 6 cents per share, narrower than the Zacks Consensus Estimate of a 10-cent loss. However, the bottom line decreased from the year-ago quarter's breakeven result due to a decrease in operating income in its Drilling Services, Completion Services and Drilling Products segments. Total revenues of $1.1 billion beat the Zacks Consensus Estimate by 3.1%. This was driven by higher-than-expected revenues from the Drilling Services and Completion Services segments. The Drilling Services and Completion Services segments reported revenues of $351.7 million and $679.6 million, which beat the consensus mark of $350 million and $37.1 million, respectively. However, the top line decreased about 12.8% year over year. This underperformance can be attributed to the decrease in year-over-year segment revenues. Patterson-UTI Energy, Inc. price-consensus-eps-surprise-chart | Patterson-UTI Energy, Inc. Quote PTEN’s board of directors declared a quarterly dividend of 10 cents per share, payable on June 15, 2026, to its common shareholders of record as of June 1. Drilling Services: Revenues in this segment totaled $351.7 million, down 14.8% from the prior-year quarter’s figure of $412.9 million, but beat our estimate of $350 million. Operating income amounted to $44.3 million compared with $76.3 million in the first quarter of 2025. The figure beat our operating income estimate of $37.1 million. Completion Services: This segment’s revenues of $679.6 million decreased about 11.3% from the year-ago quarter’s figure of $766.1 million. However, the metric beat our estimate of $644 million. Operating loss totaled $20.7 million compared with a loss of $18.8 million in the first quarter of 2025 and was narrower than our estimate of $22.7 million. Drilling Products: This segment’s revenues of $79.8 million decreased about 6.8% from the year-ago quarter’s figure of $85.7 million and missed our estimate of $82 million. Operating profit totaled $5.1 million, compared with a profit of $6.7 million in the first quarter of 2025. The number also beat our operating profit estimate of $1.4 million. Other Services: Revenues amounted to $6.2 million, down almost 61% from the year-ago quarter’s figure of $15.9 million, but beat our estimate of $4.8 million. Operating profit amounted to $2.1 million against a profit of $...

Image source: The Motley Fool. Thursday, April 23, 2026 at 10 a.m. ET President & Chief Executive Officer — William Andrew Hendricks Executive Vice President & Chief Financial Officer — C. Andrew Smith William Andrew Hendricks: Thank you, Mike. Welcome to our first quarter earnings conference call. I am going to begin by saying we are hiring. Now let us get started. The 2026 built on our momentum from 2025 with strong field execution supported by our technology and digital offerings across our diversified drilling and completions businesses. Our team stayed focused on the same priorities that drove last year's results—staying close to customers, delivering high-quality services and products that help them operate efficiently, and aligning CapEx and operating costs with the opportunities ahead. We are proud of our performance and believe our position across all our businesses will allow us to continue delivering strong cash returns across a range of market conditions. The commodity outlook has shifted materially since the start of the year due to heightened geopolitical risk and oil supply disruptions in the Middle East, which will likely reshape global oil supply and demand balances for several years. These developments underscore the strategic importance of U.S. oil and natural gas production and reinforce the need for a diversified global energy supply base, with U.S. shale production more critical than ever. Over the past several years, even as expectations for U.S. shale activity have fluctuated, we have remained focused on operational excellence in our core businesses. We have consistently believed that excelling in our core operating businesses is critical to enhancing shareholder value regardless of the macro environment. Today, we are pleased with the efficiency of our operations, and as U.S. shale activity inflects higher, we believe the decisions we have made position us to capture outsized value from a higher U.S. rig count. As a predominantly shale services company, we will always evaluate opportunities to deploy capital and expand our exposure to other geographies and product lines. However, we will remain disciplined and focused on returns for any potential growth investment. Momentum appears to be shifting back toward U.S. land activity over the coming quarters, but our corporate priorities remain unchanged. We will continue investing in techn...