Patterson-UTI Energy
Provides land drilling, integrated well completions, and drill-bit solutions for oil and gas operators.
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Profile
Sells land drilling, directional drilling, integrated well-completion services, and drill-bit products to oil and gas operators, earning fees from rig daywork, field-service activity, and equipment sales. Completion Services contributes most revenue, and demand tracks customers' drilling and completion budgets.
Provides land contract drilling, directional drilling, wellbore-placement technology, and electrical controls through Drilling Services. Completion Services supplies hydraulic fracturing, wireline and pumping, cementing, natural-gas fueling, and proppant logistics, while Drilling Products manufactures drill bits and downhole tools for energy, geothermal, and mining customers.
Operations are concentrated in major U.S. onshore basins, with a smaller international contract-drilling presence and drill-bit sales spanning the Middle East and other markets. Basin density and an equipment platform spanning high-spec rigs, automation, pressure pumping, and logistics support coordinated well construction. Demand and utilization depend on customer drilling and completion budgets, which respond to oil and gas prices; hydraulic fracturing and field operations are also subject to environmental and workplace-safety regulation.
Company facts
Key statistics
Year to date +92.2% · Average volume (30d) 8.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 20, 2026 | Morgan Stanley | Reiterate | Outperform | $11 | $12 | |
| Aug 5, 2026 | Barclays | Reiterate | Overweight | $10 | $16 | |
| Aug 3, 2026 | Susquehanna | Reiterate | Positive | $12 | $13 | |
| Jul 31, 2026 | JP Morgan | Upgrade | Underweight | Neutral | ||
| Jul 15, 2026 | Morgan Stanley | Target | $10 | $11 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | −$0.04 | −$0.05 | −26.3% | $1.15B | $1.23B | +6.3% | +5.57% |
| Apr 22, 2026Q1 FY26 | −$0.10 | −$0.06 | +40.0% | $1.10B | $1.12B | +1.4% | +3.05% |
| Feb 4, 2026Q4 FY25 | −$0.11 | −$0.02 | +81.8% | $1.11B | $1.15B | +3.6% | +2.77% |
| Oct 22, 2025Q3 FY25 | −$0.10 | −$0.06 | +40.0% | $1.10B | $1.18B | +6.9% | +11.18% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.28B | $1.22B | $1.18B | $1.15B | $1.12B | $1.23B | |
| Gross profit | $87.3M | $28.1M | $56.5M | $58.0M | $268.2M | $280.6M | |
| Operating income | $16.9M | −$29.5M | −$28.1M | −$4.1M | −$14.3M | −$7.0M | |
| Net income | $1.0M | −$49.1M | −$36.4M | −$9.1M | −$24.6M | −$19.6M | |
| Diluted EPS | $0.00 | −$0.13 | −$0.10 | −$0.02 | −$0.06 | −$0.05 | |
| Gross margin | 6.8% | 2.3% | 4.8% | 5.0% | 24.0% | 22.9% | |
| Operating margin | 1.3% | -2.4% | -2.4% | -0.4% | -1.3% | -0.6% |
Fiscal years (4-quarter sums)FY21 $1.36B · FY22 $2.65B · FY23 $4.15B · FY24 $5.38B · FY25 $4.83B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $203.2M · Total debt $1.26B · Total assets $5.37B · Shareholders' equity $3.10B
Dividends
Raised for 5 straight years — most recently to $0.10 from $0.08 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 1, 2026 | Jun 1 | Jun 15 | $0.10 | |
| Mar 2, 2026 | Mar 2 | Mar 16 | $0.10 | raised from $0.08 |
| Dec 1, 2025 | Dec 1 | Dec 15 | $0.08 | |
| Sep 2, 2025 | Sep 2 | Sep 15 | $0.08 | |
| Jun 2, 2025 | Jun 2 | Jun 16 | $0.08 | |
| Mar 3, 2025 | Mar 3 | Mar 17 | $0.08 | |
| Dec 2, 2024 | Dec 2 | Dec 16 | $0.08 | |
| Sep 3, 2024 | Sep 3 | Sep 16 | $0.08 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 379.62M · Float 364.53M · 96.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 62.88M | 16.56% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 27.20M | 7.17% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 22.78M | 6.00% | 13F | Aug 11, 2026 |
| Vanguard Capital Management LLC | 16.68M | 4.39% | 13F | Aug 13, 2026 |
| Goldman Sachs Group Inc | 16.34M | 4.30% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | James Carl Stewart | director | −207,000 | $11.54 |
| Jun 8, 2026 | Forrest C. Robinson | officer: Chief Accounting Officer | −13,670 | $12.01 |
| Jun 5, 2026 | William Andrew JR Hendricks | director, officer: President & CEO | −200,000 | $11.64 |
| May 28, 2026 | James Michael Holcomb | officer: EVP & Chief Operating Officer | −150,000 | $11.47 |
| May 5, 2026 | Cesar Jaime | director | −10,000 | $12.29 |
Peers
- Liberty Energy
Direct completion-services rival in North American fracturing
- Halliburton
Global completions and drilling-technology competitor
- Helmerich & Payne
Competes directly in high-spec North American land drilling
- SLB
Broad well-construction and completions rival
- Nabors Industries
Overlaps in land drilling, rig technology, and directional services
- ProPetro
Permian-focused pressure-pumping and wireline competitor
- Baker Hughes
Contests drill bits, well construction, and completion tools
- Precision Drilling
North American land-drilling peer with U.S. rig overlap
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Patterson-UTI Energy | $12.42 | −0.11% | $4.72B | — | 73.3 | 1.0 | +0.7% |
| Liberty Energy | $19.12 | +0.47% | $3.10B | 25.6 | 289.3 | 0.7 | +14.0% |
| Halliburton | $36.73 | +1.53% | $30.22B | 18.9 | 14.3 | 1.4 | +3.7% |
| Helmerich & Payne | $42.55 | −0.05% | $4.25B | — | 31.6 | 1.1 | −0.6% |
| SLB | $57.61 | +0.50% | $85.09B | 28.0 | 20.2 | 2.3 | +5.0% |
| Nabors Industries | $91.71 | +0.04% | $1.36B | 6.8 | 50.3 | 0.4 | −2.2% |
| ProPetro | $10.81 | −1.59% | $1.35B | — | 57.2 | 1.2 | −6.2% |
| Baker Hughes | $62.78 | +0.60% | $61.95B | 20.1 | 23.4 | 2.2 | −2.4% |
| Precision Drilling | $90.15 | +0.07% | $1.16B | — | 13.0 | 0.8 | +6.8% |
| Median | 20.1 | 27.5 | 1.1 | +1.6% |