The financials
Patterson-UTI Energy, Inc. by the numbers
Patterson-UTI Energy, Inc. (PTEN) reported revenue of $1.22B in Q2 2026 (quarter ended June 30, 2026), up 0.6% from the same quarter a year earlier. That came with net loss of $20M. For the full year FY2025, revenue was $4.79B (−9.8% year on year) and net income −$94M. Its largest segment in 2026-Q2 was Completion Services at $754M, 57% of the disclosed total, just ahead of Drilling Services at 28%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $1.22B | $1.21B | +0.6% |
| Operating income | −$7.0M | −$29M | n/a |
| Net income | −$20M | −$49M | n/a |
| Diluted EPS | −$0.05 | −$0.13 | n/a |
| Operating | Revenue | Share |
|---|---|---|
| Completion Services | $754M | 57% |
| Drilling Services | $374M | 28% |
| Drilling Products | $91M | 6.9% |
| Drilling Products Member | $91M | 6.9% |
| Other | $9.5M | 0.7% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q2 2026Total $1.32B (+10%)
Other grew +22% year on yearDrilling Services -7.5% year on year
Segment Latestquarter on quarteryear on year
- Completion Services$753.6M$753.6MQoQ +11%year on year +4.8%+11%+4.8%
- Drilling Services$373.5M$373.5MQoQ +6.2%year on year -7.5%+6.2%-7.5%
- Drilling Products$91.3M$91.3MQoQ +14%year on year +3.3%+14%+3.3%
- Drilling Products Member$91.3M$91.3MQoQ +14%year on year +3.3%+14%+3.3%
- Other$9.5M$9.5MQoQ +52%year on year +22%+52%+22%
Oil & Gas Drilling
Ranks #4 of 9 by Smart Score