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Patterson-UTI Energy (PTEN) investor relations material
Patterson-UTI Energy Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 2025 revenue was $1.18 billion, with adjusted EBITDA of $219 million and an adjusted net loss of $21 million; net loss attributable to common shareholders was $36 million ($0.10 per share), a significant improvement from the prior year.
Maintained strong operational execution and margin resiliency amid a challenging and cyclical market, with continued investment in technology and digital platforms.
Enhanced commercial strategies through service integration, performance-based agreements, and cost structure improvements.
Returned $64 million to shareholders in Q3 via dividends and share repurchases; declared a $0.08/share dividend for Q4.
Maintained strong liquidity with $500 million in working capital and $495 million available under its credit facility as of September 30, 2025.
Financial highlights
Q3 2025 revenues were $1.18 billion, with adjusted EBITDA of $219 million and adjusted gross profit of $282.1 million.
Net loss attributable to common shareholders was $36 million ($0.10 per share); adjusted net loss was $21 million.
Adjusted free cash flow for the first nine months of 2025 was $146 million.
Cash and equivalents at quarter-end were $187 million.
Returned $64 million to shareholders in Q3; 9% share count reduction since 2023.
Outlook and guidance
Q4 2025 Drilling Services rig count expected to remain steady, with adjusted gross profit projected to decline ~5% sequentially.
Completion Services Q4 adjusted gross profit expected at ~$85 million, with less seasonality than prior year.
Drilling Products Q4 adjusted gross profit expected to improve slightly, especially internationally.
Full-year 2025 capital expenditures now expected below $600 million.
Free cash flow expected to remain strong into 2026, supporting continued shareholder returns.
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