Q2 2026 saw 10% sequential revenue growth to $1.23B, driven by strong demand and pricing for high-spec rigs and gas-powered completion equipment. Strategic investments and fleet upgrades are underway, with free cash flow and margins expected to improve in H2 2026 and 2027.Based on Patterson-UTI Ene…
Q2 saw a sharp rise in activity and pricing, with rig count and frac fleet utilization both climbing. Strategic investments in technology and natural gas-powered equipment are driving competitive advantage, while strong guidance for Q3 and 2027 free cash flow improvement support a positive outlook…
Oilfield services company Patterson-UTI NASDAQ:PTEN reported revenue ahead of Wall Street’s expectations in Q2 CY2026, but sales were flat year on year at $1.23 billion. Its GAAP loss of $0.05 per share was $0.02 below analysts’ consensus estimates.Patterson-UTI (PTEN) Q2 CY2026 Highlights:"We deli…
Patterson-UTI Energy (NASDAQ:PTEN) reported 95 U.S. operating rigs in June and a three‑month average of 92 through June 30, 2026, and will continue monthly rig updates; the company will present Q2 2026 results on July 30 at 9:00 a.m. CT with a webcast and one‑year replay.Previous Week Recap…
What Happened? A number of stocks jumped in the afternoon session after President Trump declared the Iran ceasefire "over" and threatened fresh strikes, sending oil prices sharply higher and lifting the broad energy complex.Oilfield services firms (the companies that supply rigs, fracking crews, dr…
HOUSTON, TX / ACCESS Newswire / July 6, 2026 / PATTERSON-UTI ENERGY, INC. NASDAQ:PTEN today reported that for the month of June 2026, the Company had an average of 95 drilling rigs operating in the United States. For the three months ended June 30, 2026, the Company had an average of 92 drilling ri…
Patterson-UTI Energy (NASDAQ:PTEN) reported Q1 revenue of $1.12B, down 12.7% YoY, but topped earnings and EBITDA estimates; despite the beat, the stock has slid about 19.9% to near $8.66 and Citigroup kept a Neutral rating while trimming its target to $10.50.Previous Week Recap This is…
(14:38 GMT) Patterson-UTI Price Target Cut to $10.50/Share From $11.00 by Citigroup
