PATTERSON UTI ENERGY INC (PTEN) Form 10-Q — Aug 4, 2026
Patterson-UTI Energy reported Q2 2026 revenue of $1.23 billion, up about 0.7% year over year, with the net loss attributable to common stockholders narrowing to $19.6 million, or $0.05 per share, from $49.1 million, or $0.13 per share, in Q2 2025. Adjusted EBITDA of $232 million improved from $205 million in Q1 2026, and management guided adjusted gross profit higher in all three segments for Q3 with an average U.S. rig count of roughly 100 expected.
Key figures
- Revenue
- 1227967000
- Guidance
- For Q3 2026, adjusted gross profit expected higher than Q2 in all three segments; average U.S. rig count expected at approximately 100, exiting the quarter above the quarterly average.
- Total Debt
- 1234173000
- Revenue Yoy
- +0.7% (Q2 2026 vs Q2 2025, derived from stated figures of $1,227,967K vs $1,219,320K)
- Cash Position
- 201024000
- Shares Outstanding
- 381384874
- Exit Rig Count
- 96
- Working Capital
- $588 million
- Notes Issued2036
- $500 million at 6.05% due May 15, 2036
- Marketed Rigs Total
- 148
- Notes Redeemed2028
- $483 million of 3.95% notes redeemed June 4, 2026
- Revolver Available
- $498 million
- Capex Six Months2026
- 272552000
- Oil Price Avg Q2 2026
- $95.65/bbl
- Tier1 Super Spec Rigs
- 137
- Average Us Rig Count Q2
- 92
- Colombia Exit Costs Q2
- 21000000
- Adjusted EBITDAQ1 2026
- 205042000
- Adjusted EBITDAQ2 2026
- 231886000
- Effective Tax Rate Q2 2026
- 31.0%
- Dividend Per Share Declared
- 0.1
- Us Contract Drilling Backlog
- $365 million
- Operating Cash Flow Six Months
- 119940000
- Equipment Purchase Commitments
- $169 million
- Remaining Buyback Authorization
- $694 million
- Operating Cash Flow Six Months2025
- 347890000
Price after filing
1 day: -5.5%7 days: +9.6%30 days: +30.3%
Close on the filing date to close N calendar days later (from $10.09). Historical, not a forecast.
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