PATTERSON UTI ENERGY INC (PTEN) Form 10-Q — Nov 2, 2026
Patterson-UTI returned to profitability in Q3 2026, posting $1.34 billion in revenue (up 14% YoY) and net income attributable to common stockholders of $28.4 million ($0.07 per diluted share) versus a $36.4 million loss a year earlier.
Key figures
- Eps
- 0.07
- Revenue
- 1342234000
- Net Income
- 28353000
- Total Debt
- 1234495000
- Revenue Yoy
- Q3 +14.2% ($1,342.2M vs $1,176.0M); nine months roughly flat ($3,687.5M vs $3,675.8M)
- Cash Position
- 337132000
- Shares Outstanding
- 379418798
- Total assets
- 5451905000
- Gain on rig sales
- $22.1 million
- Rig count exit q3
- 104
- Dividend per share
- 0.1
- Q4 rig count guidance
- 104
- Adjusted ebitda q3 2026
- 263888000
- Average us rig count q3
- 101
- Available credit facility
- $498 million
- Contract drilling backlog us
- $424 million
- Buyback remaining authorization
- $669 million
- Colombia exit costs nine months
- $20.0 million
AI analysis
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