Earnings Summary on Patterson-UTI Energy
Patterson-UTI Energy (NASDAQ:PTEN), a large oilfield services provider focused on drilling and completion operations across North America, reported financial results for Q2 2025 on July 23, 2025. The headline: GAAP revenue totaled $1.20 billion, slightly missing analyst estimates, while a net loss per share (GAAP) of $(0.13) was deeper than the expected $(0.04) per share. The company faced lower activity and a non-cash asset impairment, causing operating income (GAAP) and adjusted EBITDA (non-GAAP) to fall from last year’s levels. While technology adoption made progress, key profitability metrics and backlog continued to soften. Management’s overall tone for the quarter reflected the impact of volatile commodity prices and reduced revenue visibility.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
Patterson-UTI Energy provides contract drilling, hydraulic fracturing (which is used to unlock oil and gas from shale rock), and drilling product solutions to oil and natural gas producers throughout North America and select international regions. Its operations are divided into three main areas: Drilling Services, Completion Services, and Drilling Products. The company serves a mix of large independent and major oil and gas companies, positioning itself with technology-enabled equipment and service integration.
Source Fool.com
