Patterson-Uti Energy Inc

Latest Results (25.02.2026):

Patterson-UTI Energy Inc — Fourth Quarter 2025: The company reported fourth-quarter 2025 revenue of $1.15 billion, a net loss attributable to common stockholders of about $9 million (diluted EPS –$0.02) and adjusted EBITDA of $221 million. For full-year 2025, Patterson-UTI generated $961 million of cash from operations and $416 million of adjusted free cash flow, and the board increased the quarterly dividend 25% to $0.10 per share.

Quarterly financial headline

Q4 2025 revenue $1.15B; net loss attributable to common stockholders ~$9M; adjusted EBITDA $221M; diluted EPS (Q4) $(0.02).

Full‑year cash generation & capital return

FY2025 cash from operations $961M, adjusted free cash flow $416M. Company raised the quarterly dividend to $0.10/share (25% increase) and says it intends to return at least 50% of adjusted free cash flow to shareholders.

Segment performance (Q4 2025)

Drilling Services: revenue $361M, adjusted gross profit $132M (U.S. contract drilling ~8,596 operating days, ~93 rigs average). Completion Services: revenue $702M, adjusted gross profit $111M (steady activity/pricing vs. Q3). Drilling Products: revenue $84M, adjusted gross profit $34M.

Balance sheet and liquidity

Cash and restricted cash at Dec 31, 2025: $420.6M. Long‑term debt, net: $1.22B. Total assets $5.57B and total equity $3.225B (controlling interest $3.219B).

Near‑term outlook & 2026 guidance

Q1 2026: expect U.S. rig count in the low‑to‑mid 90s; Drilling Services adjusted gross profit down <5% vs. Q4; Completion Services adjusted gross profit ~$95M; Drilling Products slight improvement. Q1 SG&A ~ $65M and depreciation, depletion, amortization & impairment ~ $225M. Full‑year 2026 capex expected to be under $500M (net of asset sales).

Operations & technology initiatives

Patterson‑UTI highlighted expanded rig automation (Cortex®), new eos™ Completions Digital Platform and Vertex™ frac automation, plus a new drill‑bit manufacturing facility in Saudi Arabia — all positioned to improve efficiency and differentiate services.