Patterson-UTI Q1 net loss $25M on $1.1B revenue; Q2 guide sees rig reactivations

PATTERSON UTI ENERGY INC

2026-Q1 EPS reported -$0.06 revenue$1,117,331,000

Q1 net loss $25M; adjusted EBITDA $205M; revenue $1.1B.
Drilling Services: revenue $352M, adj. gross profit $134M; avg 92 rigs working.
Completion Services: revenue $680M, adj. gross profit $98M; near full utilization.
Q2 outlook: Drilling Services avg ~90 rigs, adj. gross profit ~$130M including $5M reactivation costs.
Dividend declared $0.10/share, payable June 15, 2026; Middle East disruption impacted Drilling Products.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.92

PATTERSON UTI ENERGY INC reported the three months ended March 31, 2026 results: revenue $1.1 billion, net income Net Loss Attributable to Common Stockholders of $25 million.

Period: the three months ended March 31, 2026
Revenue: $1.1 billion
Net income: Net Loss Attributable to Common Stockholders of $25 million
Result: reported results

Exact text from the filing

PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the quarter ended March 31, 2026 . First Quarter 2026 Financial Results and Other Key Items • First Quarter 2026 Total Revenue of $1.1 billion • First Quarter 2026 Net Loss Attributable to Common Stockholders of $25 million

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Source: SEC EDGAR

accession 0000889900-26-000026

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