Patterson-UTI Q2 revenue $1.2B, net loss $20M; sees Q3 growth in drilling and completion

PATTERSON UTI ENERGY INC

Q2 total revenue $1.2B (+10% sequentially); net loss $20M; adjusted net income $1M.
Adjusted EBITDA $232M; declared $0.10/share dividend payable Sept 15, record Sept 1.
Drilling Services: avg 92 U.S. rigs, exit 96; 10-15% pricing increases on new term contracts.
Completion Services revenue $754M, adjusted gross profit $123M; revenue per pump hour up mid-single digit %.
Q3 outlook: Drilling Services avg ~100 rigs, adj. gross profit ~$145M; Completion adj. gross profit ~$140M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.