Q1 2025 revenue $1.3B, net income $1M; adjusted EBITDA $251M; Q2 guidance steady

PATTERSON UTI ENERGY INC

2025-Q1 EPS reported $0.00 revenue$1,280,537,000

Total revenue $1.3B, net income $1M, adjusted EBITDA $251M; cash from operations not disclosed.
Returned $51M to shareholders: $20M share repurchases, $0.08/share dividend payable June 16.
Drilling Services revenue $413M, adj. gross profit $165M; Completion Services $766M, $108M; Drilling Products $86M, $39M.
Q2 guidance: rig count steady vs Q1; slight decline in Drilling and Completion adj. gross profit; divested Great Plains Oilfield Rental.

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