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Financials · PTEN

Patterson-UTI Energy Inc. (PTEN) financials

For the twelve months ended Sep 30, 2026, Patterson-UTI Energy Inc. reported $4.84B of revenue and -$24.49M of net income.

Revenue, TTM
$4.84B
Revenue growth, YoY
+0.0%
Net income, TTM
-$24.49M
Net margin
-0.5%
Free cash flow, TTM
$265.98M
EPS, diluted, TTM
-$0.05
Cash
$337.13M
Total debt
$1.23B
P/S
0.78
Market cap
$3.76B
Annual revenue$4.83B
FY2016FY2025
Annual net income-$93.64M
FY2016FY2025
Annual free cash flow$372.19M
FY2016FY2025

PTEN revenue and earnings growth

PTEN revenueQ3 2026$1.34B

Quarter YoY
+14.1%
QoQ
+9.3%
FY YoY
-10.3%
5Y CAGR
+33.8%
10Y CAGR
+9.8%

PTEN revenue was $1.34B in fiscal Q3 2026 (ended Sep 30, 2026), up 14.1% from a year earlier and up 9.3% from the prior quarter. For the full fiscal 2025 it was $4.83B, down 10.3% from fiscal 2024. Compound annual growth was +33.8% over 5 years and +9.8% over 10 years. It rose in 6 of the last 10 fiscal years.

PTEN net incomeQ3 2026$28.35M

PTEN net income was $28.35M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$36.40M a year earlier. For the full fiscal 2025 it was -$93.64M, compared with -$968.03M in fiscal 2024.

PTEN EPSQ3 2026$0.07

PTEN diluted EPS was $0.07 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.10 a year earlier. For the full fiscal 2025 it was -$0.24, compared with -$2.44 in fiscal 2024.

PTEN free cash flowQ3 2026$159.58M

Quarter YoY
+123.7%
FY YoY
-25.1%
5Y CAGR
+22.8%
10Y CAGR
+3.8%

PTEN free cash flow was $159.58M in fiscal Q3 2026 (ended Sep 30, 2026), up 123.7% from a year earlier. For the full fiscal 2025 it was $372.19M, down 25.1% from fiscal 2024. Compound annual growth was +22.8% over 5 years and +3.8% over 10 years. It rose in 2 of the last 3 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$4.83B$5.38B$4.15B$2.65B$1.36B$1.12B$2.47B$3.33B$2.36B$915.87M
Selling, general and admin$255.07M$268.34M$169.96M$116.59M$92.38M$97.61M$133.51M$134.07M$105.85M$69.20M
Operating income-$40.83M-$889.74M$351.95M$211.03M-$677.75M-$892.26M-$461.58M-$322.18M-$292.54M-$456.23M
Interest expense$70.51M$71.96M$52.87M$40.26M$41.98M$40.77M$75.20M$51.58M$37.47M$40.37M
Pre-tax income-$102.99M-$956.95M$307.10M$167.86M-$719.78M-$931.02M-$530.38M-$367.41M-$327.80M-$496.20M
Income tax-$9.94M$9.45M$61.15M$13.20M-$62.70M-$127.33M-$104.67M-$45.99M-$333.71M-$177.56M
Net income-$93.64M-$968.03M$246.29M$154.66M-$654.54M-$803.69M-$425.70M-$321.42M$5.91M-$318.63M
EPS, basic-$0.24-$2.44$0.88$0.72-$3.36-$4.27-$2.10-$1.47$0.03-$2.18
EPS, diluted-$0.24-$2.44$0.88$0.70-$3.36-$4.27-$2.10-$1.47$0.03-$2.18
Diluted shares383.5M397.2M280.1M219.5M195,021188,013203,039218.6M199.9M146.2M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$420.64M$241.29M$192.68M$137.55M$117.52M$224.91M$174.19M$245.03M$42.83M$35.15M
Receivables$723.28M$763.81M$971.09M$565.52M$356.08M$160.21M$339.70M$558.82M$580.35M$148.09M
Inventory$160.28M$167.02M$180.81M$65.38M$42.36M$33.09M$36.36M$65.58M$69.17M$20.19M
Current assets$1.42B$1.30B$1.49B$829.42M$583.65M$477.96M$631.82M$950.20M$746.86M$246.88M
Goodwill$487.39M$487.39M$1.38B$0$0-$395.06M$410.76M$611.47M$86.23M
Total assets$5.57B$5.83B$7.42B$3.14B$2.96B$3.30B$4.44B$5.47B$5.76B$3.77B
Current liabilities$863.64M$841.99M$1.05B$550.97M$435.85M$273.72M$400.60M$526.32M$546.25M$264.81M
Short-term debt$0$6.39M$12.23M$0------
Long-term debt$1.22B$1.22B$1.22B$830.94M$852.32M$901.48M$966.54M$1.12B$598.78M$598.44M
Total debt$1.22B$1.23B$1.24B$830.94M$852.32M$901.48M$966.54M$1.12B$598.78M$598.44M
Total liabilities$2.35B$2.36B$2.60B$1.48B$1.35B$1.28B$1.61B$1.96B$1.78B$1.52B
Shareholders' equity$3.22B$3.48B$4.82B$1.67B$1.61B$2.02B$2.83B$3.51B$3.98B$2.25B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$961.22M$1.18B$1.01B$566.19M$95.50M$278.86M$696.20M$730.67M$300.71M$305.03M
Capital expenditures$589.03M$678.39M$615.69M$436.80M$166.32M$145.48M$347.51M$641.46M$567.09M$119.80M
Free cash flow$372.19M$497.15M$390.22M$129.39M-$70.82M$133.38M$348.69M$89.21M-$266.38M$185.24M
Investing cash flow-$567.15M-$654.74M-$1.02B-$413.23M-$131.59M-$124.98M-$301.76M-$584.55M-$1.01B-$97.75M
Financing cash flow-$210.73M-$474.99M$65.57M-$133.38M-$71.93M-$103.15M-$465.22M$56.86M$716.57M-$285.28M
Dividends paid$122.45M$126.79M$100.03M$43.10M$15.61M$18.86M$32.43M$30.59M$16.32M$23.58M
Share repurchases$69.64M$290.43M$200.71M$70.07M$6.33M$21.18M$255.47M$161.74M$6.81M$3.61M
Stock-based compensation$39.29M$46.35M$46.75M$21.10M$21.56M$26.57M$39.33M$37.92M$44.48M$28.32M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-10.3%29.7%56.6%95.1%20.7%-54.5%-25.7%41.2%157.3%-51.6%
Net income growth, YoY--59.2%-------
EPS growth, YoY--25.7%-------
Operating margin-0.8%-16.5%8.5%8.0%-49.9%-79.4%-18.7%-9.7%-12.4%-49.8%
Net margin-1.9%-18.0%5.9%5.8%-48.2%-71.5%-17.2%-9.7%0.3%-34.8%
Free cash flow margin7.7%9.2%9.4%4.9%-5.2%11.9%14.1%2.7%-11.3%20.2%
Return on equity-2.9%-27.9%5.1%9.3%-40.7%-39.9%-15.0%-9.2%0.1%-14.2%
Return on assets-1.7%-16.6%3.3%4.9%-22.1%-24.4%-9.6%-5.9%0.1%-8.4%
Current ratio1.641.541.411.511.341.751.581.811.370.93
Debt to equity0.380.350.260.500.530.450.340.320.150.27

Source: XBRL data Patterson-UTI Energy Inc. files with the SEC, latest filing dated Nov 2, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

PTEN peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
PTEN$4.84B+0.0%-$24.49M-0.5%$3.76B
SHEL$273.73B-5.3%$17.84B6.5%$274.09B
TTE$201.20B-6.2%$13.13B6.5%$191.61B
PBR$89.19B-2.4%$19.63B22.0%$119.38B
CNQC$38.76B+8.7%C$10.82B27.9%$100.44B
E€82.15B-7.5%€2.61B3.2%$87.24B
EOG$29.73B+31.7%$8.19B27.5%$77.17B
OXY$22.00B+7.8%$6.53B29.7%$56.35B
OKE$43.19B+36.8%$4.07B9.4%$53.71B

PTEN FAQ

8 questions
  • What is PTEN revenue?
    Patterson-UTI Energy Inc. (PTEN) reported $4.84B of revenue for the twelve months ended Sep 30, 2026. That is up 0.0% from the year before. Revenue for fiscal 2025 was $4.83B.
  • Is PTEN profitable?
    No. Patterson-UTI Energy Inc. reported a net loss of $24.49M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does PTEN have?
    Patterson-UTI Energy Inc. reported $337.13M in cash and cash equivalents and $1.23B of debt on its most recent balance sheet in SEC filings.
  • How fast is PTEN revenue growing?
    Patterson-UTI Energy Inc.'s revenue changed -10.3% in fiscal 2025, to $4.83B. Its compound annual growth rate was +33.8% over 5 years and +9.8% over 10 years.
  • What is PTEN free cash flow?
    Patterson-UTI Energy Inc. generated $265.98M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $818.40M less capital expenditures.
  • What is PTEN earnings per share?
    Diluted earnings per share were -$0.05 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did PTEN last report financial results?
    The latest statements here come from Patterson-UTI Energy Inc.'s 10-Q filed on Nov 2, 2026, covering the period ended Sep 30, 2026.
  • Where does this PTEN financial data come from?
    Quantisnow builds these statements from the structured XBRL data Patterson-UTI Energy Inc. files with the SEC. It is provided for information only and is not investment advice.