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Patterson-UTI Energy PTEN Q1 2025 earnings

Reported April 23, 2025 · After market close

Revenue$1.3BBeat by $101.4M
EPS$0.00Beat by $0.04
Revenue estimate$1.2B
EPS estimate-$0.04

Next report

Oct 28, 2026 (in 3 months)
Revenue estimate$1.2B
EPS estimate$0.02

Financials

Q1 2025

Income statement

See full
Revenue$1.3B-15.2%
Operating income$16.9M-80.5%
Net income$1.0M-98.0%
EPS (diluted)$0.00-100%

Balance sheet

See full
Cash & equivalents$225.2M+32.3%
Total debt$1.3B-2.2%
Total equity$3.4B-27.7%
Total assets$5.8B-20.2%

Cash flow

See full
Operating cash flow$208.1M-43.1%
CapEx$161.8M-28.7%
Free cash flow$46.3M-66.7%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$3.18B-34.8%
Enterprise value$4.24B-29.6%
P/S0.6×-0.4×

Profitability

See full
Operating margin-18.6%-25.1pp
Net margin-19.8%-23.8pp
FCF margin7.9%-0.7pp

Returns & leverage

See full
Return on equity-24.9%-31.1pp
Debt / equity0.4×+0.1×
Current ratio1.6×+0.1×

Segments

By segment

See full
Completion Services$766.1M—
Drilling Services$412.9M-9.8%
Drilling Products$85.7M—
Other$15.9M—

By geography

See full
United States$1.2B-10.7%
Canada$8.7M+3.7%
Colombia$6.9M+125%

Versus estimates

Revenue

Q2 2026$1.2BBeat by $73.1MQ1 2026$1.1BBeat by $15.7MQ4 2025$1.2BBeat by $40.4MQ3 2025$1.2BBeat by $76.1MQ2 2025$1.2BBeat by $46.0M
Q1 2025$1.3BBeat by $101.4M

Diluted EPS

Q1 2026-$0.06Beat by $0.04Q4 2025-$0.02Beat by $0.09Q3 2025-$0.06Beat by $0.04Q2 2025-$0.06Miss by $0.02
Q1 2025$0.00Beat by $0.04

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Questions, answered.

When did Patterson-UTI Energy report Q1 2025 earnings?
Patterson-UTI Energy (PTEN) reported Q1 2025 earnings on April 23, 2025 after market close.
What were Patterson-UTI Energy's Q1 2025 revenue and EPS?
Patterson-UTI Energy reported revenue of $1.3B and eps of $0.00 for Q1 2025.
Did Patterson-UTI Energy beat estimates in Q1 2025?
Revenue beat the consensus estimate of $1.2B by $101.4M. EPS beat the consensus estimate of $-0.04 by $0.04.
How did Patterson-UTI Energy's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 15.2% from $1.5B a year earlier and eps declined 98.3% from $0.15.
Where can I find Patterson-UTI Energy's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0001628280-25-020675) directly on SEC EDGAR. The filing index links above go to sec.gov.