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Patterson-UTI Energy PTEN Q1 2026 earnings

Reported April 22, 2026 · After market close

Revenue$1.1BBeat by $15.7M
EPS-$0.06Beat by $0.04
Revenue estimate$1.1B
EPS estimate-$0.10

Next report

Date not yet announced

Financials

Q1 2026

Income statement

See full
Revenue$1.1B-12.7%
Operating income-$14.3M-184%
Net income-$24.6M-2,550%
EPS (diluted)-$0.06—

Balance sheet

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Cash & equivalents$337.2M+49.8%
Total debt$1.3B-1.8%
Total equity$3.2B-7.8%
Total assets$5.4B-7.0%

Cash flow

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Operating cash flow$63.9M-69.3%
CapEx$116.6M-27.9%
Free cash flow-$52.8M-214%

Valuation & ratios

Valuation

as of 07/28/26
See full
Market cap$3.57B+48.3%
Enterprise value$4.5B+28.3%
P/S0.8×+0.3×

Profitability

See full
Operating margin-1.5%-0.7pp
Net margin-2.6%-1.2pp
FCF margin6%-1.9pp

Returns & leverage

See full
Return on equity-3.6%-1.7pp
Debt / equity0.4×0.0×
Current ratio1.8×+0.2×

Segments

By segment

See full
Drilling Services$351.7M-14.8%

Versus estimates

Revenue

Q1 2026$1.1BBeat by $15.7M
Q4 2025$1.2BBeat by $40.4MQ3 2025$1.2BBeat by $76.1MQ2 2025$1.2BBeat by $46.0MQ1 2025$1.3BBeat by $101.4MQ4 2024$1.2BMiss by $99.2M

Diluted EPS

Q1 2026-$0.06Beat by $0.04
Q4 2025-$0.02Beat by $0.09Q3 2025-$0.06Beat by $0.04Q2 2025-$0.06Miss by $0.02Q1 2025$0.00Beat by $0.04Q4 2024-$0.12Miss by $0.02

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Questions, answered.

When did Patterson-UTI Energy report Q1 2026 earnings?
Patterson-UTI Energy (PTEN) reported Q1 2026 earnings on April 22, 2026 after market close.
What were Patterson-UTI Energy's Q1 2026 revenue and EPS?
Patterson-UTI Energy reported revenue of $1.1B and eps of $-0.06 for Q1 2026.
Did Patterson-UTI Energy beat estimates in Q1 2026?
Revenue beat the consensus estimate of $1.1B by $15.7M. EPS beat the consensus estimate of $-0.10 by $0.04.
How did Patterson-UTI Energy's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 12.7% from $1.3B a year earlier.
Where can I find Patterson-UTI Energy's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000889900-26-000026) and the 10-Q periodic report (0000889900-26-000033) directly on SEC EDGAR. The filing index links above go to sec.gov.