What is Patterson-UTI Energy's net income?

Patterson-UTI Energy (PTEN) reported net income of -$24.48M in Q1 2026.

How has Patterson-UTI Energy's net income changed year-over-year?

Patterson-UTI Energy's net income decreased by 1997.4% year-over-year, from $1.29M to -$24.48M.

What is the long-term trend for Patterson-UTI Energy's net income?

Over 4 years (2021 to 2025), Patterson-UTI Energy's net income has grown at a -38.6% compound annual growth rate (CAGR), from -$654.55M to -$93.05M.

What does net income mean?

Net income as the starting point for the indirect method operating cash flow reconciliation.

Patterson-UTI Energy PTEN Net Income

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-$55.86M-1,971%

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$22.56M+12.2%

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$71M+190%

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$109M+26.7%

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$20M-73.0%

Other financials

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

See full

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

See full

Operating cash flow$63.9M-69.3%

CapEx$116.6M-27.9%

Free cash flow-$52.8M-214%

Valuation

See full

Market cap$3.81B+29.4%

Enterprise value$4.74B+18.8%

P/S0.8×+0.2×

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×

Where this comes from

Reported directly by Patterson-UTI Energy in its filing.

Tagged under the XBRL concept us-gaap:ProfitLoss.

The official record: Patterson-UTI Energy’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Patterson-UTI Energy's net income?: Patterson-UTI Energy (PTEN) reported net income of -$24.48M in Q1 2026.
How has Patterson-UTI Energy's net income changed year-over-year?: Patterson-UTI Energy's net income decreased by 1997.4% year-over-year, from $1.29M to -$24.48M.
What is the long-term trend for Patterson-UTI Energy's net income?: Over 4 years (2021 to 2025), Patterson-UTI Energy's net income has grown at a -38.6% compound annual growth rate (CAGR), from -$654.55M to -$93.05M.
What does net income mean?: Net income as the starting point for the indirect method operating cash flow reconciliation.