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Patterson-UTI Energy PTEN Drilling Services — Revenue
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Where this comes from
Reported directly by Patterson-UTI Energy in its filing.
Tagged under the XBRL concept us-gaap:Revenues.
The source filing: Patterson-UTI Energy’s 10-Q, filed April 28, 2026.
- Filed
- Apr 28, 2026, 4:06 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0000889900-26-000033
| Line item | Three Months Ended March 31, 2026 | 2025 |
|---|---|---|
| Operating revenues: | ||
| Drilling Services | $351,717 | $412,860 |
| Completion Services | 679,587 | 766,080 |
| Drilling Products | 79,797 | 85,663 |
| Other | 6,230 | 15,934 |
| Total operating revenues | 1,117,331 | 1,280,537 |
| Operating costs and expenses: | ||
| Drilling Services | 217,861 | 247,629 |
ITEM 1. Financial Statements
FAQ
- What is Patterson-UTI Energy's drilling services — revenue?
- Patterson-UTI Energy (PTEN) reported drilling services — revenue of $351.72M in Q1 2026.
- How has Patterson-UTI Energy's drilling services — revenue changed year-over-year?
- Patterson-UTI Energy's drilling services — revenue decreased by 14.8% year-over-year, from $412.86M to $351.72M.
- What is the long-term trend for Patterson-UTI Energy's drilling services — revenue?
- Over 3 years (2021 to 2025), Patterson-UTI Energy's drilling services — revenue has grown at a 24.6% compound annual growth rate (CAGR), from $805.3M to $1.56B.
- What does drilling services — revenue mean?
- Represents the total gross revenue generated from providing land rig drilling services to oil and gas exploration and production customers. This metric reflects the top-line performance of the drilling segment, driven by rig utilization rates and average daily revenue per rig.
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