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Patterson-UTI Energy PTEN Drilling Services — Revenue

Other segment segments

Completion Services
$766.08M
Drilling Products
$83.77M
Other
$4.7M

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Other financials

Income statement

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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

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Market cap$3.81B+29.4%
Enterprise value$4.74B+18.8%
P/S0.8×+0.2×

Profitability

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

Returns & leverage

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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:Revenues.

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 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.