Patterson-UTI: Q1 Earnings Snapshot

Published: 2026-04-22 17:48:21 ET PTEN

Published on 04/22/2026 at 05:48 pm EDT

HOUSTON (AP) — HOUSTON (AP) — Patterson-UTI Energy Inc. (PTEN) on Wednesday reported a loss of $24.6 million in its first quarter.

On a per-share basis, the Houston-based company said it had a loss of 6 cents.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.

The provider of onshore contract drilling services posted revenue of $1.12 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $1.08 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PTEN at https://www.zacks.com/ap/PTEN

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