Patterson-UTI Energy, Inc. (PTEN)

In Q3 2025, Patterson-UTI Energy reported a net loss of $36 million, or $0.10 per share, slightly missing EPS forecasts but surpassing revenue expectations at $1.18 billion. Wall Street Zen upgraded the company's rating to "hold," while Royal Bank of Canada raised its price target to $8.00. The company declared a quarterly dividend of $0.08 per share, maintaining a 22-year track record of dividend payments. Patterson-UTI has repurchased 44 million shares since the NexTier merger and Altera acquisition. In Q1 2025, the company reported steady operational performance with revenue of $1.281 billion and a net income of $1 million.

Demand seasonality for Patterson-UTI Energy's products and services is influenced by industry patterns, particularly affecting completion activities. The company anticipates normal seasonality to impact its completion services segment during the holidays. Drilling activity levels in the U.S. stabilized towards the end of Q3 2025, with expectations for relatively steady activity into 2026. The natural gas sector appears promising, with expectations of increased drilling and completion activities by 2026. U.S. activity levels in the oil sector stabilized towards the end of Q3 2025, despite expected seasonal variances in completion activities.

Patterson-UTI Energy, Inc. (PTEN) provides drilling and completion services to oil and natural gas exploration and production companies, operating in the energy sector. The company's business is segmented into Drilling Services, Completion Services, and Drilling Products. Its major services include contract drilling, integrated well completion, drilling products, directional drilling and tool rental, and natural gas-powered equipment.

Patterson-UTI Energy, Inc. primarily serves oil and natural gas operators in the United States. The company also has an international presence in select countries, including the Middle East, for specialized bit solutions. Its U.S. onshore operations span various oil and gas basins.

Patterson-UTI Energy's brand reputation is characterized by technological innovation, operational efficiency, and resilience. The company focuses on technological advancements, including expanding its Emerald fleet and introducing digital and AI technologies. Despite a net loss in Q3 2025, the company demonstrated resilience in revenue generation. Patterson-UTI is committed to returning at least 50% of its annual free cash flow to shareholders. Analysts generally maintain a "Hold" rating, expressing cautious optimism due to the company's strategic initiatives and operational discipline.

Patterson-UTI Energy, Inc. has a diverse ownership structure, including institutional investors, individual shareholders, and company insiders. Approximately 61.25% of the company's stock is owned by institutional investors, with major holders including BlackRock, Inc. and Vanguard Group Inc. Individual retail investors hold approximately 36.14% of the stock. Company executives and board members hold about 2.61% of the company's stock.