Earnings ·
Patterson-UTI reports Q3 revenue of $1.3B and declares $0.10 quarterly dividend
PTENPatterson Uti Energy Inc
Patterson-UTI Energy reported third-quarter 2026 total revenue of $1.3 billion, a 9% sequential increase, with net income attributable to common stockholders of $28 million and adjusted EBITDA of $264 million. The company declared a quarterly cash dividend of $0.10 per share, payable on December 15, 2026, to holders of record as of December 1, 2026. Management cited increased U.S. onshore drilling and completion demand supporting stronger pricing and returns. Patterson-UTI Energy is a leading provider of contract drilling, well completion, and directional drilling services to oil and natural gas exploration and production companies.