Q4 25 EPS
$-0.02
BEAT +80.77%
Est. $-0.10
Q4 25 Revenue
$1.15B
BEAT +4.23%
Est. $1.10B
vs S&P Since Q4 25
-0.4%
TRAILING MARKET
PTEN +9.5% vs S&P +9.9%
Full Year 2025 Results
FY 25 EPS
$-0.24
BEAT +23.57%
Est. $-0.31
FY 25 Revenue
$4.83B
BEAT +0.91%
Est. $4.78B
Market Reaction
Did PTEN Beat Earnings? Q4 2025 Results
Patterson-UTI Energy delivered a sharper-than-expected Q4 2025, posting a loss of just $0.02 per share against a consensus estimate of $-0.12, an 83.33% beat, while revenue of $1.15 billion cleared the $1.11 billion estimate by 3.92%, even as sales s… Read more Patterson-UTI Energy delivered a sharper-than-expected Q4 2025, posting a loss of just $0.02 per share against a consensus estimate of $-0.12, an 83.33% beat, while revenue of $1.15 billion cleared the $1.11 billion estimate by 3.92%, even as sales slipped 1.0% year over year. The headline story was disciplined cost management: a combination of operational efficiencies and structural reductions narrowed the net loss to $9.09 million from $51.58 million in the prior-year quarter, while adjusted EBITDA held nearly flat at $221.07 million. Completion Services was the standout segment, with revenue climbing to $701.56 million from $650.85 million a year ago, supported by minimal holiday downtime and the launch of the company's proprietary eos Completions Digital Platform. Confidence in the cash generation outlook was underscored by a 25% dividend hike to $0.10 per share quarterly, with analysts subsequently raising price targets on the print. Looking into Q1 2026, management guided for U.S. Rig counts in the low-to-mid 90s and full-year capital expenditures below $500 million net of asset sales.
Key Takeaways
- • Successful cost reduction measures in Drilling Services largely offset revenue declines
- • Minimal holiday-related downtime in Completion Services with efficient frac schedule management
- • Near-record revenue per industry rig in U.S. Drilling Products
- • Completion Services adjusted EBITDA improved in second half of 2025 vs. first half due to fleet technology investments and cost structure improvements
- • Disciplined company-wide focus on cash management and capital allocation
PTEN YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
PTEN Revenue by Segment
With YoY comparisons, source: SEC Filings
“We closed 2025 with a strong fourth quarter, delivering steady results during what is typically a seasonally soft period. This performance reflects strong operational execution in our core businesses and continued cost control in a challenging commodity environment. The results for 2025 highlight the margin resilience of our diversified drilling and completion operations and the effectiveness of our team in executing our strategic objectives. Despite a challenging market in 2025, we again delivered on our objective for strong free cash flow generation at all points in the cycle.”
— Andy Hendricks, Q4 2025 Earnings Press Release
PTEN Earnings Trends
PTEN vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
PTEN EPS Trend
Earnings per share: estimate vs actual
PTEN Revenue Trend
Quarterly revenue: estimate vs actual
PTEN Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $-0.10 | $-0.06 | +41.75% | $1.12B | +1.82% |
| Q4 25 BEAT FY | $-0.10 | $-0.02 | +80.77% | $1.15B | +4.23% |
| FY Full Year | $-0.31 | $-0.24 | +23.57% | $4.83B | +0.91% |
| Q3 25 BEAT | $-0.11 | $-0.10 | +11.11% | $1.18B | +0.43% |
| Q2 25 MISS | $-0.04 | $-0.13 | -249.46% | $1.22B | +0.94% |
| Q1 25 BEAT | $-0.04 | $0.00 | +100.00% | $1.28B | +8.60% |