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0:00 / 0:00I. Business Operations and Strategic Developments
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Patterson-UTI Navigates 12.7% Revenue Decline With Strategic Expansion Into Argentina

PTEN10-QFiling Date: 4/28/2026
Patterson-UTI Energy, Inc.
Description

What this story covers

Patterson-UTI Energy faces a $24.5 million net loss amid market volatility but maintains resilience through its 137 super-spec rigs, a $260 million U.S. backlog, and a strong commitment to shareholder returns via dividends and buybacks.

Story snapshot

CompanyPatterson-UTI Energy, Inc.
TickerPTEN
VariantStandard detailed
Duration11:48
Filing type10-Q
PeriodQ1 2026
IndustryEnergy
Accession0000889900-26-000033
Sources1

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Primary Sources

sec_filing10-QView on SEC.gov →

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