Patterson-UTI posts $49 million Q2 net loss as revenue falls to $1.2 billion
Patterson-UTI reported a second-quarter 2025 net loss attributable to common stockholders of $49 million, including a $28 million non-cash impairment tied to its Colombian drilling operations. Revenue was $1.2 billion, down from $1.28 billion in the first quarter and $1.35 billion a year earlier, and adjusted EBITDA fell to $231 million from $324 million in the second quarter of 2024. For shareholders, the filing also outlines a lower third-quarter Drilling Services gross profit outlook of approximately $130 million and a reduced 2025 maintenance capital expenditure expectation.
Key points
- Net loss attributable to common stockholders of $49 million, or $0.13 per diluted share, versus net income of $11 million a year earlier
- Total revenue of $1.2 billion; adjusted EBITDA of $231 million, compared with $324 million in the second quarter of 2024
- Third-quarter Drilling Services adjusted gross profit expected at approximately $130 million; 2025 capital expenditures expected to be less than $600 million
- Quarterly dividend of $0.08 per share declared, payable September 15, 2025 to holders of record as of September 2, 2025
The filing
Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 23, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.