Patterson-UTI posts Q3 net loss of $36 million on revenue of $1.2 billion
Patterson-UTI reported a third-quarter 2025 net loss attributable to common stockholders of $36 million, or $0.10 per share, on revenue of $1.2 billion. Revenue and adjusted EBITDA both fell from the second quarter, though the net loss narrowed from $49 million, and the company declared an unchanged $0.08 quarterly dividend. Management lowered its 2025 capital expenditure budget to below $600 million and gave a mixed fourth-quarter outlook by segment.
Key points
- Q3 2025 revenue was $1.2 billion, down from $1.22 billion in Q2 2025 and $1.36 billion in Q3 2024.
- Net loss attributable to common stockholders was $36 million ($0.10 per share), versus a $49 million loss in Q2 2025; adjusted net loss was $21 million.
- Adjusted EBITDA was $219 million, down from $227 million in Q2 2025; a $20 million legal accrual weighed on results.
- For Q4 2025, Completion Services adjusted gross profit is expected to be about $85 million, and Drilling Services adjusted gross profit is expected to fall about 5% from Q3.
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 October 22, 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.