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AI brief of an SEC Form 8-K · Patterson-UTI Energy (PTEN)

Patterson-UTI Q3 net income $28 million vs. loss a year ago; revenue $1.3 billion

Positive Impact 3 of 5 earnings

Patterson-UTI reported third-quarter 2026 revenue of $1.3 billion, up 9% from the prior quarter, and net income attributable to common stockholders of $28 million, or $0.07 per diluted share, compared with a loss of $36 million in the same quarter of 2025. The company also declared a $0.10 quarterly dividend and gave fourth-quarter adjusted gross profit targets for its drilling and completion segments, with Drilling Products expected to decline.

Key points

  • Q3 2026 revenue of $1.3 billion, up 9% sequentially; Q3 2026 Adjusted EBITDA of $264 million
  • Net income attributable to common stockholders of $28 million ($0.07 per diluted share) versus a $20 million loss in Q2 2026
  • Q4 2026 outlook: Drilling Services adjusted gross profit of $150 million and Completion Services of $140 million; Drilling Products expected to fall 5-10% sequentially
  • Declared a $0.10 per share dividend payable December 15, 2026 to holders of record as of December 1, 2026

The filing

CompanyPatterson-UTI Energy (PTEN)
Form8-K, current report
Filed with the SECOct 28, 2026, 6:55 PM ET
Accession number0000889900-26-000070

Items reported: 2.02 Results of Operations8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.

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.