Patterson-UTI Reports Q1 2026 Earnings with Revenue and Net Loss
Patterson-UTI (PTEN) reported Q1 2026 earnings with total revenue of $1.12 billion and a net loss of $25 million. The company's adjusted EBITDA was $205 million, with notable contributions from Drilling Services and Completion Services segments. The results reflect challenges from weather disruptions and market conditions.
Topics: Completion Services Drilling Services Earnings EBITDA Guidance Net Loss Revenue