Patterson-UTI Energy Reports Q3 Earnings Beat and Increases Revenue Year-over-Year
Patterson-UTI Energy (PTEN) reported third-quarter financial results that exceeded analyst expectations for both top-line revenue and bottom-line earnings. The company posted GAAP earnings per share of $0.07, surpassing estimates by $0.03, while revenue reached $1.34 billion, representing a 13.6% increase compared to the previous year. In addition to the earnings beat, the company reported an adjusted EBITDA of $264 million for the third quarter. Management also declared a quarterly dividend of $0.10 per share, scheduled for payment on December 15, 2026, signaling continued capital return to shareholders amidst steady operational performance.
Tickers: $PTEN
Topics: dividend declaration earnings beat EBITDA revenue growth