# Patterson Uti Energy Inc: overview

PTEN · Nasdaq · CIK 889900 · [Energy](/sectors/energy.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/pten.md) · [Financials](/companies/pten/financials.md) · [Filings](/companies/pten/filings.md) · [Insiders](/companies/pten/insiders.md)

Latest reported revenue: [$1.22bn](/filings/0000889900-26-000056.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 4, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0000889900-26-000056).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,342](/filings/0000889900-25-000074.md) | [1,146 d](/filings/0000889900-26-000013.md) | [1,265](/filings/0000889900-26-000033.md) | [1,212](/filings/0000889900-26-000056.md) | [1,171](/filings/0000889900-25-000074.md) | [1,146 d](/filings/0000889900-26-000013.md) | [1,111](/filings/0000889900-26-000033.md) | [1,218](/filings/0000889900-26-000056.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(73.8%)](/filings/0000889900-25-000074.md) | [(2.7%) d](/filings/0000889900-26-000013.md) | [1.3%](/filings/0000889900-26-000033.md) | [(2.4%)](/filings/0000889900-26-000056.md) | [(2.4%)](/filings/0000889900-25-000074.md) | [(0.0%) d](/filings/0000889900-26-000013.md) | [(1.3%)](/filings/0000889900-26-000033.md) | [(0.6%)](/filings/0000889900-26-000056.md) |
| Net margin | % | [(72.9%)](/filings/0000889900-25-000074.md) | [(4.5%) d](/filings/0000889900-26-000013.md) | [0.1%](/filings/0000889900-26-000033.md) | [(4.1%)](/filings/0000889900-26-000056.md) | [(3.1%)](/filings/0000889900-25-000074.md) | [(0.8%) d](/filings/0000889900-26-000013.md) | [(2.2%)](/filings/0000889900-26-000033.md) | [(1.6%)](/filings/0000889900-26-000056.md) |
| Diluted EPS | $ per share | [(2.50)](/filings/0000889900-25-000074.md) | not reported | [0.00](/filings/0000889900-26-000033.md) | [(0.13)](/filings/0000889900-26-000056.md) | [(0.10)](/filings/0000889900-25-000074.md) | not reported | [(0.06)](/filings/0000889900-26-000033.md) | [(0.05)](/filings/0000889900-26-000056.md) |
| Free cash flow | $m | [116 d](/filings/0000889900-25-000074.md) | [175 d](/filings/0000889900-26-000013.md) | [46.3](/filings/0000889900-26-000033.md) | [(4.5) d](/filings/0000889900-26-000056.md) | [71.3 d](/filings/0000889900-25-000074.md) | [259 d](/filings/0000889900-26-000013.md) | [(52.8)](/filings/0000889900-26-000033.md) | [(99.8) d](/filings/0000889900-26-000056.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,357](/filings/0000950170-24-020661.md) | [2,567](/filings/0000889900-25-000034.md) | [4,072](/filings/0000889900-26-000013.md) | [5,312](/filings/0000889900-26-000013.md) | [4,794](/filings/0000889900-26-000013.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(49.9%)](/filings/0000950170-24-020661.md) | [8.2%](/filings/0000889900-25-000034.md) | [8.6%](/filings/0000889900-26-000013.md) | [(16.7%)](/filings/0000889900-26-000013.md) | [(0.9%)](/filings/0000889900-26-000013.md) |
| Net margin | % | [(48.2%)](/filings/0000950170-24-020661.md) | [6.0%](/filings/0000889900-25-000034.md) | [6.0%](/filings/0000889900-26-000013.md) | [(18.2%)](/filings/0000889900-26-000013.md) | [(2.0%)](/filings/0000889900-26-000013.md) |
| Diluted EPS | $ per share | [(3.36)](/filings/0000950170-24-020661.md) | [0.70](/filings/0000889900-25-000034.md) | [0.88](/filings/0000889900-26-000013.md) | [(2.44)](/filings/0000889900-26-000013.md) | [(0.24)](/filings/0000889900-26-000013.md) |
| Free cash flow | $m | [(70.8)](/filings/0000950170-24-020661.md) | [129](/filings/0000889900-25-000034.md) | [390](/filings/0000889900-26-000013.md) | [497](/filings/0000889900-26-000013.md) | [372](/filings/0000889900-26-000013.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/pten/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $577.2m | 62,879,513 |  | Added +1,996,064 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $249.7m | 27,204,105 |  | Added +144,547 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $209.1m | 22,781,002 |  | Added +1,569,426 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $153.1m | 16,680,039 |  | Added +59,231 |
| [GOLDMAN SACHS GROUP INC](/funds/886982.md) | 2026-06-30 | $150.0m | 16,340,271 |  | Added +1,104,737 |
| [AMERICAN CENTURY COMPANIES INC](/funds/748054.md) | 2026-06-30 | $149.1m | 16,246,027 |  | Reduced −160,025 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $138.6m | 15,097,065 |  | Added +111,472 |
| [Sourcerock Group LLC](/funds/1822531.md) | 2026-06-30 | $133.6m | 14,553,804 |  | Reduced −1,755,713 |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $118.7m | 12,932,424 |  | Reduced −441,814 |
| [FULLER & THALER ASSET MANAGEMENT, INC.](/funds/1082327.md) | 2026-06-30 | $108.5m | 11,820,582 |  | Reduced −432,768 |

## Recent filings

[All 1,065 filings](/companies/pten/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-09-08 | 08:08 ET | [8-K](/filings/0000889900-26-000065.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000889900-26-000065 |
| 2026-08-04 | 16:36 ET | [10-Q](/filings/0000889900-26-000056.md) | Quarterly report, period 2026-06-30 | 0000889900-26-000056 |
| 2026-07-30 | 18:12 ET | [8-K](/filings/0000889900-26-000050.md) | 2.02 Results of operations; 8.01 Other events; 9.01 Financial statements and exhibits | 0000889900-26-000050 |
| 2026-06-04 | 16:58 ET | [8-K](/filings/0000889900-26-000044.md) | 5.02 Departure or appointment of officers or directors; 5.07 Shareholder vote results; 8.01 Other events; 9.01 Financial statements and exhibits | 0000889900-26-000044 |
| 2026-05-26 | 08:02 ET | [8-K](/filings/0000889900-26-000039.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0000889900-26-000039 |
| 2026-05-19 | 16:07 ET | [8-K](/filings/0001193125-26-230750.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0001193125-26-230750 |
| 2026-05-06 | 08:52 ET | [8-K](/filings/0001193125-26-207696.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-207696 |
| 2026-04-28 | 16:06 ET | [10-Q](/filings/0000889900-26-000033.md) | Quarterly report, period 2026-03-31 | 0000889900-26-000033 |
| 2026-04-28 | 08:03 ET | [8-K](/filings/0000889900-26-000030.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation; 9.01 Financial statements and exhibits | 0000889900-26-000030 |
| 2026-04-23 | 17:45 ET | [8-K](/filings/0000889900-26-000026.md) | 2.02 Results of operations; 8.01 Other events; 9.01 Financial statements and exhibits | 0000889900-26-000026 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0000889900-26-000013.md), filed Feb 10, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/127a0e1c-f8ab-461d-8801-bedab5ac3704)

## About the filer

- CIK: 889900
- Tickers: PTEN
- Exchange: Nasdaq
- SIC code: 1381 Drilling Oil & Gas Wells
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:27 ET. No prices; not investment advice.