Filing Flows › Patterson UTI Energy (PTEN) › Q2 2025
Patterson UTI Energy (PTEN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 29, 2025
Patterson UTI Energy (PTEN) reported revenue of $1.2B for the second quarter 2025 (Q2 2025), -10% from a year earlier and -5% from the quarter before. Operating margin was -2.4%, net loss $48.7M (4.0% of revenue).
Patterson UTI Energy, Q2 2025: revenue $1.2B (-10% year over year), operating margin -2.4%, net loss $48.7M, operating cash flow $140M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -5% | -10% |
| Operating profit | −$29.5M | -274% | — |
| Net earnings | −$48.7M | -3875% | — |
| Operating cash flow | $140M | -33% | -29% |
What changed
Revenue was $1.2B in Q2 2025, down 10% year over year and down 5% from the previous quarter. Completion Services was the largest line at 59% of revenue. Completion Services lost $0.09B year over year (down 11%), 67% of the total change.
Operating costs exceeded revenue by $0.03B, an operating margin of -2.4%. Total costs fell 4% while revenue fell 10%. The quarter ended with a net loss of $0.05B, after a profit of $1.3M the previous quarter.
Operating cash flow was $0.14B (down 29% year over year). Non-cash charges added back $0.23B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.05B. Capital expenditures of $0.14B exceeded it, leaving free cash flow of −$4.5M.
Questions
What was Patterson UTI Energy's revenue in the second quarter 2025?
Patterson UTI Energy (PTEN) reported revenue of $1.2B for the second quarter 2025 (Q2 2025), -10% from a year earlier and -5% from the quarter before.
Was Patterson UTI Energy profitable in the second quarter 2025?
Operating loss was $29.5M (-2.4% of revenue) and net loss $48.7M.