Filing Flows › Patterson UTI Energy (PTEN) › Q2 2026 › vs Q1 2026
Patterson UTI Energy (PTEN) Q2 2026 vs Q1 2026 (quarter over quarter)
Patterson UTI Energy's revenue rose $111M (+10%) from $1.1B in Q1 2026 to $1.2B in Q2 2026. The biggest changes: Completion Services +$74.1M (+11%); Drilling Services +$21.8M (+6%); Drilling Products +$11.5M (+14%).
Patterson UTI Energy, Q2 2026: revenue $1.2B (+0.7% year over year), operating margin -0.6%, net loss $19.3M, operating cash flow $56.1M. The chart draws each line against Q1 2026, the increases inside each band.
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Completion Services | $754M | $680M | $74.1M | +11% |
| Drilling Services | $374M | $352M | $21.8M | +6% |
| Drilling Products | $91.3M | $79.8M | $11.5M | +14% |
| Other | $9.5M | $6.2M | $3.3M | +52% |
| Revenue | $1.2B | $1.1B | $111M | +10% |
| Income tax benefit | $8.6M | $3.6M | $5.1M | +140% |
| Net loss | $19.3M | $24.5M | −$5.2M | -21% |
| Costs & expenses | $1.3B | $1.1B | $110M | +10% |
| Operating costs | $1.2B | $1.1B | $103M | +9% |
| Interest & other, net | $21.0M | $13.8M | $7.2M | +52% |
| General & admin | $67.5M | $68.8M | −$1.3M | -2% |
| Other operating costs | $1.2B | $1.1B | $105M | +10% |
| Operating cash sources | $224M | $222M | $2.2M | +1% |
| Depreciation & amortization | $215M | $217M | −$1.9M | -0.9% |
| Share-based compensation | $8.5M | $4.4M | $4.1M | +93% |
| Net loss absorbed | $19.3M | $24.5M | −$5.2M | -21% |
| Working capital & other | $148M | $133M | $15.2M | +11% |
| Operating cash flow | $56.1M | $63.9M | −$7.8M | -12% |
| Capital expenditures | $156M | $117M | $39.3M | +34% |
| Negative free cash flow (OCF − capex) | $99.8M | $52.8M | $47.1M | +89% |
Questions
How much did Patterson UTI Energy's revenue grow quarter over quarter in Q2 2026?
Patterson UTI Energy's revenue rose $111M (+10%) from $1.1B in Q1 2026 to $1.2B in Q2 2026.
What drove Patterson UTI Energy's revenue change in Q2 2026?
Completion Services +$74.1M (+11%); Drilling Services +$21.8M (+6%); Drilling Products +$11.5M (+14%).