Filing Flows › Patterson UTI Energy (PTEN) › Q2 2026
Patterson UTI Energy (PTEN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Patterson UTI Energy (PTEN) reported revenue of $1.2B for the second quarter 2026 (Q2 2026), +0.7% from a year earlier and +10% from the quarter before. Operating margin was -0.6%, net loss $19.3M (1.6% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +10% | +0.7% |
| Operating profit | −$7.0M | — | — |
| Net earnings | −$19.3M | — | — |
| Operating cash flow | $56.1M | -12% | -60% |
What changed
Revenue was $1.2B in Q2 2026, up 1% year over year and up 10% from the previous quarter. Completion Services was the largest line at 61% of revenue. Completion Services added $0.03B year over year (up 5%), 397% of the total change. Drilling Services declined 8%.
Operating costs exceeded revenue by $0.01B, an operating margin of -0.6%. Total costs fell 1% while revenue rose 1%. The quarter ended with a net loss of $0.02B, narrower than the previous quarter's $0.02B loss. Net interest and other expense of $0.02B was the main reason.
Operating cash flow was $0.06B (down 60% year over year). Non-cash charges added back $0.22B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.15B. Capital expenditures of $0.16B exceeded it, leaving free cash flow of −$0.10B.
Questions
What was Patterson UTI Energy's revenue in the second quarter 2026?
Patterson UTI Energy (PTEN) reported revenue of $1.2B for the second quarter 2026 (Q2 2026), +0.7% from a year earlier and +10% from the quarter before.
Was Patterson UTI Energy profitable in the second quarter 2026?
Operating loss was $7.0M (-0.6% of revenue) and net loss $19.3M.