Filing Flows › Patterson UTI Energy (PTEN) › Q3 2025
Patterson UTI Energy (PTEN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 28, 2025
Patterson UTI Energy (PTEN) reported revenue of $1.2B for the third quarter 2025 (Q3 2025), -13% from a year earlier and -4% from the quarter before. Operating margin was -2.4%, net loss $36.5M (3.1% of revenue).
Patterson UTI Energy, Q3 2025: revenue $1.2B (-13% year over year), operating margin -2.4%, net loss $36.5M, operating cash flow $216M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -4% | -13% |
| Operating profit | −$28.1M | — | — |
| Net earnings | −$36.5M | — | — |
| Operating cash flow | $216M | +54% | -27% |
| Free cash flow | $71.3M | — | -38% |
What changed
Revenue was $1.2B in Q3 2025, down 13% year over year and down 4% from the previous quarter. Completion Services was the largest line at 60% of revenue. Completion Services lost $0.13B year over year (down 15%), 70% of the total change.
Operating costs exceeded revenue by $0.03B, an operating margin of -2.4%. Total costs fell 49% while revenue fell 13%. The quarter ended with a net loss of $0.04B, narrower than the previous quarter's $0.05B loss.
Operating cash flow was $0.22B (down 27% 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 added $0.02B. Capital expenditures of $0.14B left free cash flow of $0.07B.
Questions
What was Patterson UTI Energy's revenue in the third quarter 2025?
Patterson UTI Energy (PTEN) reported revenue of $1.2B for the third quarter 2025 (Q3 2025), -13% from a year earlier and -4% from the quarter before.
Was Patterson UTI Energy profitable in the third quarter 2025?
Operating loss was $28.1M (-2.4% of revenue) and net loss $36.5M.