Filing Flows › Patterson UTI Energy (PTEN) › Q3 2026 › vs Q2 2026
Patterson UTI Energy (PTEN) Q3 2026 vs Q2 2026 (quarter over quarter)
Patterson UTI Energy's revenue rose $114M (+9%) from $1.2B in Q2 2026 to $1.3B in Q3 2026. The biggest changes: Completion Services +$54.7M (+7%); Drilling Services +$43.9M (+12%); Drilling Products +$18.8M (+21%). Operating margin 4.7% against -0.6% (+5.3 pts).
Patterson UTI Energy, Q3 2026: revenue $1.3B (+14% year over year), operating margin 4.7%, net earnings $28.6M, operating cash flow $301M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 4.7% | -0.6% | +5.3 pts |
| Net margin | 2.1% | -1.6% | +3.7 pts |
| Free cash flow margin | 11.9% | -8.1% | +20.0 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Completion Services | $808M | $754M | $54.7M | +7% |
| Drilling Services | $417M | $374M | $43.9M | +12% |
| Drilling Products | $110M | $91.3M | $18.8M | +21% |
| Other | $6.4M | $9.5M | −$3.1M | -33% |
| Revenue | $1.3B | $1.2B | $114M | +9% |
| Operating profit | $63.3M | −$7.0M | $70.2M | — |
| Costs & expenses | $1.3B | $1.2B | $44.0M | +4% |
| Pre-tax earnings | $47.1M | −$27.9M | $75.1M | — |
| Other expense, net | $16.1M | $21.0M | −$4.8M | -23% |
| General & admin | $70.0M | $67.5M | $2.5M | +4% |
| Other operating costs | $1.2B | $1.2B | $41.6M | +4% |
| Net earnings | $28.6M | −$19.3M | $47.9M | — |
| Income tax | $18.5M | −$8.6M | $27.2M | — |
| Depreciation & amortization | $215M | $215M | $322K | +0.1% |
| Share-based compensation | $5.8M | $8.5M | −$2.8M | -32% |
| Working capital & other | $51.1M | −$148M | $199M | — |
| Operating cash flow | $301M | $56.1M | $245M | +437% |
| Free cash flow (OCF − capex) | $160M | −$99.8M | $259M | — |
| Capital expenditures | $141M | $156M | −$14.6M | -9% |
Questions
How much did Patterson UTI Energy's revenue grow quarter over quarter in Q3 2026?
Patterson UTI Energy's revenue rose $114M (+9%) from $1.2B in Q2 2026 to $1.3B in Q3 2026.
What drove Patterson UTI Energy's revenue change in Q3 2026?
Completion Services +$54.7M (+7%); Drilling Services +$43.9M (+12%); Drilling Products +$18.8M (+21%).