Filing Flows › Patterson UTI Energy (PTEN) › Q3 2026 › vs Q3 2025
Patterson UTI Energy (PTEN) Q3 2026 vs Q3 2025 (year over year)
Patterson UTI Energy's revenue rose $166M (+14%) from $1.2B in Q3 2025 to $1.3B in Q3 2026. The biggest changes: Completion Services +$103M (+15%); Drilling Services +$37.2M (+10%); Drilling Products +$24.3M (+28%). Operating margin 4.7% against -2.4% (+7.1 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 4.7% | -2.4% | +7.1 pts |
| Net margin | 2.1% | -3.1% | +5.2 pts |
| Free cash flow margin | 11.9% | 6.1% | +5.8 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Completion Services | $808M | $705M | $103M | +15% |
| Drilling Services | $417M | $380M | $37.2M | +10% |
| Drilling Products | $110M | $85.9M | $24.3M | +28% |
| Other | $6.4M | $4.6M | $1.8M | +39% |
| Revenue | $1.3B | $1.2B | $166M | +14% |
| Operating profit | $63.3M | −$28.1M | $91.3M | — |
| Costs & expenses | $1.3B | $1.2B | $75.0M | +6% |
| Pre-tax earnings | $47.1M | −$43.0M | $90.2M | — |
| Other expense, net | $16.1M | $15.0M | $1.1M | +8% |
| Other operating costs | $1.2B | $1.1B | $67.0M | +6% |
| Net earnings | $28.6M | −$36.5M | $65.1M | — |
| Income tax | $18.5M | −$6.6M | $25.1M | — |
| Depreciation & amortization | $215M | $224M | −$8.8M | -4% |
| Share-based compensation | $5.8M | $8.7M | −$2.9M | -33% |
| Working capital & other | $51.1M | $19.3M | $31.7M | +164% |
| Operating cash flow | $301M | $216M | $85.1M | +39% |
| Free cash flow (OCF − capex) | $160M | $71.3M | $88.3M | +124% |
| Capital expenditures | $141M | $144M | −$3.1M | -2% |
Questions
How much did Patterson UTI Energy's revenue grow year over year in Q3 2026?
Patterson UTI Energy's revenue rose $166M (+14%) from $1.2B in Q3 2025 to $1.3B in Q3 2026.
What drove Patterson UTI Energy's revenue change in Q3 2026?
Completion Services +$103M (+15%); Drilling Services +$37.2M (+10%); Drilling Products +$24.3M (+28%).