Filing Flows › Patterson UTI Energy (PTEN) › Q3 2026
Patterson UTI Energy (PTEN) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 2, 2026
Patterson UTI Energy (PTEN) reported revenue of $1.3B for the third quarter 2026 (Q3 2026), +14% from a year earlier and +9% from the quarter before. Operating margin was 4.7%, net earnings $28.6M (2.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | +9% | +14% |
| Operating profit | $63.3M | — | — |
| Net earnings | $28.6M | — | — |
| Operating cash flow | $301M | +437% | +39% |
| Free cash flow | $160M | — | +124% |
What changed
Revenue was $1.3B in Q3 2026, up 14% year over year and up 9% from the previous quarter. Completion Services was the largest line at 60% of revenue. Completion Services added $0.10B year over year (up 15%), 62% of the total change.
Operating profit was $0.06B, a 4.7% margin (up 7.1 points year over year). Total costs grew 6% against revenue growth of 14%. Net earnings were $0.03B. The effective tax rate was 39.3%.
Operating cash flow was $0.30B (up 39% year over year), 1051% of net earnings. Non-cash charges added back $0.22B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.05B. Capital expenditures of $0.14B left free cash flow of $0.16B.
Questions
What was Patterson UTI Energy's revenue in the third quarter 2026?
Patterson UTI Energy (PTEN) reported revenue of $1.3B for the third quarter 2026 (Q3 2026), +14% from a year earlier and +9% from the quarter before.
Was Patterson UTI Energy profitable in the third quarter 2026?
Operating profit was $63.3M (4.7% of revenue) and net earnings $28.6M.