Filing Flows › Patterson UTI Energy (PTEN) › Q4 2025
Patterson UTI Energy (PTEN) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 10, 2026
Patterson UTI Energy (PTEN) reported revenue of $1.2B for the fourth quarter 2025 (Q4 2025), -1% from a year earlier and -2% from the quarter before. Operating margin was 0.0%, net loss $9.2M (0.8% of revenue).
Patterson UTI Energy, Q4 2025: revenue $1.2B (-1% year over year), operating margin 0.0%, net loss $9.2M, operating cash flow $398M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | -2% | -1% |
| Operating profit | −$235K | — | — |
| Net earnings | −$9.2M | — | — |
| Operating cash flow | $398M | +84% | +26% |
| Free cash flow | $259M | +263% | +48% |
What changed
Revenue was $1.2B in Q4 2025, down 1% year over year and down 2% from the previous quarter. Completion Services was the largest line at 61% of revenue.
Operating costs exceeded revenue by $235K, an operating margin of 0.0%. Total costs fell 4% while revenue fell 1%. The quarter ended with a net loss of $0.01B, narrower than the previous quarter's $0.04B loss. Net interest and other expense of $0.01B was the main reason.
Operating cash flow was $0.40B (up 26% year over year). Non-cash charges added back $0.01B of share-based compensation. Working capital and other items added $0.40B. Capital expenditures of $0.14B left free cash flow of $0.26B.
Questions
What was Patterson UTI Energy's revenue in the fourth quarter 2025?
Patterson UTI Energy (PTEN) reported revenue of $1.2B for the fourth quarter 2025 (Q4 2025), -1% from a year earlier and -2% from the quarter before.
Was Patterson UTI Energy profitable in the fourth quarter 2025?
Operating loss was $235K (0.0% of revenue) and net loss $9.2M.