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How Patterson UTI Energy (PTEN) makes money
Patterson UTI Energy (PTEN) made $1.3B of revenue in the third quarter 2026 (Q3 2026), +14% from a year earlier. Completion Services brought in $808M (60%); Drilling Services brought in $417M (31%); Drilling Products brought in $110M (8%). Of every dollar of revenue, 5¢ was left as operating profit, 2¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Completion Services | $808M | 60.2% | +7% | +15% |
| Drilling Services | $417M | 31.1% | +12% | +10% |
| Drilling Products | $110M | 8.2% | +21% | +28% |
| Other | $6.4M | 0.5% | -33% | +39% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $1.3B | 100.0% |
| Operating profit | $63.3M | 4.7% |
| Income tax | $18.5M | 1.4% |
| Net earnings | $28.6M | 2.1% |
| Operating cash flow | $301M | 22.4% |
| Free cash flow | $160M | 11.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $1.3B | +14% |
| Q2 2026 | $1.2B | +0.7% |
| Q1 2026 | $1.1B | -13% |
| Q4 2025 | $1.2B | -1% |
| Q3 2025 | $1.2B | -13% |
| Q2 2025 | $1.2B | -10% |
| Q1 2025 | $1.3B | -15% |
From Patterson UTI Energy's 10-Q filed Nov 2, 2026 (on EDGAR).
Questions
How does Patterson UTI Energy make money?
Patterson UTI Energy (PTEN) made $1.3B of revenue in the third quarter 2026 (Q3 2026), +14% from a year earlier. Completion Services brought in $808M (60%); Drilling Services brought in $417M (31%); Drilling Products brought in $110M (8%). Of every dollar of revenue, 5¢ was left as operating profit, 2¢ was left as net earnings.
What is Patterson UTI Energy's biggest business?
Completion Services: $808M in the third quarter 2026, 60% of revenue, +15% from a year earlier.
What is Patterson UTI Energy's profit margin?
Net earnings were $28.6M, 2.1% of revenue, in the third quarter 2026; the operating margin was 4.7%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.