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Patterson-UTI Energy (PTEN) investor relations material
Patterson-UTI Energy Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Delivered strong Q4 2025 results with robust operational execution, cost control, and technology-driven differentiation despite a challenging commodity environment.
Achieved $416 million in adjusted free cash flow for 2025, with Q4 being the highest since the 2023 transformation.
Fourth quarter 2025 revenue reached $1.2 billion, with adjusted EBITDA of $221 million and a net loss attributable to shareholders of $9 million.
Increased quarterly dividend by 25% to $0.10 per share, reflecting confidence in ongoing free cash flow generation and a commitment to return at least 50% of adjusted free cash flow to shareholders.
Continued focus on high-quality asset base and international expansion.
Financial highlights
Q4 2025 revenue was $1.151 billion; adjusted EBITDA for Q4 was $221 million; net loss attributable to shareholders was $9 million ($0.02 per share).
Adjusted free cash flow for 2025 totaled $416 million, down from $523 million in 2024.
Q4 segment revenues: Drilling Services $361M, Completion Services $702M, Drilling Products $84M, Other $5M.
Q4 adjusted gross profit: Drilling Services $132M, Completion Services $111M, Drilling Products $34M, Other $1M.
Cash and equivalents at year-end were $421 million, up from $241 million at the end of 2024.
Outlook and guidance
Q1 2026 guidance includes a $5–$10 million negative impact from winter weather, mainly in completion services.
Drilling Services Q1 average rig count expected in low- to mid-90s; adjusted gross profit to decline by less than 5%.
Completion Services Q1 adjusted gross profit expected at ~$95M, with slightly lower activity due to weather.
Drilling Products Q1 adjusted gross profit expected to improve slightly, with international growth offsetting lower U.S. revenue.
2026 CapEx budget reduced by 15% to ~$500M gross, with net CapEx below $500M after asset sales.
- TimeTickerHeadlineOpen
- 6 FebCDP
2025 FFO/share rose 5.8% to $2.72, with strong leasing and investment; 2026 guidance signals more growth. - 6 FebPECO
2026 FFO per share growth guided at 5.5% with record occupancy and robust acquisitions. - 6 FebCRI
Q1 2025 saw record revenue, a return to profit, and major new contracts in space technology. - 6 FebCRI
Net loss widened to 7.5m PLN in H1 2024 as revenue fell and R&D costs remained high. - 6 FebCRI
Net loss deepened on lower sales and higher costs, but major new contracts and restructuring are underway. - 6 FebEMBASSY
Record revenue, NOI, and distributions highlight strong growth and robust segment performance. - 6 FebCRI
Revenue fell and losses deepened, but ESA contracts and R&D projects drive future prospects. - 6 FebNVDA
AI-driven digital twins and real-time simulation will transform engineering and manufacturing. - 6 FebTUPRS
Net income reached TRY 29.5 billion, with strong dividends and a robust net cash position. - 6 FebCPT
2025 results beat guidance; Sun Belt focus, asset sales, and share buybacks drive 2026 strategy.
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