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Earnings Flash (PTEN) Patterson-UTI Energy, Inc. Reports Q1 Revenue $1.12B, vs. FactSet Est of $1.10B

2026-04-24 00:40:33

Patterson-UTI Energy, Inc. (PTEN) reported Q1 revenue of $1.12 billion, surpassing the FactSet estimate of $1.10 billion. The company is a key provider of drilling and completion services for oil and natural gas exploration and production companies, operating through its Drilling Services, Completion Services, and Drilling Products segments. This revenue beat indicates stronger performance than anticipated by analysts in the first quarter.

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