Patterson-UTI Returns to Profit in Q3 2026
Patterson-UTI returned to profitability in the third quarter of 2026, with revenue rising from the prior quarter.
Story updates
10:34:35 PM UTC
SquawkNews
Patterson-UTI posted Q3 revenue $1.34B and net income $28.6M ($0.07/diluted share), and guided Q4 adjusted gross profit to ~$150M in Drilling Services and ~$140M in Completion Services.Material DetailsContext by AI AnalystThis is mid-cycle confirmation of improving U.S. onshore activity and pricing…