Patterson-UTI Energy Reports Financial Results for the Quarter Ended September 30, 2025

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[{"type":"text","content":"HOUSTON, TEXAS / ACCESS Newswire / October 22, 2025 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today reported financial results for the quarter ended September 30, 2025.Third Quarter 2025 Financial Results and Other Key ItemsTotal revenue of $1.2 billionNet loss attributable to common stockholders of $36 millionAdjusted net loss attributable to common stockholders of $21 millionAdjusted EBITDA of $219 millionReturned $64 million to shareholders in the third quarter through an $0.08 per share dividend and $34 million in share repurchasesDeclared a quarterly dividend of $0.08 per share, payable on December 15, 2025 to holders of record as of December 1, 2025Management Commentary\"In the third quarter, our teams successfully navigated a challenging environment, and we are executing our plan that concentrates on optimizing our business in the areas that we can control,\" said Andy Hendricks, Chief Executive Officer. \"Operationally, our teams are performing well, and we continue to enhance our commercial strategy through additional integration and performance-based agreements, while at the same time we are lowering our cost structure. Margin performance across Patterson-UTI is outpacing what we have historically seen in periods of activity moderation. We think this outperformance is a function of the focus and execution of the teams in each of our segments and the technology edge that we are using to deliver better drilling and completion results for our customers. We expect this relative margin resiliency to continue.\"\"U.S. activity levels stabilized towards the end of the third quarter, and while we do expect normal seasonality in completion activity during the fourth quarter, we think our activity should remain relatively steady into 2026,\" continued Mr. Hendricks. \"We believe the full impact of the moderation of activity over the past six months is yet to be fully reflected in U.S. oil production, and we believe current industry activity is already below levels needed to hold U.S. oil production steady. Any further rig count declines would likely result in additional pressure on U.S. oil production volumes for an extended period, which could negatively impact global oil supply in 2026. On natural gas, we continue to see a strengthening outlook as physical LNG takeaway begins to come into focus, which we expect to result in h...

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