Q3 2025 Patterson-UTI Energy Inc Earnings Call Transcript

Oct 23, 2025 / 02:00PM GMT

Release Date Price: €5.75 (+10.58%)

Transcript 10-Q8-K

Key Points

Positve

Patterson-UTI Energy Inc (PTEN) demonstrated resilience in a challenging environment, maintaining strong operational performance and optimizing business areas within their control.
The company continues to generate healthy levels of free cash flow while investing in technology to expand its competitive edge.
Patterson-UTI Energy Inc (PTEN) has a strong balance sheet with low leverage, ending the quarter with $187 million in cash and an undrawn $500 million revolver.
The company is committed to returning at least 50% of its annual free cash flow to shareholders through dividends and share repurchases.
Patterson-UTI Energy Inc (PTEN) is seeing strong demand for its 100% natural gas-powered equipment and continues to invest in new technologies that drive accretive returns.

Negative

Patterson-UTI Energy Inc (PTEN) reported a net loss attributable to common shareholders of $36 million for the quarter.
The company experienced a decline in revenue from international operations, particularly in Saudi Arabia, due to reduced drilling activity.
There is ongoing global macroeconomic uncertainty, including fluctuating oil prices and evolving trade policies, which could impact future performance.
The company anticipates typical seasonality to impact its completion services segment during the holidays, potentially affecting activity levels.
Patterson-UTI Energy Inc (PTEN) faces competitive pressures in the market, which could impact pricing and margins, particularly in the drilling services segment.

Operator

Thank you for standing by. My name is Rebecca, and I will be your conference operator today. At this time, I would like to welcome everyone to the Patterson UTI 3rd quarter 2025 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a Question-and-answer session. If you would like to ask a question during this time, simply press star, followed by the number one on your telephone keypad. If you would like to withdraw your question, press one again.

Thank you. I will now turn the call over to Michael Sabella, Vice President of Investor Relations. Please go ahead.

Michael Sabella

Patterson-UTI Energy Inc - Vice President of Investor Relations

Thank you, Rebecca. Good morning and welcome to Patterson UTI's earnings conference call to discuss our third quarter of 2025 results. With me today are Andy Hendricks, President and Chief Executive Officer, and Andy Smith, Chief Financial Officer. As a reminder, statements that are made in this conference call that refer to the

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