Patterson-UTI Energy Beat Consensus Estimates

Patterson-UTI Energy (PTEN) reported breakeven results on revenue of $1.23 billion for the second quarter ended June 2026. The consensus estimate was a loss of $0.03 per share on revenue of $1.14 billion. The company beat consensus estimates by 100.00% while revenue grew 0.71% on a year-over-year basis.

Patterson-UTI Energy Inc is a provider of contract services to the oil and natural gas industry. It operates in three segments namely contract drilling services, pressure pumping services, and oil and natural gas exploration and production.