Patterson-UTI Energy | 10-Q: FY2025 Q3 Revenue Beats Estimate at USD 1.176 B

Revenue: As of FY2025 Q3, the actual value is USD 1.176 B, beating the estimate of USD 1.171 B.

EPS: As of FY2025 Q3, the actual value is USD -0.1.

EBIT: As of FY2025 Q3, the actual value is USD -27.03 M.

Drilling Services

• Revenue: $380.2 million for Q3 2025, a decrease from $421.6 million in Q3 2024.
• Operating Costs: $246.4 million for Q3 2025, compared to $250.9 million in Q3 2024.
• Operating Income: $37.1 million for Q3 2025, compared to a loss of $34.4 million in Q3 2024.
• Capital Expenditures: $46.7 million for Q3 2025.

Completion Services

• Revenue: $705.3 million for Q3 2025, a decrease from $831.6 million in Q3 2024.
• Operating Costs: $594.1 million for Q3 2025, compared to $703.8 million in Q3 2024.
• Operating Loss: $27.7 million for Q3 2025, compared to a loss of $908.7 million in Q3 2024.
• Capital Expenditures: $81.3 million for Q3 2025.

Drilling Products

• Revenue: $85.9 million for Q3 2025, a decrease from $89.1 million in Q3 2024.
• Operating Costs: $50.3 million for Q3 2025, compared to $47.1 million in Q3 2024.
• Operating Income: $5.8 million for Q3 2025, compared to $9.1 million in Q3 2024.
• Capital Expenditures: $13.3 million for Q3 2025.

Cash Flow

• Operating Cash Flow: $563.7 million for the nine months ended September 30, 2025.
• Free Cash Flow: Not explicitly stated, but significant capital expenditures and dividends paid.

Future Outlook

• Drilling Services: Expect similar average rig count in Q4 2025 as Q3, with adjusted gross profit slightly declining.
• Completion Services: Expect adjusted gross profit to decline sequentially in Q4 2025.
• Drilling Products: Expect adjusted gross profit to improve slightly in Q4 2025.