Oilfield services provider Patterson-UTI Energy's Q3 revenue beats estimates

Reuters10-23

Oilfield services provider <a href="https://laohu8.com/S/PTEN">Patterson-UTI Energy</a>'s Q3 revenue beats estimates

Overview

Patterson-UTI Q3 revenue of $1.2 bln beats analyst expectations
Company reports Q3 net loss of $36 mln
Returned $64 mln to shareholders via dividends and share repurchases

Outlook

Company expects Q4 drilling services adjusted gross profit to decrease by 5%
Company forecasts Q4 completion services adjusted gross profit at $85 mln
Company anticipates strongest free cash flow generation in Q4

Result Drivers

MARGIN PERFORMANCE - Patterson-UTI attributes margin outperformance to operational efficiency and technology advancements

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Revenue	Beat	$1.20 bln	$1.17 bln (10 Analysts)
Q3 Net Income		-$36 mln
Q3 Dividend		$0.08

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the oil & gas drilling peer group is "buy"
Wall Street's median 12-month price target for Patterson-UTI Energy Inc is $7.00, about 13.9% above its October 21 closing price of $6.03

Press Release: ID:nACS9wtcma

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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gas drilling peer group is \"buy\"</p></li><li><p>Wall Street's median 12-month price target for Patterson-UTI Energy Inc is $7.00, about 13.9% above its October 21 closing price of $6.03</p></li></ul><p>Press Release: <span>ID:nACS9wtcma</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4092","symbol_name":"石油与天然气钻井","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251022:nL1N3W317P:1","article_id":"2577310718","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2577310718","pubTimestamp":1761172266,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Oilfield services provider Patterson-UTI Energy's Q3 revenue beats estimatesOverviewPatterson-UTI Q3 revenue of $1.2 bln beats analyst expectationsCompany reports Q3 net loss of $36 mlnReturned $64 ml","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4092":"石油与天然气钻井","PTEN":"Patterson-UTI Energy"},"translate_title":"油田服务提供商Patterson-UTI Energy第三季度收入超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PTEN":0.9},"content_text":"Oilfield services provider Patterson-UTI Energy's Q3 revenue beats estimatesOverviewPatterson-UTI Q3 revenue of $1.2 bln beats analyst expectationsCompany reports Q3 net loss of $36 mlnReturned $64 mln to shareholders via dividends and share repurchasesOutlookCompany expects Q4 drilling services adjusted gross profit to decrease by 5%Company forecasts Q4 completion services adjusted gross profit at $85 mlnCompany anticipates strongest free cash flow generation in Q4Result DriversMARGIN PERFORMANCE - Patterson-UTI attributes margin outperformance to operational efficiency and technology advancementsKey DetailsMetricBeat/MissActualConsensus EstimateQ3 RevenueBeat$1.20 bln$1.17 bln (10 Analysts)Q3 Net Income-$36 mlnQ3 Dividend$0.08Analyst CoverageThe current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 8 \"strong buy\" or \"buy\", 7 \"hold\" and 1 \"sell\" or \"strong sell\"The average consensus recommendation for the oil & gas drilling peer group is \"buy\"Wall Street's median 12-month price target for Patterson-UTI Energy Inc is $7.00, about 13.9% above its October 21 closing price of $6.03Press Release: ID:nACS9wtcmaFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.11","shortVersion":"4.35.11","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2577310718","isCrawlerRequest":true}