Weekly Recap: Q3 revenue and earnings growth and completion profit outlook

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) reported third-quarter 2026 revenue of $1.34 billion, up 14.1% year over year, and net income of $28.35 million, compared with a loss a year earlier. The company sold 13 rigs as it exits Colombia and expects the exit to be substantially complete within a year.

Previous Week Recap

• Q3 Revenue Growth And Profitability: Patterson-UTI Energy (PTEN) reported Q3 2026 revenue of $1.34 billion, up 14.1% year over year. Net income was $28.35 million, and diluted EPS was $0.07, versus losses a year earlier.
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• Completion Services Growth Outlook: PTEN’s completion services revenue rose 7% quarter over quarter, driven by higher fracturing prices. The company expects the segment’s adjusted gross profit to improve in the fourth quarter.
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• Rig Sales And Colombia Exit: Patterson-UTI Energy, Inc. (PTEN) sold 13 rigs, including three in Colombia, as it exits the country. The company expects the exit to be substantially complete within a year.
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