Patterson-UTI Energy Inc. to Report Q2 Earnings

Patterson-UTI Energy, Inc., a prominent land-based drilling service provider, is set to release its second-quarter earnings report. The company, which operates in various states including Texas, New Mexico, Utah, Oklahoma, Louisiana, and western Canada, is known for its comprehensive services in drilling, pressure pumping, oil and gas exploration, and production, as well as drilling and completion fluids services. Patterson-UTI’s stock is traded on the Nasdaq, and it has a market capitalization of $2.33 billion as of July 17, 2025.

As of the close of trading on July 17, 2025, Patterson-UTI’s stock was priced at $5.94, marking a significant recovery from its 52-week low of $5.12 on April 6, 2025. However, the stock remains below its 52-week high of $11.07, recorded on July 30, 2024. The company’s price-to-earnings ratio stands at -2.32, reflecting its current financial challenges.

In related news, Schlumberger Limited (SLB), a competitor in the energy sector, recently announced its second-quarter 2025 results. SLB reported a revenue of $8.55 billion, which increased by 1% sequentially but decreased by 6% year-over-year. The company’s GAAP earnings per share (EPS) rose by 28% sequentially to $0.74, although it decreased by 4% compared to the previous year. Excluding charges and credits, EPS also stood at $0.74, showing a 3% sequential increase but a 13% decline year-over-year. SLB’s net income attributable to the company increased by 27% sequentially to $1.01 billion, despite a 9% decrease year-over-year. Adjusted EBITDA was reported at $2.05 billion, up 2% sequentially but down 10% year-over-year. The company’s cash flow from operations was $1.14 billion, with free cash flow at $622 million. Additionally, SLB’s board approved a quarterly cash dividend of $0.285 per share.

Meanwhile, Patterson-UTI has received a neutral rating from analysts, suggesting a cautious outlook. Despite this, the company’s scale and established presence in the energy sector continue to keep it relevant in the market.

Investors and stakeholders are keenly awaiting Patterson-UTI’s earnings report to gain insights into its financial performance and strategic direction in the competitive energy landscape.