How did Patterson's revenue and expenses trend in Q3 2025?
5/7/2025 04:28pm
Patterson-UTI Energy's revenue and expenses for Q3 2025 are not currently available. However, based on available data, the company reported significant growth in natural gas and oil basins with promising forecasts for Q3 2025.
1. **Revenue Growth**: Patterson-UTI Energy reported a robust Q1 revenue of $1,281 million, with drilling services revenue totaling $413 million and completion services revenue increasing to $766 million. The company's total revenue for Q1 2025 was $1.3 billion, exceeding analyst estimates.
2. **Expense Management**: The company's adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) stood at $251 million, reflecting significant growth momentum in both natural gas and oil basins. This indicates efficient expense management and operational effectiveness.