Q1: 2026-04-22 Earnings Summary
EPS of -$0.06 beats by $0.04
|
Revenue of
$1.12B
(-12.75% Y/Y)
beats by $19.97M
Patterson-UTI Energy, Inc. (PTEN) Q1 2026 Earnings Call April 23, 2026 10:00 AM EDT
Company Participants
William Hendricks - President, CEO & Director
C. Smith - Executive VP & CFO
Conference Call Participants
Michael Sabella
Saurabh Pant - BofA Securities, Research Division
Derek Podhaizer - Piper Sandler & Co., Research Division
James Rollyson - Raymond James & Associates, Inc., Research Division
Scott Gruber - Citigroup Inc., Research Division
Stephen Gengaro - Stifel, Nicolaus & Company, Incorporated, Research Division
Arun Jayaram - JPMorgan Chase & Co, Research Division
Keith MacKey - RBC Capital Markets, Research Division
Doug Becker - Capital One Securities, Inc., Research Division
Edward Kim - Barclays Bank PLC, Research Division
Daniel Kutz - Morgan Stanley, Research Division
Donald Crist - Johnson Rice & Company, L.L.C., Research Division
John Daniel - Daniel Energy Partners, LLC
Presentation
Operator
Ladies and gentlemen, thank you for standing by. My name is Abby, and I will be your conference operator today. At this time, I would like to welcome everyone to the Patterson-UTI First Quarter 2026 Earnings Conference Call [Operator Instructions]
Thank you. And I would now like to turn the conference over to Michael Sabella, Vice President of Investor Relations. You may begin.
Michael Sabella
Thank you, operator. Good morning, and welcome to Patterson-UTI's earnings conference call to discuss our first quarter 2026 results.
With me today are Andy Hendricks, President and Chief Executive Officer; and Andy Smith, Chief Financial Officer.
As a reminder, statements that are made in this conference call that refer to the company's or management's plans, intentions, targets, beliefs, expectations or predictions for the future are considered forward-looking statements. These forward-looking statements are subject to risks and uncertainties as disclosed in the company's SEC filings which could cause the company's actual results to differ materially.
The company takes no obligation to publicly update or revise any forward-looking statements. Statements
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