Patterson-UTI Q3 net income swings to $28.64 million from year-earlier loss
Bitget2026/10/28 22:31- Patterson-UTI Energy swung to third-quarter 2026 net income attributable to common stockholders of $28.35 million from a year-earlier loss.
- Revenue climbed 14% from a year earlier to $1.34 billion.
- Approximately 90% of the active completion fleet will be natural gas capable by the end of 2026.
- Fourth-quarter U.S. operating rigs are expected to average approximately 104, with additional reactivations anticipated in the first quarter of 2027.
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