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Patterson-UTI Q3 net income swings to $28.64 million from year-earlier loss
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Patterson-UTI Q3 net income swings to $28.64 million from year-earlier loss
  • 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.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Patterson-UTI Energy Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202610281830ACCESSWRNAPR_____1243377) on October 28, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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