Universal Technical Institute, Inc. (UTI) Q3 2026 Earnings Call Transcript
PTEN expects about 100 average U.S. rigs in Drilling Services during the third quarter, with adjusted gross profit projected at around $145 million.
Patterson-UTI Energy NASDAQ: PTEN reported second-quarter revenue of $1.228 billion, up 10% from the first quarter, as stronger drilling activity, higher pricing and near-full utilization of completion equipment lifted results across its operating segments.
PTEN to report Q2 results on July 29, with estimates pointing to a narrower loss as lower operating costs offset pressure from weaker revenues.
Patterson-UTI Energy, Inc. (PTEN) is rated a hold due to short-term oil price volatility and long-term demand uncertainty. PTEN's Q1 2026 revenue declined 12.75% YoY, with negative net income in six of the last seven quarters. DCF analysis implies a $27.08 intrinsic value per share, but near-term oil price declines suggest PTEN will likely remain below $11 in the next year.
Universal Technical Institute, Inc. (UTI) Q2 2026 Earnings Call Transcript
PTEN posts narrower-than-expected Q1 loss and tops revenue estimates, driven by stronger Drilling and Completion segments despite year-over-year declines.
PTEN heads into Q1 earnings with mixed signals as strong rig tech and pricing tailwinds clash with rising costs and expected revenue decline.
Goldman Sachs is sending a clear directional signal on two battered oilfield services names: it raised its price target on Liberty Energy (LBRT) to $30 and kept its Buy-equivalent Neutral stance, while lifting Patterson-UTI (PTEN) to $9 with an explicit Buy rating, citing early signs of dislocation between depressed valuations and underlying fundamentals.
Oilfield services have been in a bull market since Liberation Day, but PTEN has been lagging behind. This has been due to its low exposure to the more robust international markets and the decision to avoid entry into the power gen market. The trends unfolding so far in 2026 appear to justify PTEN's strategy that prioritizes cash generation and returns.
PTEN posts a narrower Q4 loss and beats revenue estimates as stronger Completion Services and lower costs lift results.
Universal Technical Institute, Inc. (UTI) Q1 2026 Earnings Call Transcript