Core Insights - Patterson-UTI Energy, Inc. (PTEN) reported a second-quarter 2025 adjusted net loss of $0.06 per share, which was wider than the Zacks Consensus Estimate of a $0.04 loss, and a decline from a profit of $0.05 in the same quarter last year [1][9] - Total revenues reached $1.2 billion, exceeding the Zacks Consensus Estimate by 0.3%, but decreased by 9.6% year over year due to weaker contributions from various segments [2][9] Financial Performance - **Drilling Services**: Revenues totaled $403.8 million, down 8.3% from $440.3 million in the prior year, but exceeded the estimate of $365.1 million. Operating income was $40.6 million, down from $76.1 million year over year, yet above the estimate of $24.1 million [4] - **Completion Services**: Revenues were $719.3 million, a drop of 10.7% from $805.4 million year over year, and missed the estimate of $762.4 million. The operating loss was $29.2 million compared to a profit of $10.7 million in the previous year, but was narrower than the estimated loss of $43.4 million [5] - **Drilling Products**: Revenues increased by 2.7% to $88.4 million from $86.1 million year over year, beating the estimate of $85.8 million. Operating profit was $6.8 million, down 21.1% from the previous year, and missed the estimate of $20.6 million [6] - **Other Services**: Revenues fell 52.7% to $7.8 million from $16.5 million year over year, but exceeded the estimate of $5.6 million. The operating loss was $2 million compared to a profit of $0.4 million in the prior year, missing the estimated operating income of $0.1 million [7] Capital Expenditure & Financial Position - PTEN spent $144.2 million on capital programs in the reported quarter, up from $130.5 million in the prior year [8] - As of June 30, 2025, the company had cash and cash equivalents of $185.9 million and long-term debt of $1.2 billion, with a debt-to-capitalization ratio of 26.7% [8] Shareholder Returns - The board declared a quarterly dividend of $0.08 per share, unchanged from the previous quarter, to be paid on September 15, 2025 [3][9] - The company returned $56 million to shareholders in Q2 2025, including $20 million in share repurchases [10] Q3 Outlook - PTEN anticipates an average rig count of approximately 90 for its Drilling Services segment in Q3 2025, with expected adjusted gross profit of around $130 million [11] - The company expects adjusted gross profit for Completion Services to remain steady, while Drilling Products is anticipated to improve slightly [12] - Total depreciation, depletion, amortization, and impairment expense is expected to be approximately $230 million for Q3 [13] - Net capital expenditures for full-year 2025 are anticipated to be less than $600 million, with a reduction in maintenance capital expenditures due to lower activity [14]

Award reflects strong employee engagement and a culture of support and growth. PHOENIX, July 23, 2025 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE: UTI), a leading workforce education provider for transportation, skilled technicians, electrical, energy, and healthcare, has been recognized for the second time as a Top 20 Workplace in Arizona. Headquartered in Phoenix, the company operates two campuses in the state—UTI-Avondale and UTI-Phoenix—through its Universal Technical Institute division. T ...

Award reflects strong employee engagement and a culture of support and growth.PHOENIX, July 23, 2025 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE: UTI), a leading workforce education provider for transportation, skilled technicians, electrical, energy, and healthcare, has been recognized for the second time as a Top 20 Workplace in Arizona. Headquartered in Phoenix, the company operates two campuses in the state—UTI-Avondale and UTI-Phoenix—through its Universal Technical Institute division.The ...

Core Viewpoint - Patterson-UTI Energy, Inc. (PTEN) is expected to report a second-quarter loss of 4 cents per share with revenues of $1.21 billion, reflecting a year-over-year decline in both earnings and revenues [1][10]. Group 1: Financial Performance - In the first quarter of 2025, PTEN achieved breakeven adjusted earnings per share, outperforming the Zacks Consensus Estimate of a loss of 4 cents per share, driven by an 11.2% year-over-year reduction in costs and expenses [3]. - Total revenues for Q1 2025 were $1.3 billion, exceeding the Zacks Consensus Estimate by 7.7% [3]. - The Zacks Consensus Estimate for second-quarter 2025 earnings indicates a 180% year-over-year decline, while revenues are expected to decrease by 10.09% from the previous year [4][10]. Group 2: Cost Management - PTEN's operating costs and expenses are projected to reach $1.26 billion in the second quarter, a 3.4% decrease from the same period last year, reflecting the company's focus on streamlining operations [6]. - Direct operating costs are expected to decline from $971.2 million to $961.2 million, and depreciation, depletion, amortization, and impairment costs are anticipated to decrease from $267.6 million to $230 million [7]. Group 3: Revenue Challenges - The Zacks Consensus Estimate for second-quarter revenues is $1.21 billion, down from $1.35 billion in the year-ago quarter, attributed to poor performance in Completion Services, Drilling Services, and Drilling Products segments [8][10]. - Despite expected revenue declines across several segments, PTEN's cost management efforts are likely to mitigate the financial impact [9].

PHOENIX, July 16, 2025 /PRNewswire/ -- Universal Technical Institute, Inc. (NYSE: UTI) (the "Company"), a leading workforce education provider for transportation, skilled technicians, electrical, energy and healthcare, will hold a conference call on Wednesday, August 6, 2025, at 4:30 p.m. Eastern time to discuss its financial and operational results for the fiscal third quarter ended June 30, 2025.The Company's CEO, Jerome Grant, and CFO, Bruce Schuman, will host the conference call, followed by a question- ...

Investors interested in Schools stocks are likely familiar with Vasta Platform Limited (VSTA) and Universal Technical Institute (UTI) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while o ...

Core Viewpoint - The article compares Strategic Education (STRA) and Universal Technical Institute (UTI) to determine which stock is more attractive to value investors [1] Group 1: Zacks Rank and Analyst Outlook - STRA has a Zacks Rank of 2 (Buy), indicating a positive earnings estimate revision trend, while UTI has a Zacks Rank of 3 (Hold) [3] - STRA's improving analyst outlook suggests a more favorable investment opportunity compared to UTI [3] Group 2: Valuation Metrics - STRA has a forward P/E ratio of 15.09, significantly lower than UTI's forward P/E of 32.64 [5] - STRA's PEG ratio is 1.01, while UTI's PEG ratio is 2.18, indicating STRA is more reasonably priced relative to its expected earnings growth [5] - STRA's P/B ratio is 1.26, compared to UTI's P/B of 6.39, further highlighting STRA's valuation advantage [6] Group 3: Value Grades - STRA has a Value grade of A, while UTI has a Value grade of C, reflecting STRA's superior valuation metrics and earnings outlook [6]

Core Insights - Universal Technical Institute (UTI) has partnered with Loftin Equipment Company to enhance hands-on training opportunities for students in Texas and Arizona [1][5] - The partnership allows students to gain practical experience in the power generation field while pursuing their education, with potential for full-time employment upon graduation [3][5] Group 1: Partnership Details - Loftin Equipment Company has joined UTI's Early Employment Program (EEP), which currently includes over 140 employers [2] - Students in UTI's Diesel Technology programs at campuses in Houston, Dallas, Austin, Texas, and Avondale, Arizona, are eligible to apply for positions with Loftin [3] - The program offers 20 to 30 hours of paid work experience, consideration for full-time employment, and reimbursement for education-related expenses after graduation [2] Group 2: Benefits for Students - Selected students will receive up to $25,000 in tuition reimbursement, a $3,000 tool assistance program, and compensation that is 20% above industry standards [5] - Students will perform maintenance, diagnostics, and commissioning of generator systems while continuing their education [5] - Comprehensive health and wellness benefits, a retirement plan, and ongoing career training opportunities are also provided [5] Group 3: Company Background - Loftin Equipment Company, founded in 1976 and headquartered in Phoenix, Arizona, specializes in power generation solutions and is focused on building a skilled technician workforce [1][4] - UTI, founded in 1965, is a leading workforce solutions provider with 15 campuses across nine states, offering education in transportation, skilled trades, electrical, and energy training programs [7]

Core Insights - Universal Technical Institute (UTI) is expanding its HVACR program by enrolling students at two new campuses in California and Florida, part of a broader initiative to launch eight new programs in 2025 [1][2] - The nine-month HVACR program is available at campuses across seven states, focusing on essential skills for heating, air conditioning, and refrigeration systems in both residential and commercial settings [2][3] - UTI's growth strategy, known as the North Star Strategy, aims to address the increasing demand for trained workers in HVACR, with job growth projected to be significantly faster than average over the next eight years [3] Company Overview - Universal Technical Institute, Inc. (NYSE: UTI) was established in 1965 and serves as a leading workforce solutions provider, offering education and support services for in-demand careers through its UTI and Concorde Career Colleges divisions [5] - The UTI division operates 15 campuses in nine states, providing a variety of training programs in transportation, skilled trades, electrical, and energy sectors [5]

Core Insights - Universal Technical Institute (UTI) has partnered with FirstCall Mechanical to enhance real-world experience and career advancement for HVACR students through the Early Employment Program (EEP) [1][5] Group 1: Program Details - Students accepted into the EEP will gain part-time, hands-on experience in HVACR, focusing on diagnostics, installation, and system maintenance while continuing their education [2][3] - Participating employers, including FirstCall Mechanical, may offer 20 to 30 hours of paid work experience and reimbursement for education-related expenses after graduation [2][4] - More than 140 employers are currently involved in the EEP, providing various opportunities for students [2] Group 2: Benefits for Students - FirstCall Mechanical offers up to $10,000 in tuition reimbursement over five years of employment, along with tool reimbursement, relocation assistance, and access to professional development programs [4] - Graduates from UTI's HVACR programs hired by FirstCall Mechanical are eligible for the tuition reimbursement program [4] Group 3: Company Overview - FirstCall Mechanical is a provider of HVAC, building controls, and plumbing services for commercial and industrial sectors, employing approximately 750 individuals across 24 branches [7][8] - UTI, founded in 1965, operates 15 campuses across nine states, offering a range of training programs in transportation, skilled trades, electrical, and energy sectors [6]