Compared to Estimates, Patterson-UTI (PTEN) Q2 Earnings: A Look at Key Metrics

Core Insights - Patterson-UTI reported $1.22 billion in revenue for Q2 2025, a year-over-year decline of 9.6%, with an EPS of -$0.06 compared to $0.05 a year ago, indicating a significant drop in profitability [1] - The revenue exceeded the Zacks Consensus Estimate of $1.21 billion by 1.02%, while the EPS fell short of the consensus estimate of -$0.04 by 50% [1] Revenue Breakdown - Drilling Services generated $403.81 million, surpassing the average estimate of $395.63 million, but reflecting a year-over-year decline of 8.3% [4] - Other Operations reported $7.79 million, exceeding the estimated $6.94 million [4] - Drilling Products revenues were $88.39 million, slightly above the $85.03 million estimate, marking a year-over-year increase of 2.7% [4] - Completion Services revenues were $719.33 million, below the average estimate of $728.5 million, showing a year-over-year decline of 10.7% [4] Operating Income Analysis - Operating income for Drilling Services was $40.6 million, significantly lower than the average estimate of $58.85 million [4] - Completion Services reported an operating income of -$29.25 million, better than the estimated -$31.88 million [4] - Corporate operating income was -$45.66 million, slightly worse than the average estimate of -$43.57 million [4] - Other operations had an operating income of -$2 million, close to the estimated -$2.49 million [4] - Drilling Products reported an operating income of $6.82 million, below the average estimate of $9.59 million [4] Stock Performance - Patterson-UTI shares returned +4.1% over the past month, outperforming the Zacks S&P 500 composite's +3.4% change [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]