PT
PTEN
PTEN What Patterson UTI Energy promised, and what happened
Guidance
What management said, and what became of it
28 of 36 judged targets kept · 11 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Completion Services segment adjusted gross profit -- Q2 FY26 | approximately $105 million | Mar 2026 | In our Completion Services segment, second quarter revenue was $754 million and adjusted gross profit was $123 million | Achieved |
| Full-year capital expenditures (2026 budget) | lower capital expenditures compared to 2025 | Sep 2025 | we expect 2026 capital expenditures net of proceeds from asset sales to be approximately $600 million | Revised Down |
| Drilling Products segment adjusted gross profit -- Q1 FY26 | improve slightly, with slightly lower revenue in the U.S. offset by an increase in activity and revenue from our international business | Dec 2025 | Results reflected disruption in the Middle East related to the ongoing conflict and some cost inflation. | Missed |
The full ledger
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The rest of the ledger
Pro opens all 47 tracked commitments for Patterson UTI Energy
Above is what the last two calls moved. Pro adds every quarter's revision, the source quote behind each one, and the topics management has stopped answering.