Patterson-UTI Energy is set to report second-quarter 2026 earnings on July 29. The Zacks Consensus Estimate pegs a loss of 3 cents per share on revenues of $1.15 billion, with the revenue figure marking a decline from the year-ago quarter's $1.22 billion. The company's bottom line may have been supported by lower costs, as direct operating costs are projected to fall 11.2% year over year to $825.6 million and depreciation expenses are estimated to drop 15.9% to $220.1 million. However, the Zacks model does not predict an earnings beat this time, with an Earnings ESP of negative 10.77% and a Zacks Rank of 2. In the prior quarter, Patterson-UTI reported an adjusted net loss of 6 cents per share, narrower than the consensus estimate of a 10-cent loss, on revenues of $1.1 billion that beat expectations by 3.1%.
Patterson-UTI Energy Incexpected Q2 loss of 3 cents per share and revenue decline to $1.15B from $1.22B, with negative Earnings ESP
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