Patterson-UTI Energy

PTEN

Oil & Gas Drilling · Energy

Exchange

NASDAQ

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Weak

Stability

Data not available

Valuation

Data not available

Dividends

Strong

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Winston Score History

The full picture

Patterson-UTI Energy is one of the largest land drilling contractors in the United States. The company operates large fleets of drilling rigs that oil and gas producers use to drill wells, mainly in major U.S. shale basins like the Permian Basin and Eagle Ford. It also provides pressure pumping services, which help extract oil and gas from underground rock formations after a well is drilled.

Patterson-UTI earns money by charging oil and gas companies a daily rate to use its rigs and crews, plus fees for completion services. The company operates almost entirely in North America and has grown through acquisitions, including its 2023 merger with NexTier Oilfield Solutions, which significantly expanded its completions business. Its main risk is that demand for drilling services drops sharply when oil prices fall, since exploration companies quickly cut spending — a cycle that has historically caused large swings in revenue and profitability, as reflected in its current negative operating margin.

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Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+0.7% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+53.8% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

4.0%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~6 months

$203M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Patterson-UTI Energy has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

-21.8%

Thin — -21.8% gross margin

Profit after running costs

Operating Margin

-0.6%

Losing money on operations — -0.6%

Return on the money invested

ROCE

-1.7%

Weak — -1.7% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

-6.9%

Shrinking sales (-6.9% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

3.8%

Thin free cash flow (3.8%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

N/A

Data not available

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend

Dividend Yield

3.48%

no trend

Moderate income — 3.48% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record

Dividend Growth

+18.8%

no trend

Dividend growing fast (18.8% YoY)

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