Patterson-UTI provided an investor presentation in September 2025 with forward-looking statements about the company's intentions, beliefs, and predictions for the future.
The presentation discussed business activity updates in the Drilling Services Segment, Completion Services Segment, and overall market expectations for U.S. shale drilling activity.
Key priorities highlighted include reducing operating costs, investing in strategic technology, maximizing free cash flow, and returning cash to shareholders.
Business Activity Update
Average of 96 rigs in the U.S. in the first two months of Q3 2025, with expectations for steady activity into Q4; high utilization of natural gas-powered assets.
Financial Update
Expecting stronger adjusted free cash flow in the second half of 2025 compared to the first half; $22 million used for share repurchases in Q3 2025.
Market Outlook
Anticipating relatively steady U.S. shale drilling activity into 2026; focus on cost reduction, strategic investments, and maximizing cash return to shareholders.
- Patterson-UTI's focus on maintaining rig activity levels and maximizing free cash flow indicates a commitment to operational efficiency and financial strength.
- The company's strategic priorities align with industry trends towards cost-saving measures and shareholder value enhancement.
Patterson-UTI's investor presentation highlights a proactive approach to navigating the evolving market conditions in the energy sector, emphasizing operational efficiency and value creation for shareholders.