Patterson-UTI Energy, Inc. Investor Presentation May 2026

Patterson-UTI Energy, Inc. has released an investor presentation highlighting its performance and strategic outlook. The company expects to exit 2026 with over 100 active rigs in the U.S. and has seen mid-single digit percentage increases in dayrates for contract renewals. Pricing tailwinds are positively impacting the Completion Services segment, with further improvements expected. Patterson-UTI is strategically decommissioning older assets and investing in new, environmentally friendly equipment. The company anticipates consolidated adjusted EBITDA of approximately $220 million for Q2 2026 and has increased its 2026 capital expenditure forecast to ~$600 million. This investment is aimed at capturing future demand and enhancing long-term returns. Patterson-UTI reaffirms its commitment to returning at least 50% of adjusted free cash flow to investors annually through dividends and share repurchases. The company maintains a strong financial position with an investment-grade credit rating and no senior note maturities until 2029.