Patterson-UTI reported solid third-quarter 2025 results, showcasing resilience despite a challenging market environment, driven by strategic cost management and a focus on technology integration.

• Generated strong free cash flow while maintaining a focus on optimizing capital expenditures for 2026, with an expected decline compared to 2025.
• Leveraged technology and innovative service offerings, enhancing customer demand and operational performance in both drilling and completions.
• Maintained a robust balance sheet with low leverage, allowing significant flexibility for future capital allocation and potential share repurchase acceleration.
• Achieved stable drilling activity levels, with revenue per day for rigs holding in the low to mid-30s range, signaling resilience amid market fluctuations.
• Committed to returning at least 50% of annual free cash flow to shareholders through dividends and share repurchases, reinforcing shareholder value.