03:51 AM EDT, 10/23/2025 (MT Newswires) -- Patterson-UTI Energy ( PTEN ) reported a Q3 net loss late Wednesday of $0.10 per diluted share, narrowing from a loss of $2.50 a year earlier.

Analysts polled by FactSet expected a loss of $0.09.

Revenue for the quarter ended Sept. 30 was $1.18 billion, down from $1.36 billion a year earlier.

Analysts surveyed by FactSet expected $1.17 billion.

The company also declared a dividend of $0.08 per share, payable on Dec. 15 to shareholders of record as of Dec. 1.

Shares of the company were up 3% in after-hours activity Wednesday.