Patterson-UTI Sees Limited Q4 Rig Availability, Expects 2026 Free Cash Flow to Fund Dividend
Patterson-UTi Energy reported limited U.S. rig availability in Q4 of 2026 and completed a sale of idle components for Venezuela. The company expects 2026 adjusted free cash flow to cover the annual dividend and capital expenditures to be approximately $600 million. This update provides insight into the company's Q3 2026 performance and future operational outlook.
AI-generated summary for informational purposes only. Always verify against the original filing. Not investment advice. BriefTape is not a registered investment adviser.
Get real-time financial news in your trading bot or app
GET FREE KEY — 10,000 calls/day