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Patterson UTI’s Perspective in Q1: KEY Takeaways

Avik Chowdhury by Avik Chowdhury
June 2, 2025
in Market Trends
0
Patterson UTI’s Perspective in Q1: KEY Takeaways

In the Q1’25 iteration of Patterson’s performance, we will discuss why PTEN is focused on natural gas rigs and fracking activities while anticipating a slowdown in crude oil-related activities. Meanwhile, the share of natural gas-powered equipment grows as a proportion of its overall frac activity. The company’s Completions segment surprisingly outperformed in Q1.

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