Comparing the current results to its competitors, Patterson Uti Energy Inc reported Revenue increase in the 2 quarter 2026 by 0.71 % year on year. The revenue growth was below Patterson Uti Energy Inc 's competitors' average revenue growth of 5.39 %, achieved in the same quarter.
Patterson uti Energy Inc , despite income growth by most of its competitors recorded a net loss, despite income increase by most of its competitors of 46.46 %
Patterson Uti Energy Inc 's Comment on Competition and Industry Peers
The contract drilling and pressure pumping businesses are highly competitive.
Historically, available equipment used in these businesses has frequently exceeded
demand, particularly in an industry downturn, such as the current market environment.
The price for our services is a key competitive factor, in part because equipment
used in our businesses can be moved from one area to another in response to market
conditions. In addition to price, we believe availability, condition and technical
specifications of equipment, quality of personnel, service quality and safety
record are key factors in determining which contractor is awarded a job. We expect
that the market for land drilling and pressure pumping services will continue
to be highly competitive.
With modest revenue growth of 0.71 % within Overall company, Patterson uti Energy Inc failed to increase sales with the same pace, like most of company's peers within this division. << More on PTEN Market Share.
*Market share is calculated based on total revenue.
Select Energy Services Inc has a business model focused on providing comprehensive water management and chemical solutions to the oil and gas industry, with a strong emphasis on delivering sustainable and cost-effective services in an efficient manner. They aim to support the entire lifecycle of oil and gas production by offering services such as water sourcing, treatment, recycling, and disposal, as well as logistics and well-site services.
Propetro Holding Corp is an oilfield services company that specializes in providing hydraulic fracturing, or fracking, services to oil and gas exploration and production companies. Their business model revolves around offering a comprehensive range of fracking services, including well stimulation, consulting, and equipment maintenance, to help clients optimize oil and gas production. Propetro focuses on maintaining efficient operations, leveraging technology, and employing highly qualified personnel to deliver innovative solutions to their customers in the energy industry.
Primeenergy Resources Corporation is a Texas-based independent oil and gas exploration and production company with a focus on acquiring, developing, and producing oil and natural gas reserves. They aim to maximize value for their shareholders by efficiently and strategically managing their assets and operations in various oil and gas producing regions.
Oil States International Inc operates as a global provider of services and products to the oil and gas industry. Their business model revolves around offering a comprehensive range of integrated solutions and equipment across various stages of the oil and gas lifecycle. These solutions include well site services, offshore products, and tubular services, catering to exploration, production, and infrastructure needs of their customers worldwide.
Oceaneering International Inc operates as a global provider of engineered services and products, primarily serving the offshore oil and gas industry. Their business model includes offering a comprehensive range of services such as remotely operated vehicles, drilling support, subsea hardware, and asset integrity solutions.
Sources:
Patterson uti Energy Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
For your research, we’ve provided 10 tables on Patterson uti Energy Inc versus competitors, including market share analysis.
You can find them in the navigation menu under Competition.
To download the tables, please subscribe.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
