Oilfield service firms signal stronger North America outlook
Barclays analysts said Patterson-UTI Energy, ProFrac Holding, and Nabors Industries reported stronger North America drilling and completion services outlooks in Q2. Patterson-UTI’s Q2 EBITDA was 5% above estimates and guided Q3 EBITDA to about $260M. ProFrac’s Q2 EBITDA missed due to deployment and weather, but pricing momentum is improving. Nabors added 2026 EBITDA guidance of $920-930M.

