Patterson-UTI Energy Inc. filings document operating results, financing arrangements, governance matters, and capital-structure disclosures for an oilfield services company focused on drilling and well completion markets. Form 8-K reports include quarterly results, dividend disclosures, material agreements, credit agreement amendments, and direct financial obligations tied to revolving credit commitments.
Proxy materials describe annual meeting proposals, board matters, executive compensation, equity awards, and shareholder voting procedures. Other filings record director changes and related governance disclosures, alongside formal exhibits such as press releases, credit agreement amendments, and other material-event documentation.
Patterson-UTI Energy, Inc. (PTEN) reported third-quarter 2026 revenue of $1,342.234 million, compared with $1,175.954 million a year earlier, and net income attributable to common stockholders of $28.353 million, versus a $36.402 million loss. For the first nine months, common-stockholder net loss was $15.876 million, compared with a loss of $84.541 million in 2025; operating cash flow was $420.876 million, versus $563.693 million.
Third-quarter sales of 13 rigs produced a $22.1 million gain. Patterson-UTI plans to exit Colombian contract drilling operations, with the exit expected to be substantially completed over the next year; related costs were $24.0 million for the nine months ended September 30, 2026. It issued $500 million of 6.05% senior notes due 2036; net proceeds before offering expenses of approximately $496 million were used to redeem the 2028 notes and for general corporate purposes. On June 4, 2026, it redeemed approximately $483 million of 2028 notes.
The board declared a $0.10-per-share cash dividend, payable December 15, 2026, to holders of record December 1, 2026. U.S. contract-drilling backlog was approximately $424 million as of September 30, 2026; approximately 22% was reasonably expected to remain at September 30, 2027.
Patterson-UTI Energy (PTEN) reported third-quarter 2026 revenue of $1.342 billion, up 9% sequentially, and net income attributable to common stockholders of $28.353 million, versus losses of $19.602 million in the second quarter and $36.402 million a year earlier. Adjusted EBITDA, a non-GAAP measure, was $263.888 million. Drilling Services revenue was $417.367 million and Completion Services revenue was $808.307 million; Drilling Products revenue rose 21% sequentially to $110.167 million.
During the quarter, Patterson-UTI returned approximately $62 million to shareholders, including $24 million in share repurchases, and declared a $0.10-per-share dividend payable December 15, 2026, to holders of record December 1, 2026. For the fourth quarter, it expects adjusted gross profit of $150 million in Drilling Services and $140 million in Completion Services, while Drilling Products adjusted gross profit is expected to decline 5%–10% sequentially. It expects to operate approximately 104 U.S. rigs on average in the fourth quarter, with additional reactivations anticipated in the first quarter of 2027.
PATTERSON UTI ENERGY INC (PTEN) reported that President & CEO William Andrew Hendricks Jr. sold 250,000 shares of common stock on September 18, 2026, in an open-market or private transaction at a weighted average price of $11.91 per share. The sales were made under a Rule 10b5-1 trading plan adopted on June 18, 2026. Following this transaction, he directly holds 2,042,474 shares of PTEN common stock.
Patterson-UTI Energy, Inc. (PTEN) received a Rule 144 notice that President and CEO William A. Hendricks, through J.P. Morgan Securities LLC as agent and attorney-in-fact, intends to sell 250,000 shares of common stock on or about September 18, 2026. The filing lists an aggregate market value of approximately $3,007,500 for these shares and reports 381,384,874 common shares outstanding as of that sale date. The shares to be sold were acquired as compensation from the issuer on March 14, 2022.
The filing also reports that in the prior three months, 250,000 common shares of Patterson-UTI Energy were sold on September 2, 2026 for total proceeds of approximately $3,231,275.
Patterson-UTI Energy, Inc. (PTEN) released an investor presentation highlighting its drilling, completion and drilling products businesses and their cash-generation profile. Management expects 2026 adjusted free cash flow to more than fund the annual dividend, with 2026 capital expenditures, net of asset sales, projected at approximately $600 million.
The company reports strong through-cycle metrics, including last-twelve-month adjusted EBITDA of $876.6 million and unlevered cash conversion in the mid‑30% range. Adjusted gross profit for the twelve months ended June 30, 2026 was led by Drilling Services at $533.9 million (47% of total), Completion Services at $443.1 million (39%), and Drilling Products at $139.8 million (12%). PTEN emphasizes disciplined capital allocation, an investment grade capital structure with ~$701 million of liquidity, net debt of about $1.09 billion, and a commitment to return at least 50% of adjusted free cash flow to shareholders, having returned more than 85% since the beginning of 2024.
PATTERSON UTI ENERGY INC (PTEN) director Robert Wayne Drummond Jr reported selling a total of 200,000 shares of common stock in early September 2026. On September 2, 2026, he sold 198,395 shares at a weighted average price of $12.85 per share in trades ranging from $12.85 to $12.86, and on September 1, 2026 he sold 1,605 shares at $12.85 per share. No Rule 10b5-1 trading plan is reported.
PATTERSON UTI ENERGY INC (PTEN) insider Seth David Wexler, EVP, General Counsel & Secretary, sold 120,000 shares of common stock on September 1, 2026 in an open-market or private transaction at a weighted average price of $12.75 per share, and directly held 404,582 shares afterward. The transaction was not reported as made under a Rule 10b5-1 trading plan and involved multiple trades between $12.75 and $12.76 per share.
PATTERSON UTI ENERGY INC (PTEN) President & CEO William Andrew Hendricks Jr reported selling 250,000 shares of common stock on September 2, 2026 in a sale characterized as an open market or private transaction at a weighted average price of $12.93 per share, with individual trades ranging from $12.90 to $12.96. Following this transaction, he directly holds 2,292,474 shares of PTEN common stock, and no Rule 10b5-1 trading plan is reported.
PATTERSON UTI ENERGY INC (PTEN) received a notice that President and CEO William A. Hendricks, through J.P. Morgan Securities LLC as his agent and attorney-in-fact, has filed to sell up to 250,000 shares of common stock under Rule 144.
The planned sale has an indicated aggregate market value of $3,197,500, with 381,384,874 common shares outstanding at the time of the notice. Hendricks previously sold 200,000 shares for $2,317,212.05 within the prior three months.
PATTERSON UTI ENERGY INC (PTEN) received a notice under Rule 144 that director Robert W. Drummond Jr., through Fidelity Brokerage Services LLC, may sell up to 198,395 shares of common stock, with an indicated aggregate market value of $2,549,549.53, against 381,384,874 shares outstanding as of a planned sale date of September 2, 2026 on NASDAQ. These shares were acquired from the issuer on September 1, 2023 via restricted stock vesting as compensation. The notice also reports a prior sale of 1,605 shares for $20,624.25 on September 1, 2026.