Every 8-K that Patterson-UTI Energy Inc (PTEN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow PTEN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PTEN filings page.
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 reported second quarter 2026 total revenue of $1,227,967 (in thousands), about a 10% sequential increase. Net loss attributable to common stockholders was $19,602 (in thousands), or $0.05 per diluted share, including non-cash charges tied to exiting contract drilling operations in Colombia and a noncontrolling investment write-down.
Adjusted net income attributable to common stockholders was $564 (in thousands), effectively breakeven, and Adjusted EBITDA was $231,886 (in thousands). By segment, Drilling Services revenue was $373,501 (in thousands), Completion Services $753,641 (in thousands), and Drilling Products $91,333 (in thousands).
Cash, cash equivalents and restricted cash were $203,169 (in thousands) at June 30, 2026, with net cash provided by operating activities of $119,940 (in thousands) for the first half of 2026 and capital expenditures of $272,552 (in thousands). The company declared a quarterly dividend of $0.10 per share and continues to expect 2026 free cash flow to cover dividend payments, while guiding 2026 capital expenditures of approximately $600 million.
Patterson-UTI Energy, Inc. reported results from its annual stockholder meeting and a significant debt refinancing move. Stockholders approved an amendment to the 2021 Long-Term Incentive Plan to increase shares available for issuance by 28.9 million shares, supporting future equity-based compensation.
All ten director nominees were elected, the auditor was ratified, and advisory approval was given to executive compensation. The company also completed the redemption of approximately $482.5 million of 3.95% Senior Notes due 2028 at 100% of principal plus accrued interest, funded from a previously completed offering of $500 million of 6.050% Senior Notes due 2036.
Patterson-UTI Energy furnished an investor presentation outlining its outlook and capital plans. The company expects consolidated adjusted EBITDA of about $220 million for Q2 2026 and plans to exit 2026 with more than 100 active U.S. drilling rigs, supported by improving dayrates and additional rig reactivations.
Completion Services is benefiting from stronger-than-expected pricing in Q2, with further improvements anticipated in Q3 and high utilization of active fleets. For 2026, capital expenditures net of asset sales are forecast at roughly $600 million, targeted toward rig upgrades, 100% natural gas-powered frac fleets and digital investments, funded with cash on hand.
Patterson-UTI highlights a commitment to return at least 50% of adjusted free cash flow to shareholders; since early 2024 it has returned more than 70% via dividends and buybacks and raised its quarterly dividend 25% to $0.10 per share. The company reports investment-grade ratings, total liquidity of $834 million, a cash balance of $337 million and Net Debt of $937.7 million, implying Net Debt-to-LTM Adjusted EBITDA of 1.08x and interest coverage of 14x, and it expects to redeem its 3.95% Senior Notes due 2028 around June 4, 2026.
Patterson-UTI Energy, Inc. completed a $500 million offering of 6.050% Senior Notes due 2036. These senior unsecured notes pay interest semi-annually on May 15 and November 15 and mature on May 15, 2036.
The company intends to use the net proceeds to redeem its outstanding 3.95% Senior Notes due 2028 and for general corporate purposes. The notes rank equally with Patterson-UTI’s other senior unsecured debt and are structurally and effectively subordinated to certain existing and future obligations as described in the indenture and supplemental indenture.
Patterson-UTI Energy, Inc. entered into an underwriting agreement to sell $500 million of 6.050% Senior Notes due 2036. The company plans to use the net proceeds, together with cash on hand and borrowings under its revolving credit facility, to redeem approximately $482.5 million of its 3.95% Senior Notes due 2028 and for general corporate purposes.
The sale of the new notes is expected to close on May 19, 2026, subject to customary closing conditions. On May 5, 2026, the company issued a conditional notice to redeem all outstanding 2028 notes, with its obligation to fund the redemption conditioned on completing a senior debt offering on or before June 4, 2026.
Patterson-UTI Energy, Inc. entered into an Assignment and Amendment No. 1 to its Second Amended and Restated Credit Agreement. The change extends the maturity date for $450 million of revolving credit commitments from January 31, 2030 to January 31, 2031, giving the company an additional year of access to this portion of its credit facility.
The amendment also reallocates $25 million of revolving credit commitments from HSBC Bank USA, N.A. to JPMorgan Chase Bank, N.A. The underlying credit agreement remains in place with Wells Fargo Bank, National Association serving as administrative agent and with existing lenders and letter of credit issuers.
Patterson-UTI Energy reported a net loss for the quarter ended March 31, 2026, despite solid activity across its businesses. Total revenue was $1.12 billion, and net loss attributable to common stockholders was $25 million, or $(0.06) per diluted share. Adjusted EBITDA was $205 million, highlighting stronger cash-generation metrics than GAAP earnings alone.
Drilling Services revenue was $352 million with adjusted gross profit of $134 million, supported by 8,301 U.S. operating days and about 92 rigs working. Completion Services delivered $680 million of revenue and $98 million of adjusted gross profit, with high utilization but some winter storm disruption. Drilling Products revenue was $80 million with adjusted gross profit of $33 million, though Middle East activity faced higher costs and some disruption.
Management expects a second-quarter market inflection as improved commodity prices support higher U.S. activity. Guidance calls for an average U.S. rig count of roughly 90 rigs in Drilling Services and adjusted gross profit of about $130 million there, and about $105 million of adjusted gross profit in Completion Services. The company continues to emphasize investments in equipment and digital technology and declared a quarterly dividend of $0.10 per share, payable on June 15, 2026 to holders of record on June 1, 2026.
Patterson-UTI Energy, Inc. filed a current report describing that it has released its financial results for the three and twelve months ended December 31, 2025. The company issued a press release dated February 4, 2026, which is attached as an exhibit and provides the detailed quarterly and full-year results.
Patterson‑UTI Energy (PTEN) announced financial results for the three and nine months ended September 30, 2025. The company furnished a press release as Exhibit 99.1, making the details available to investors.
The company stated that the information in the press release is being furnished, not filed, under the Exchange Act and will only be incorporated by reference in other filings if specifically identified. Patterson‑UTI’s common stock trades on the Nasdaq Global Select Market under the symbol PTEN.
Patterson-UTI Energy, Inc. reported that director Leslie A. Beyer has resigned from its Board of Directors, effective September 18, 2025. Her resignation follows the confirmation of her appointment as Assistant Secretary for Land and Minerals Management at the U.S. Department of the Interior by the U.S. Senate.
The company states that Ms. Beyer’s resignation did not result from any disagreement regarding its operations, policies, or practices. Patterson-UTI attached a press release as an exhibit providing additional details on this board change.
Patterson-UTI Energy, Inc. furnished a new investor presentation under a current report, using a Regulation FD disclosure. The company states it will deliver this presentation and has attached the related slides as Exhibit 99.1, dated September 2, 2025.
The investor presentation and related Item 7.01 information are being furnished rather than filed, meaning they are not subject to certain liabilities under the Exchange Act and are not automatically incorporated into other Securities Act filings unless specifically referenced.