Welcome to our dedicated page for Patterson-Uti Energy SEC filings (Ticker: PTEN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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 executive James Michael Holcomb reported a routine tax-related share disposition. On May 5, 2026, 9,741 shares of Common Stock were disposed at $12.29 per share to satisfy withholding taxes on Restricted Stock Units that converted into Common Stock. After this tax-withholding transaction, he directly holds 583,918 Patterson-UTI Energy shares, indicating he retained a substantial equity position.
Patterson-UTI Energy’s EVP and Chief Financial Officer, Charles Andrew Smith, reported a routine compensation-related share disposition. On May 5, 2026, 11,943 shares of common stock were surrendered at $12.29 per share to cover withholding taxes on Restricted Stock Units that converted into common stock. After this tax-withholding transaction, he directly holds 726,455 shares of Patterson-UTI Energy common stock.
PATTERSON UTI ENERGY INC executive reports tax-related share disposition. EVP and General Counsel Seth David Wexler had 8,185 shares of Common Stock disposed at $12.29 per share on May 5, 2026 to cover withholding taxes on Restricted Stock Units that converted into Common Stock.
After this tax-withholding transaction, Wexler directly holds 534,945 shares of Patterson-UTI Energy common stock. The event reflects a compensation-related tax payment rather than an open-market sale.
Patterson-UTI Energy, Inc. is offering $500,000,000 aggregate principal amount of 6.050% Senior Notes due May 15, 2036. The Notes pay interest semi-annually on May 15 and November 15, commencing November 15, 2026, and are unsecured senior obligations that are not initially guaranteed by subsidiaries.
The public offering price is 99.853% (gross proceeds $499,265,000), with underwriter discount 0.650% ($3,250,000) and estimated net proceeds of approximately $494.2 million, which the company expects to use to redeem its 3.95% Senior Notes due 2028 and for general corporate purposes.
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. is offering senior notes due 2036 under a preliminary prospectus supplement dated May 5, 2026 (terms such as aggregate principal amount and interest rate are not filled in on the excerpt). The offering is subject to completion and will be issued under Patterson-UTI’s existing indenture. The company states it expects to use net proceeds to redeem its outstanding 3.95% Senior Notes due 2028 (approximately $482.5 million outstanding as of March 31, 2026), subject to completion of this offering on or before June 4, 2026. Recent financing updates include an amendment to the Credit Agreement that extends $450 million of revolving commitments to January 31, 2031 and assigns $25 million of commitments from HSBC to JPMorgan. As of March 31, 2026, Patterson-UTI reported $2.8 million in letters of credit outstanding and approximately $497 million of available borrowing capacity under the Credit Agreement. The Notes will be unsecured senior obligations, initially unguaranteed by subsidiaries, issued in book-entry form and not listed on an exchange.
PATTERSON UTI ENERGY INC director Robert Wayne Drummond Jr reported open-market sales of a total of 384,174 shares of Common Stock. He sold 322,699 shares on May 1, 2026 at a weighted average price of $12.04 per share and 61,475 shares on May 4, 2026 at a weighted average price of $12.02 per share. The prices reflect multiple trades in ranges disclosed in footnotes. Following these transactions, he directly holds 1,128,773 shares of Patterson-UTI Energy common stock.
Patterson-UTI Energy President & CEO William Andrew Hendricks Jr. reported several equity transactions involving the company’s common stock and equity awards. On May 1, 2026, he completed an open-market sale of 250,000 shares at a weighted average price of $11.85 per share and directly held 2,823,103 common shares afterward.
Also on May 1, 97,333 cash-settled restricted stock units vested and were treated as converting into common stock and simultaneously being disposed back to the company for cash, with 53,989 of the related shares deemed disposed at $12.22 to cover withholding taxes. On April 30, 2026, he received 232,900 restricted stock units and 155,300 cash-settled restricted stock units as compensation, each vesting in three equal annual installments starting April 30, 2027. Following these awards and settlements, he held 349,967 cash-settled restricted stock units.
Patterson-UTI Energy EVP & CFO Charles Andrew Smith reported equity compensation activity and related settlements. On April 30, 2026, he received 57,500 restricted stock units and 38,400 cash-settled restricted stock units, each convertible one-for-one into common stock or cash as applicable, vesting in equal thirds on April 30, 2027, 2028 and 2029.
On May 1, 2026, 24,033 restricted stock units vested into common stock and 14,357 shares were withheld to cover applicable taxes. Cash-settled restricted stock units for 24,033 share-equivalents were settled in cash and, under SEC guidance, reported as a deemed conversion and simultaneous disposition to the company, with no shares actually issued or sold. Following these transactions, he directly holds 738,398 shares of common stock and 86,467 cash-settled restricted stock units.